Property Summary: 133 Imperial Avenue, Winnipeg

Section 1: Key Characteristics & Appeal

This is a compact, one-storey home in Winnipeg's Glenwood neighbourhood, built in 1944. Its key characteristic is its modest, renovated basement, which adds functional living space to the 749 sqft main floor. The property sits on a roughly 5,000 sqft lot, which is a typical size for the area and offers good outdoor potential.

The primary appeal lies in its value and practicality. The home's assessed value is consistently around the average for its immediate street and neighbourhood, suggesting it is priced appropriately within its market context. It represents an entry point into the housing market or a sensible downsizing option. The renovated basement is a significant asset, effectively increasing usable space without increasing the property's tax assessment footprint. This home would suit first-time buyers, investors looking for a manageable rental property, or retirees seeking a single-level living setup with a manageable yard and lower maintenance costs than a larger house.

A less obvious perspective is its "blank slate" potential. While updated, the home's below-average living area compared to the city means creative use of space is key. The decent lot size could allow for future expansion like a garage, garden suite, or addition, subject to approvals. Its consistent, middle-of-the-road metrics indicate a stable, unflashy property unlikely to be overvalued, which can be a smart buy in an uncertain market.

Section 2: Frequently Asked Questions

1. Is the living space too small?
At 749 sqft, the main floor living area is below the Winnipeg average. However, the renovated basement provides additional finished space, making the total usable area more comfortable. It's ideal for individuals, couples, or small families who prioritize efficient living over ample square footage.

2. How does the assessed value affect property taxes?
With an assessed value around $30,300, which is average for Glenwood, property taxes should be relatively moderate for the city. This is a positive for budgeting, as the home isn't assessed at a premium that would drive taxes disproportionately high.

3. What does the sale history indicate?
The home sold most recently in late 2023 for an estimated $26.5k-$29.5k. Prior to that, it sold in 2017 for an estimated $21.5k-$24.5k. This indicates steady appreciation over that six-year period, consistent with broader market trends.

4. Are there any major concerns with a home built in 1944?
While the basement has been renovated, the core structure is 80 years old. Prospective buyers should invest in a thorough inspection to assess the condition of foundational elements, the roof, wiring, and plumbing, which may be original or dated despite recent updates.

5. What are the advantages of the lot size?
The lot of approximately 4,973 sqft is slightly larger than many in the immediate area. This provides a more generous backyard than some neighbouring properties and offers flexibility for gardening, recreation, or potential future outdoor structures like a shed or detached garage.