Property Summary: 334 Glenwood Crescent, Glenelm, Winnipeg

Section 1: Key Characteristics & Appeal

This two-storey home, built in 1930, is distinguished by its exceptionally large lot—over 12,500 square feet—which ranks in the top 1% of the Glenelm neighborhood and top 3% citywide. This is the property's most defining feature, offering rare potential for expansion, gardening, or outdoor living within the city. The 1,579 sqft living space is above average for both the street and the area, and it includes a renovated basement. While the home itself presents a solid, classic footprint, the data suggests its assessed value is significantly above local averages, indicating it is viewed as a premium property within its immediate context, likely due to the land size and location.

The appeal lies in a combination of established neighborhood character and uncommon space. It suits a buyer who values privacy and land over a modern build, seeing the lot as a long-term asset or a canvas for future projects. It would also fit someone seeking a home in Glenelm with more outdoor room than is typically available, potentially for a growing family. A less obvious perspective is that this property may represent a "land play" in a well-regarded area, where the value of the parcel itself could outweigh the existing structure for the right buyer.

Section 2: Frequently Asked Questions

1. Is the land truly that large for the area?
Yes. At 12,591 sqft, the lot is substantially larger than the Glenelm average (~3,848 sqft) and the average on its own street (~7,294 sqft), offering a rare amount of private outdoor space.

2. The assessed value seems high compared to nearby homes. Why?
The assessment ranks in the top 2% for Glenelm. This premium likely reflects the combined value of the large lot, the above-average living space, the renovated basement, and the desirability of the Glenelm neighborhood itself.

3. What does "renovated basement" typically mean for a home of this era?
While specifics would require a viewing, in a 1930s home this often means updated essentials like flooring, lighting, and drywall, possibly creating a finished living or recreational space. It's important to verify the scope of work and any updates to foundational elements like plumbing and electrical.

4. With a home built in 1930, what should I be prepared for?
You can expect classic character but should budget for ongoing maintenance consistent with an older home. A thorough inspection is crucial to understand the condition of major systems (roof, wiring, plumbing, foundation) and the quality of the basement renovation.

5. There's no garage. How does that impact parking and storage?
The property listing shows no garage. Buyers should consider the driveway accommodation and the need for alternative storage solutions. The large lot, however, may offer potential for adding a garage or shed, subject to local bylaws.