270 Glenway Avenue

Property Overview: 270 Glenway Avenue, Winnipeg

Section 1: Key Characteristics & Appeal

This home at 270 Glenway Avenue presents a distinct profile centered on its generous 6,103 sqft lot in Winnipeg's River East neighborhood. Built in 1957, the house itself is notably compact at 721 sqft, placing it well below average in size for both the street and the broader area. The assessed value of $311k is also below the local average, reflecting the home's smaller footprint and older construction date.

The primary appeal lies in the land itself—a lot size that ranks above average city-wide and is a standout on its own street. This creates a clear value proposition: significant outdoor space and potential at a price point below typical area listings. It suits practical, value-oriented buyers such as first-time homeowners comfortable with a cozy living space, downsizers seeking a manageable home with room for gardens or hobbies, or investors looking for a property with future redevelopment potential (subject to zoning). It’s a property where the value is more in what you could do with the land over time, rather than in its current interior accommodations.

Section 2: Frequently Asked Questions

1. Why is the assessed value below average if the lot is so large?
Assessment considers the entire property. While the lot is an asset, the older, smaller-than-average home size (721 sqft vs. a neighborhood average of nearly 1,400 sqft) significantly influences the overall valuation.

2. What does the sold price history indicate?
The home sold in May 2024 for an estimated $350k-$400k, and previously in May 2019 for $250k-$300k. This suggests solid appreciation, with the most recent sale price aligning more closely with the land value proposition in today's market.

3. Who would this property not suit?
It may not suit buyers who prioritize modern, move-in-ready interiors or require multiple bedrooms and larger living spaces without planning a major renovation or expansion.

4. Is the smaller house a drawback or an opportunity?
It depends on perspective. For some, it's a limitation. For others, it represents lower utility costs, less maintenance, and a simpler layout. The key is whether the floorplan works for your needs as-is, or if you view it as a candidate for future renovation.

5. How accurate is the sold price data shown?
The provided price ranges are based on publicly available data. For fully verified, exact sale figures and a complete transaction history, you must request a manual lookup from the site, as they do not display proprietary MLS records.