Property Overview: 101 Noble Avenue, Glenelm, Winnipeg

Key Characteristics & Appeal

This is a compact, one-storey home built in 1911, offering a classic bungalow layout with 792 square feet of living space and a renovated basement. Its lot size of 3,307 sqft is typical for the Glenelm neighborhood. The home’s assessed value is notably modest compared to the Winnipeg city-wide average, positioning it as an accessible entry point into the market.

The primary appeal lies in its value proposition and location. It represents a genuine opportunity for first-time homebuyers, downsizers, or practical investors seeking a lower financial barrier to entry in a well-established area. The renovated basement adds functional living space, which is a significant asset in a smaller home. A less obvious perspective is that a home of this vintage and size often appeals to those seeking a simpler, more manageable footprint without the maintenance demands of a larger, newer property. It suits a buyer who prioritizes financial pragmatism and neighborhood character over square footage, and who sees potential in the solid foundation of a century-old home.

Frequently Asked Questions

1. Is the living space too small?
At 792 sqft, the living area is below the average for the street, neighborhood, and city. It is a compact home best suited for individuals, couples, or small families comfortable with efficient living spaces, with the renovated basement providing crucial additional room.

2. Why is the assessed value so much lower than the city average?
The assessed value reflects the home’s smaller size, age, and the specific market values within the Glenelm area. It indicates a property that is not in the premium segment of the market, which is a key factor in its affordability.

3. What does the age of the home (1911) mean for me?
A 115-year-old home offers charm and established character but warrants a careful inspection. While major systems may have been updated over time, buyers should be prepared for the maintenance nuances typical of a century-old structure, which can also be a source of its durability and craftsmanship.

4. How does the lot size compare?
The lot is average for Noble Avenue and Glenelm, but below the city-wide average. This means you have a decently sized yard for the neighborhood without the extensive upkeep of a much larger plot, striking a balance between outdoor space and manageability.

5. Where can I find the exact historical sale price?
The listed sale history shows a range. To obtain the precise sale price from September 2022, you can request it via email from the source of this data. They provide this detail manually and state they will not use contact information for unsolicited marketing.