Property Overview: 62 Martin Avenue W, Glenelm, Winnipeg

Section 1: Key Characteristics & Appeal

This well-situated one-storey home in Glenelm presents a compelling mix of space, value, and established neighbourhood character. Built in 1931, its key strength lies in its generous 4,536 sqft lot, which ranks in the elite top 5% for size on its street. The living area (1,178 sqft) is above average for the immediate area, offering comfortable scale. A recently renovated basement adds functional living space.

The primary appeal is grounded in its standout assessed value, which places it in the top 4% on its street and top 11% in Glenelm. This suggests a property that has been well-maintained and upgraded relative to its peers. The combination of a large lot in a mature neighbourhood with a renovated basement creates a solid foundation for both living and future value.

This property would suit a practical buyer looking for a character home in an established community without a premium price tag. It’s ideal for someone who values outdoor space and the potential a large lot provides—whether for gardening, expansion, or simply more privacy than newer subdivisions offer. It also fits a buyer who appreciates a home with recent updates (like the basement) but isn’t afraid of the ongoing stewardship that comes with a 95-year-old structure.

Section 2: Frequently Asked Questions

1. What does the high assessed value ranking actually mean?
It indicates the municipal assessment is significantly higher than most comparable homes on the street and in Glenelm. This typically reflects improvements, additions, or overall condition that the city assesses as adding value. It's a strong data point for equity, but it's not a direct market price.

2. Is the large lot a benefit for future expansion?
Potentially, yes. The lot size is a major asset. Any future expansion, like an addition or a garage, would be subject to zoning bylaws and permits, but the physical space provides a notable advantage over neighbouring properties with smaller footprints.

3. How does the age of the home factor in?
Built in 1931, the home has the charm and solid construction of its era, but also requires a mindful approach. Buyers should budget for ongoing maintenance and consider the age of major systems (roof, plumbing, wiring) even with a renovated basement. Its age is typical for central, mature neighbourhoods like Glenelm.

4. The sold price history shows values in the low $30k range. Is that accurate?
The displayed sold price ranges are based on public data algorithms. For an exact, verified historical sale price, you must request it via the provided email service. This step is crucial for understanding the property's true market history.

5. What is the neighbourhood (Glenelm) like?
Glenelm is a central, established neighbourhood with older homes and tree-lined streets. The property rankings show it offers more living space and lot size for the value compared to many city-wide averages, appealing to those seeking character and space close to the city's core.