Property Overview: 162 Hespeler Avenue, Glenelm, Winnipeg

Section 1: Key Characteristics & Appeal

This two-storey home, built in 1915, offers a classic layout with 1,255 sqft of living space and a full, unrenovated basement. Its lot size of 3,382 sqft is notably above average for Hespeler Avenue itself. The data suggests a home that is solidly positioned within its immediate neighborhood context: its living space is generous for the street, and its assessed value is typical for the Glenelm area. This creates a specific appeal—it’s a character home in an established community, not a outlier in size or price, but one that holds its own with more interior space than many direct neighbors.

The property would suit a buyer who appreciates the charm and established streetscapes of older neighborhoods like Glenelm and sees potential in a home that hasn’t been fully modernized. It’s a candidate for a gradual, live-in renovation, appealing to those wanting to put their own stamp on a property. The recent sale in late 2024 also indicates it may be a viable option for someone seeking a home that’s already been through a quick market cycle, potentially allowing for a more straightforward purchase.

Section 2: Frequently Asked Questions

1. What does the sold price history indicate?
The home sold recently in October 2024, and previously in July 2019. The price ranges shown suggest stable value within its local market over that period. The recent sale means current ownership is likely short-term, a detail some buyers may want to understand.

2. How does the unrenovated basement affect the property?
The basement is noted as "not renovated." This typically means it’s in functional, original condition. It offers ample storage and utility space but presents an opportunity for future finishing to add living area, subject to necessary inspections for moisture and foundation integrity common with homes of this era.

3. Is the assessed value a reliable indicator of the listing price?
Not directly. The assessed value (23.3k) is for municipal tax purposes. The recent sold price range (21.5k-24.5k in 2024) is a much more relevant market benchmark. In Winnipeg, assessed values often lag behind current market values.

4. What are the implications of no garage?
The property has no garage. This is common for older Winnipeg neighborhoods. Buyers should plan for street parking and consider the cost of adding a garage or sheltered parking in the future, if the lot permits.

5. How does this home compare to the Winnipeg average?
The data shows this is very much a neighborhood-centric property. While its size and value are around or above average for Glenelm and Hespeler Avenue, it falls below the city-wide averages for lot size, assessed value, and year built. This highlights its appeal as an affordable, character-filled home in a specific community, rather than a large, modern property on a big lot.