Property Overview: 105 Egerton Road, Winnipeg

Section 1: Key Characteristics & Appeal

This single-storey home in Glenwood presents a practical and value-oriented opportunity. Its key characteristic is a generous 7,495 sqft lot, which ranks in the top 3% of the neighbourhood, offering significant outdoor space and potential in an area where lots are typically smaller. The house itself, built in 1993, is notably newer than most area homes, suggesting potentially fewer immediate concerns with aging infrastructure. It features a renovated basement, adding functional living space to its 1,139 sqft footprint.

The appeal lies in its balanced position. It sits above average for the neighbourhood in assessed value and lot size, yet the living space is comfortably average, avoiding the premium often attached to larger, newer homes. This creates a "sweet spot" for buyers seeking a manageable home on a premium-sized lot without paying for excessive square footage. It would suit first-time buyers or downsizers looking for a low-maintenance, single-level layout in a mature area, and is particularly compelling for those who prioritize yard space, garden potential, or future outdoor additions over a large interior.

Section 2: Frequently Asked Questions

1. How does the assessed value relate to the likely selling price?
The assessed value of $45,100 is a municipal figure for tax purposes. While it provides a benchmark and indicates the home is valued above the Glenwood average, the actual market price is determined by current conditions, the home's specific condition, and buyer demand.

2. What are the implications of having a newer home (1993) in an older neighbourhood?
While this often means updated electrical, plumbing, and insulation, it's still a 30-year-old home. A pre-purchase inspection remains essential. The benefit is that major systems may have more serviceable life left compared to the neighbourhood's older average.

3. The lot is large, but is there room to expand the house?
The sizable lot offers clear potential for additions, a garage, or a large garden. Any expansion would require checking with the City of Winnipeg for zoning bylaws, setback requirements, and permitting.

4. There's no garage. How is parking and what are the options?
The listing notes no garage. Prospective buyers should verify on-street parking availability and regulations on Egerton Road. The large lot does provide clear space to add a driveway or a future garage, subject to local regulations.

5. The sold price history shows a sale in 2016. What does that indicate?
The 2016 sale price (approximately $29.5k-$32.5k) is a historical data point. The significant gap between that price and the current assessed value reflects market appreciation over nearly a decade and possibly the value added by the basement renovation. It does not directly predict the current market value.