Property Overview: 168 Glenwood Crescent, Glenelm, Winnipeg

Section 1: Key Characteristics & Appeal

This one-and-a-half storey home, built in 1928, presents a classic Glenelm character home with two standout, data-backed features: an exceptionally large lot and a recently renovated basement. At nearly 10,000 square feet, the property sits on a land parcel that ranks in the top 2% of the desirable Glenelm neighbourhood, offering rare space for gardens, expansion, or simply enjoying a generous yard in a mature, established area.

While the living space (1,332 sq ft) is modest compared to others on its street, it is above average for Glenelm overall. Its assessed value is strong for the immediate neighbourhood, suggesting it is well-positioned within the local market. The home appeals most to buyers who value land size and location over sheer interior square footage. It would suit a downsizer seeking a manageable home with outdoor space, a first-time buyer looking for a character home with renovation potential, or an investor attracted by the lot size and the value-add of the finished basement. Its appeal lies in the combination of a prime, in-demand neighbourhood and the long-term value of a large, private lot—a increasingly rare commodity closer to the city core.

Section 2: Frequently Asked Questions

1. How does the home’s size compare to the area?
The living area is slightly below average for Glenwood Crescent itself but is actually above the average for the broader Glenelm neighbourhood. This indicates the home offers a more compact footprint on a much larger-than-typical lot for the area.

2. What does the lot size ranking actually mean?
The data shows the 9,810 sq ft lot is not just large for the street; it's in the 98th percentile for all of Glenelm. This means it's a genuinely oversized property for this neighbourhood, a key differentiator that adds significant value and potential.

3. The home sold recently in 2024. What can we infer?
The sale last fall indicates a very recent transaction in a active market. Given the strong assessed value for the area, it likely attracted competitive interest. Requesting the exact sold price (as offered) would provide the clearest picture of its current market value.

4. Is the assessed value high or low?
At $355,000, the assessment is above average for Glenelm (ranking in the top 8%), but around average for its specific street and city-wide. This suggests the property is valued appropriately within its immediate context and is not an outlier, with its premium likely tied to the lot and location.

5. What are the less obvious considerations with a property like this?
While the renovated basement adds immediate liveable space, buyers should consider the upkeep and potential updating needs of the nearly 100-year-old main structure. Furthermore, such a large lot, while a major asset, also means higher property taxes relative to smaller lots in the same area and greater responsibility for maintenance.