Property Overview

This bi-level home at 10 Stranmillis Avenue in Winnipeg's Glenwood neighbourhood presents a practical and modern living option. Built in 2014, it is a notably newer construction compared to most homes in the area. With 1,110 sqft of living space and a renovated basement, it offers comfortable, move-in-ready accommodation. The property features a detached garage and sits on a 3,407 sqft lot. Its assessed value is consistently above average for both the immediate street and the broader Glenwood area, suggesting it is well-regarded in its market segment.

Key Characteristics & Appeal

The primary appeal of this home lies in its modern age and efficient use of space. As a 2014 build, it likely benefits from contemporary building standards, materials, and systems, offering peace of mind and potentially lower near-term maintenance costs compared to the neighbourhood's predominantly mid-century housing stock. The renovated basement adds functional living area. Its above-average assessment for the locale indicates a perceived quality or desirability that outpaces many direct comparables.

This property would suit first-time buyers or downsizers seeking a modern, low-maintenance home in an established neighbourhood without the character-home upkeep. It's also a sensible choice for value-conscious buyers who prioritize a newer building envelope and interior finishes over a larger lot size, which here is more compact than the Glenwood and city averages.

Frequently Asked Questions

1. Why is the assessed value so much higher than the neighbourhood average?
The assessed value ranks in the top 13% for Glenwood, likely reflecting the home's relatively recent construction year (2014) and renovated condition compared to the area's older average housing stock.

2. What does the "bi-level" building type mean for daily living?
A bi-level typically has a main living area entered halfway between two floors. This often means a short flight of stairs up to bedrooms and a short flight down to a basement living space. It's efficient but involves more stairs than a bungalow.

3. The lot size is noted as below average for Glenwood. Is that a major concern?
It depends on your priorities. The lot is still a good size for a private yard and outdoor space, but it may not offer the same expansive feel as some older properties in the area. This can be a fair trade-off for a newer, more modern home.

4. How does the sold price history help in determining current value?
The home sold in May 2023 for an estimated $42.5k-$45.5k, close to its current $41.6k assessment. This recent sale provides a concrete benchmark, showing assessed value and market value were closely aligned at that time.

5. What is the immediate neighbourhood like?
The listing shows several nearby properties on the same street, suggesting a quiet, residential setting. The provided comparable properties on Stranmillis Avenue and St. Anne's Road are all older (1920s builds), highlighting how this home stands out as a newer infill property.