Property Overview: 234 Glenway Avenue, Winnipeg
Key Characteristics & Appeal
This home on Glenway Avenue presents a distinct profile defined by its exceptional lot size paired with a more modest, older house. Its 12,212 sqft land area is its standout feature, ranking in the top 1% on its street and top 3% city-wide—offering rare potential for expansion, gardening, or outdoor space. The house itself, built in 1960, is older than most in the immediate area and has a living area (1,160 sqft) that is below the street average. Its assessed value of $390k is consistently around the average for the street, neighborhood, and city.
The appeal lies in a clear value proposition: you are purchasing a premium piece of land with a functional, average-sized home. It suits buyers who prioritize long-term potential and outdoor space over immediate move-in luxury. This could be ideal for a family envisioning a future renovation or addition, a hobbyist or gardener craving space, or an investor seeing the underlying land value in a mature neighborhood like River East. It’s a property where the true asset is the ground it sits on.
Frequently Asked Questions
1. Is the house in need of major updates?
Given it was built in 1960 and is older than 94% of homes on the street, buyers should budget for updates. Key systems like roof, windows, plumbing, and electrical may be at or beyond their typical lifespan and should be inspected.
2. How does the large lot impact property taxes and maintenance?
While the assessed value is around average, the large lot may influence future assessments. Maintenance of a lot nearly double the street average will require more time or cost for landscaping, snow clearing, and general upkeep.
3. What are the recent sale trends for this property?
Public data indicates it sold in September 2021 for between $400k-$450k, and again in September 2022 for between $450k-$500k. This suggests a rapid resale and appreciation in that period. Exact sale prices require a manual request to the site.
4. Are there restrictions on what can be built on such a large lot?
Potential for expansions, sheds, or pools is significant, but buyers must verify all local zoning bylaws, setback requirements, and any heritage or neighborhood design guidelines before making plans.
5. How does the living space compare practically for a family?
At 1,160 sqft, the living area is below the street average (1,322 sqft). This may mean fewer or smaller bedrooms, bathrooms, and living areas compared to neighboring homes. It’s important to ensure the current layout meets your needs.