Property Overview & Key Characteristics

This one-and-a-half storey home on Egerton Road, built in 1911, presents a classic Glenwood character home with notable land value and location appeal. Its primary strengths lie in its generous 2,763 sqft lot, which ranks in the top 5% for size on its street, and its desirable Glenwood neighbourhood setting. The home itself offers 1,008 sqft of living space. Key data points show its assessed value is notably higher than many nearby comparables, and recent sale history indicates steady appreciation. The basement exists but is unrenovated, and the property does not feature a garage or pool.

Its appeal is grounded in its established, tree-lined street and the potential inherent in a large lot in a mature neighbourhood. It would particularly suit a buyer who values lot size and location over turn-key condition—someone comfortable with a home that may require updates but offers solid fundamentals and a chance to add value over time. It's a property for a pragmatic buyer or investor who sees the underlying asset: a sizable piece of land in a well-ranked area of Winnipeg, with a historic home providing a canvas for modernization.

Frequently Asked Questions

1. What does the "top percentile" ranking data actually mean?
The rankings compare this property against others on the same street, in Glenwood, and across all of Winnipeg. For example, its lot size is in the top 5% on Egerton Road, meaning it's larger than 95% of its direct neighbours. This quantifies its relative strengths in key metrics.

2. The assessed value seems low compared to recent sale prices. Why?
Municipal assessed value for tax purposes often lags behind current market values and is calculated using a specific formula. The 2022 and 2021 sale prices provide a more current picture of its market worth and show a trend of increasing value.

3. What are the implications of an unrenovated basement?
This typically means the basement is in original or functional condition, but not modernized. It presents both a consideration for immediate utility and a clear opportunity for future improvement to add living space and value, subject to necessary inspections for moisture and foundation.

4. How does the lack of a garage affect the property's profile?
In a neighbourhood of older homes, this is common. It simplifies the structure and may appeal to buyers seeking lower maintenance or those who plan to add a garage or alternative parking/storage solutions later, given the lot has the size to accommodate it.

5. The home is over a century old. What should I prioritize?
While charm and built quality are benefits, a focused inspection on major systems (roof, foundation, plumbing, electrical) is essential. The appeal here is balanced between preserving character and responsibly updating for efficiency and safety, with the lot size being a permanent, valuable asset.