Property Overview: 112 Hart Avenue, Glenelm

Key Characteristics & Appeal

This one-and-three-quarter storey home, built in 1913, is a classic Glenelm property that presents a solid, no-frills opportunity. With 1,140 sqft of living space and a 3,291 sqft lot, its size is squarely average for the immediate street and neighborhood, offering comfortable space without being oversized. A key financial characteristic is its assessed value, which ranks above average for Hart Avenue itself, suggesting it may be viewed favorably within its specific local context despite being a century-old home.

The appeal lies in its grounded, established setting. It suits a practical buyer—perhaps a first-time homeowner or an investor—who values location and character over modern finishes, as the basement is noted as unrenovated. The detached garage adds functional value. A less obvious perspective is that its "around average" metrics across the neighborhood indicate a property less likely to be over-improved for the area, potentially offering a more straightforward and predictable investment in a stable community. It’s a home for someone comfortable with the upkeep of an older house and who sees potential in a property that is fundamentally in line with its surroundings.

Frequently Asked Questions

1. How does the sold price compare to the assessed value?
The home sold in June 2024 for between $27.5k and $30.5k, which is moderately higher than its $25.2k assessed value. This indicates the market recently valued it above its official assessment.

2. Is the home in move-in condition?
The listing specifically notes the basement has not been renovated. Buyers should budget for updates, particularly in that area, and anticipate the maintenance typical of a home built in 1913.

3. How does this property rank compared to others in Winnipeg?
City-wide, its living space and lot size are below average, and it's older than about 90% of homes in Winnipeg. This highlights that its value is primarily rooted in the Glenelm neighborhood rather than city-wide trends.

4. What is the neighborhood context for this value?
While its assessed value is below the city average, it ranks in the top 24% on its own street. This suggests Hart Avenue and the Glenelm area may have a distinct value profile, and this property is considered a stronger performer on its specific block.

5. Where can I find the exact historical sold price?
The exact sale price is not published publicly. The listing service offers to provide the precise figure via email upon request, stating they aim to reply manually by the end of the same day.