Property Overview: 55 Carmen Avenue, Glenelm, Winnipeg

Key Characteristics & Appeal

This one-storey home, built in 1925, is a classic Glenelm character property situated on a standard city lot. Its key metrics—888 sqft of living space, a 3,072 sqft lot, and a $22,100 assessed value—consistently place it in the middle-to-lower tier compared to its immediate street and neighbourhood, but well below Winnipeg-wide averages. This positioning is central to its appeal: it represents a relatively accessible entry point into a mature, established neighbourhood.

The home’s primary draw is its location in Glenelm, a community known for its tree-lined streets and historic charm. The property offers a detached garage and a full, unrenovated basement, presenting a clear canvas for customization. It would suit a first-time buyer, an investor, or a hands-on homeowner looking for a "blank slate" project in a desirable area without a premium price tag. A thoughtful perspective is that its below-average size and value for the city might translate to lower property taxes, while its average standing on the street suggests it fits the local scale without being an outlier. The last known sale was between 2016-2017 in the $17.5k-$20.5k range, indicating a potential long-term holder, which can sometimes suggest a stable, well-kept street.

Frequently Asked Questions

1. What does the assessed value tell me about the potential purchase price?
The assessed value ($22,100) is for municipal tax purposes and is typically much lower than market value. It should not be used to estimate a selling price; recent sale prices of comparable homes in Glenelm are a far better guide.

2. The basement is noted as "not renovated." What should I expect?
This indicates the basement is likely in original or functional condition, lacking modern finishes. It presents both an opportunity for future expansion and a potential immediate budget item for updates or moisture-proofing, common in century-old homes.

3. How does this home's size compare practically?
At 888 sqft, it is compact. For context, it's smaller than the average home on its street (~1,046 sqft). This efficient footprint means lower utility costs but requires thoughtful space planning, suiting individuals, couples, or small families.

4. Is the detached garage a major benefit?
In a mature neighbourhood where street parking can be limited, a detached garage is a significant asset for vehicle storage, workshop space, or extra storage. It adds functional value not reflected in the living area square footage.

5. The home sold nearly a decade ago. Why does that matter?
A long ownership period can be positive, suggesting the seller was settled and may have maintained the property. However, it also implies that major systems (roof, plumbing, heating) may be older and due for inspection or replacement, which should be factored into planning.