Property Overview: 164 Hespeler Avenue, Glenelm, Winnipeg

Key Characteristics & Appeal

This two-storey home on Hespeler Avenue stands out in the Glenelm neighborhood for its generous scale and modern updates. Its primary appeal lies in offering significantly more living space (2,200 sqft) than nearly all comparable homes on its street and in the immediate area, placing it in the top 1%. This is complemented by a renovated basement, adding to its functional space. Built in 1968, it is notably newer than most surrounding properties, suggesting potentially fewer concerns with aging infrastructure common in the neighborhood. The home also features a detached garage.

The property is ideally suited for buyers who prioritize interior space and modern livability within a well-established community. It appeals to those looking for a home that requires no major immediate renovations, thanks to the updated basement. While the lot size is typical for the street, the house itself offers an above-average footprint, making it a strong fit for families or anyone needing ample room without moving to a newer suburban area. A thoughtful perspective: this home represents a "best of both worlds" scenario—it provides the character and location of Glenelm with the space and relative newness often found in post-war suburbs.

Frequently Asked Questions

1. How does the assessed value compare to recent sale prices?
The home is currently assessed at $38,700. The last recorded sale was between $31,500 and $34,500 in August 2017. This indicates the assessed value has risen since that last sale, and any current listing price would likely be influenced by broader market conditions beyond these figures.

2. Is the lot size a disadvantage?
The land area (3,249 sqft) is average for Hespeler Avenue and Glenelm but below the Winnipeg city average. For buyers seeking a large yard, this may be a consideration. However, the trade-off is an efficiently used property where the significant living space is the standout feature, not the outdoor area.

3. What does "renovated basement" typically mean here?
While specifics would require a viewing or disclosure, in a 1968 home this generally indicates updated finishes and likely addressing of foundational concerns like moisture control or insulation. It signals added living or recreational space that is comfortable and modern.

4. Why is the year built (1968) considered a standout feature?
In Glenelm, where many homes date from the early 1900s, a 1968 build is relatively new. This can mean more modern construction standards, electrical systems, and floor plans, potentially reducing the need for the major updates often required in century-old homes.

5. Who benefits most from the detailed ranking data?
The rankings clearly show this property is an outlier in its immediate vicinity for size and newness. This data is most useful for value-conscious buyers comparing neighborhoods, as it quantifies how this home stands out locally versus city-wide, where it aligns more with average norms for size and value.