Property Overview: 258 Glenway Avenue, Winnipeg
Key Characteristics & Appeal
This 1978-built home in River East stands out for its generous proportions, both in living space and land. With 2,106 sqft of living area, it ranks in the top 2% on its own street and offers significantly more interior space than most comparable homes in Winnipeg. The lot is equally substantial at over 9,150 sqft, providing ample outdoor space and ranking in the top 12% on the street. The assessed value of $488k is consistently above average across street, neighborhood, and city comparisons, reflecting its premium positioning.
The appeal lies in acquiring a property that offers more room than its peers without being an outlier in age or character for the established area. It suits buyers who prioritize space—for a growing family, home projects, or gardening—and who value a home that already holds above-average value in its community. It’s a solid, spacious option for those seeking a long-term home in a mature neighborhood, rather than a modern renovation project or a starter property.
Frequently Asked Questions
1. How does the sold price from 2022 relate to the current assessed value?
The home sold for an estimated $400k–$450k in July 2022. The current assessed value of $488k is higher, which may reflect market changes, the property’s above-average attributes, or different valuation methods. It’s advisable to request the exact historical sold price for a clearer comparison.
2. Is the home newer or older than others in the area?
Built in 1978, the home is right around the average age for the street and the broader River East neighborhood. It is neither a historic nor a newly built property, fitting comfortably within the area’s typical housing stock.
3. What does the "top X%" ranking actually mean for a buyer?
These rankings directly compare this home against similar properties. For example, ranking in the top 2% for living area on its street means 98% of comparable homes on Glenway Avenue are smaller. It’s a data-driven way to confirm the home’s standout features, primarily its size.
4. How reliable is the sold price data provided?
The sold price ranges are based on publicly available internet data, not the MLS. The site states the figures are reasonably reliable but not guaranteed. For fully verified and exact transaction history, you must request a manual lookup from the site via email.
5. Are the property taxes likely to be high given the assessed value?
With an assessed value ($488k) notably above the local and city averages, property taxes will likely be correspondingly higher than those for a more typically assessed home in the area. Prospective buyers should budget accordingly.