Property Overview: 43 Silvia Street, Glenelm, Winnipeg

Section 1: Key Characteristics & Appeal

This well-situated two-storey home in the established Glenelm neighbourhood presents a compelling blend of space, location, and value. Built in 1944, it sits on a notably large 4,700 sqft lot, ranking in the top 5% for land size on its street. The 1,560 sqft living area is also spacious for the area, placing it in the top tier locally. A key feature is the renovated basement, adding functional living space, and the property includes a detached garage.

The appeal lies in its strong positional metrics within a sought-after community. It consistently ranks in the top 15-20% of its immediate street and wider Glenelm area for lot size, living space, and assessed value, suggesting it's a above-average offering in a desirable location. The sold price history shows steady appreciation, increasing from $300k in 2016 to $380k in 2022.

This property would suit buyers looking for a character home in a mature neighbourhood without sacrificing interior updates, as evidenced by the renovated basement. It's ideal for those who value a larger private lot and more interior space than is typical for the area, and who are encouraged by a history of solid value growth.

Section 2: Frequently Asked Questions

1. How does this home truly compare within Glenelm?
The data indicates it's a standout in several ways. It possesses a larger lot and more living space than approximately 85-90% of homes in Glenelm, making it a rarer, more spacious find in the neighbourhood.

2. What does the sold price history indicate?
The home sold for $300,000 in 2016 and $380,000 in 2022. This represents a significant increase over six years, suggesting the property has held and grown its value well in the recent market.

3. Is the assessed value in line with the market?
The current assessed value is $351,000. It's important to note this is for tax purposes and is below the last sold price of $380,000 in 2022. Market conditions and property improvements since the last sale would determine the current listing or sale price.

4. What is the neighbourhood context of Glenelm?
Glenelm is a stable, established neighbourhood. The provided comparable listings show homes here maintain notably higher assessed values than those in adjacent areas like North Point Douglas, pointing to its perceived desirability and stability.

5. What are less obvious considerations for a home of this age?
While the basement is renovated, a home built in 1944 will have core aging components. Prospective buyers should pay particular attention to the condition of the roof, foundation, plumbing, and electrical systems, which may be original or nearing the end of their service life, even if the cosmetic spaces are updated.