Property Overview: 221 Glenwood Crescent, Winnipeg

Section 1: Key Characteristics & Appeal

This two-storey home in the sought-after Glenelm neighborhood offers a blend of classic charm and modern updates. Built in 1938, it features a generous 1,888 sqft of living space, placing it well above average for both the street and the neighborhood. A key feature is the renovated basement, adding functional living area. The property sits on a 5,469 sqft lot with a detached garage.

Its primary appeal lies in its position within a mature, established community, coupled with a home that provides more interior space than many of its peers. The renovated basement suggests move-in readiness and added versatility. The assessed value is notably above average for Glenelm, but remains below the city-wide average, which may indicate value within a premium neighborhood.

This home would suit buyers looking for character in a well-regarded area who prioritize space over a brand-new build. It’s ideal for a growing family needing room to spread out, or for someone who appreciates a home with history but doesn’t want a full renovation project, thanks to the updated basement. The lot size and garage also appeal to those wanting outdoor space and storage.

Section 2: Frequently Asked Questions

1. How does the home’s size compare to others in the area?
It is notably larger than most. With 1,888 sqft, it ranks in the top 18% on its own street and the top 5% within the wider Glenelm neighborhood for living area.

2. What does the assessed value tell me about this property?
The assessment is above average for Glenelm, reflecting the neighborhood’s desirability and this home’s larger size. However, it is below the average for the entire city, which is often the case for older homes compared to newer suburbs, and may represent a relative value within its elite community.

3. Is the lot size typical for Glenelm?
At 5,469 sqft, the lot is above average for Glenelm, ranking in the top 9% locally. It offers more outdoor space than many properties in this central neighborhood.

4. The home was built in 1938. What should I consider?
While older, it is actually newer than many homes on the street and in Glenelm, ranking in the top 15% and 20% respectively for year built. This suggests potentially fewer immediate concerns related to extreme age compared to neighbors, but a thorough inspection of original systems (like plumbing and wiring) is still essential.

5. How does this property fit within the local market context?
It presents a specific profile: a larger, updated home on a good-sized lot in a premium, established neighborhood. It competes with other character homes in Glenelm rather than with newer builds in suburban areas. The value proposition is centered on space, location, and community over modern construction.