Property Overview: 262 Glenwood Crescent, Glenelm

Key Characteristics & Appeal

This well-situated two-storey home in Glenelm offers a classic 1929 build with modern practicality, centered on a generous, private lot. Its key appeal lies in the balance of established neighbourhood character and tangible space. The 1,440 sqft living area is complemented by a renovated basement, adding functional space, while the detached garage provides flexibility. The standout feature is the land itself—at nearly 8,900 sqft, the lot size is in the top 4% for Glenelm, offering rare outdoor potential in the area, whether for gardening, recreation, or future expansion.

The home suits buyers who value a quiet, established community but want room to breathe. It’s ideal for someone looking for a character home without the smallest lot typical of older neighbourhoods, or for a growing family that prioritizes yard space over a brand-new build. The assessed value positions it as a solid, above-average offering within Glenelm, suggesting a premium for the location and lot size rather than sheer square footage. It’s a property for those who see value in land and location, with the home itself serving as a comfortable, updated canvas.

Frequently Asked Questions

1. How does the lot size compare to typical city lots?
The property’s lot of 8,852 sqft is significantly larger than average. It ranks in the top 9% citywide, where the typical comparable lot is about 6,570 sqft, and is a particularly rare find in Glenelm, placing in the top 4% of the neighbourhood.

2. Is the home’s living space considered large for the area?
At 1,440 sqft, the living area is above average for Glenelm (ranking in the top 20%), but is closer to the Winnipeg average when compared city-wide. The value here is more weighted toward the land and location than an exceptionally large house.

3. What does the "renovated basement" entail?
The listing confirms the basement is renovated, but the specific scope, quality, and permits should be verified through a viewing and inspection. It indicates added finished living space, but the details are crucial for understanding its value and functionality.

4. How recent are the comparable sold prices shown?
The most recent sale data point for the property itself is from February 2025. The nearby comparable sales (like 20 Noble Avenue) are provided for context, but their exact sale dates are not listed; this is information to request for a complete market picture.

5. The assessed value seems lower than expected. Why?
Manitoba assessed values are not market valuations. The $37.60k assessment is for taxation purposes. The actual market value is better indicated by the recent sold price range (Feb 2025: $34.50k ~ $37.50k) and by comparing current listings. Always rely on a professional market analysis for pricing.