Property Overview

This two-and-a-half storey home at 92 Cobourg Avenue in Winnipeg's Glenelm neighbourhood presents a compelling mix of classic character and standout metrics. Built in 1919, its appeal lies not just in its renovated basement and detached garage, but in its exceptional positioning within its immediate context.

Key Characteristics & Ideal Buyer

The home’s 1,882 sqft of living space places it in the top 4% of homes on its own street and top 5% within Glenelm, offering significantly more room than local averages. Its most striking feature is its assessed value of $38.70k, which ranks #1 on Cobourg Avenue (top 1%) and in the top 5% for the neighbourhood, suggesting a premium valuation relative to nearby properties. The 4,000 sqft lot is also notably larger than most on the street. This combination of above-average interior space, a generous lot, and a top-tier assessment for the area indicates a property that stands out in its local market.

Its appeal is grounded in offering substantial space in an established neighbourhood. It would suit a buyer who values a home with a strong, recognized footprint on a desirable street, possibly someone looking for a character home with room to grow or entertain. A thoughtful perspective is that this property may represent a "best-in-class" option within its specific, historic neighbourhood block, rather than just comparing city-wide. The buyer it suits is likely one who prioritizes established community charm and relative size within that micro-market over a newer build in a suburban area.

Frequently Asked Questions

1. Why is the assessed value so high compared to the street and neighbourhood average?
The assessment is likely influenced by the home's larger-than-average living area and lot size for the location, along with renovations (including the basement). It suggests the municipality views this as a premium property within the Glenelm context.

2. What does the sold price history (approx. $30.5k - $33.5k in 2017) tell us?
The 2017 sale price provides a historical benchmark. The current assessed value being higher may reflect market changes, improvements made since that sale, or the municipal assessment methodology. It highlights the importance of getting a current market evaluation.

3. Is the 1919 build date a concern?
While older than the city-wide average, the home is typical for Glenelm and its street. An older build date in this context is standard for the neighbourhood's character. The key considerations would be the condition of major systems and the quality of updates over time, not the age itself.

4. How significant is the "top 4%" living area ranking on the street?
This is a key differentiator. It means this home offers substantially more interior space than most of its direct neighbours, which is a significant advantage for livability and value in a mature neighbourhood where large additions are often difficult.

5. How do I find out the exact recent sold prices?
The exact sold prices are not publicly displayed in detail. As noted on the listing, you can request this information by email from the source site; they provide the data manually without using your email for unsolicited marketing.