Property Summary: 1833 Sq Ft Character Home in Glenelm

Key Characteristics & Buyer Profile

This is a 1,833-square-foot home built in 1914, located on Glenwood Crescent in the Glenelm neighbourhood of Winnipeg. Its appeal lies in generous proportions: the living area ranks in the top 6% locally and top 16% citywide, well above the area average of 1,165 square feet. The lot is also notably spacious at 6,069 square feet, placing it among the larger properties in Glenelm (top 9%) and citywide (top 29%). The assessed value of $310,000 is above average for the area but sits in the bottom 32% citywide, suggesting a relatively affordable price point for the square footage. The home’s age (1914) is typical for the area, though it ranks low citywide for newer builds—meaning a buyer should expect older construction details, possibly with maintenance or updates needed.

The appeal here is straightforward: a large, older home on a big lot in a well-regarded neighbourhood, at a price that undercuts newer or more centrally located properties of similar size. It suits buyers who want substantial indoor and outdoor space without a premium price tag, and who are comfortable with a century-old home’s character and potential quirks (e.g., plaster walls, vintage layouts, or older systems). It might also appeal to someone looking to renovate or update gradually, given the room to add value. Less obviously, the property’s low ranking for year built relative to city averages could mean lower property taxes if the assessed value remains moderate, though this depends on future reassessments. The neighbourhood ranking—top 6% for living area locally—suggests this is a standout home within its immediate area, which could hold or grow in appeal if the area sees increased demand.

Five Possible FAQs

1. How does the living area compare to other homes of a similar age?
   At 1,833 square feet, this property is significantly larger than the average home in Glenelm (1,165 sq ft) and outpacing most century-old homes citywide, which often run smaller. That extra space makes it a relative rarity for its vintage.

2. Is the 1914 construction likely to have original features or need major updates?
   It’s common for homes of this era to retain original elements like hardwood floors, high ceilings, or wood trim. However, mechanical systems (furnace, wiring, plumbing) may be older or replaced at different times. A home inspection is recommended to clarify what’s original and what’s been updated.

3. Why is the assessed value ($310k) above the area average but below average citywide?
   This likely reflects the property’s large size relative to Glenelm homes, which keeps it above the local median, but its older age and potential condition issues—compared to newer builds across Winnipeg—pull the citywide rank down. It’s a trade-off: more space per dollar, but less modern than the city’s average new home.

4. Does the large lot (6,069 sq ft) offer development potential or just extra yard space?
   Zoning rules for Glenelm typically allow for single-family homes or possibly a secondary suite, but check with the City of Winnipeg. Many buyers use lots this size for gardens, expansion, or just privacy. It’s not likely to be subdivided given current neighbourhood character, but it’s worth verifying.

5. How does this property compare to others currently on the market in Glenelm?
   The data shows it ranks in the top 9% for land area and top 6% for living area within the neighbourhood, so it’s larger than most listings. Its assessed value is in the top 16% locally, meaning you’re paying a premium for that space relative to smaller homes, but not an extreme one given the size.