Property Overview: 14 Glenlawn Avenue, Elm Park, Winnipeg

Section 1: Key Characteristics & Appeal

This one-storey home in the established Elm Park neighborhood presents a practical opportunity centered on its generous 6,934 sqft lot, which is notably larger than most in the immediate area. With 816 sqft of living space, the house itself is compact, but it features a renovated basement, adding functional space. Built in 1949, it is a character home typical of the area, with a detached garage.

The primary appeal lies in the land itself—offering significant outdoor space and future potential in a mature, central neighborhood. It suits a specific buyer: someone seeking an affordable entry into Elm Park who values a large yard for gardening, recreation, or future expansion more than a large existing footprint. It’s also a sensible match for downsizers or investors looking for a character home with a renovated basement suite potential (subject to zoning verification), provided they are comfortable with a home whose interior size is below the city average.

A less obvious perspective is its assessed value stability. While the home is modest in size, its assessed value is consistently around the average for its street and neighborhood, suggesting the market recognizes the enduring value of the lot and location, even as the structure itself is smaller than newer builds.

Section 2: Frequently Asked Questions

1. Is the house too small?
At 816 sqft above grade, the living space is below average for the city, neighborhood, and even its own street. However, the renovated basement significantly adds to the usable space, making the overall layout more functional for daily living.

2. What is the real draw of this property?
The standout feature is the land. The lot is over 6,900 sqft, placing it in the top 15-17% of lots in Elm Park and Winnipeg. This offers rare outdoor space for the area and is the key asset for future enjoyment or investment.

3. How does the assessed value compare to the last sale price?
The home is currently assessed at $35,200, but it last sold in June 2022 for $350,000. This large discrepancy is normal; municipal assessed value for taxation purposes is not an indicator of current market value. Buyers should rely on a comparative market analysis for pricing.

4. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the details. A viewing is essential to determine the finish quality, ceiling height, legal egress, and whether it is configured as a rec room, apartment, or additional living space.

5. The home is 77 years old. What should I be concerned about?
While the basement has been updated, a pre-purchase inspection is critical for a home of this age. Key focus areas should include the foundation, roof, wiring, plumbing, and heating systems to understand the condition and anticipate any major upkeep.