Property Summary: 139 Stranmillis Avenue, Glenwood, Winnipeg

Section 1: Key Characteristics & Appeal

This is a compact, one-storey home built in 1949, situated on a standard-sized lot in the Glenwood neighbourhood. Its key appeal lies in its position as an efficient, lower-footprint property within a well-established area. The home is notably smaller (728 sqft) than most in the city, which translates to manageable maintenance and lower utility costs. A renovated basement adds functional living space. The detached garage and the lot size offer typical city amenities without excessive upkeep.

The property’s assessed value is modest and sits around the average for its immediate street and neighbourhood, suggesting it is priced accessibly within its local context. Its age is a standout feature on the street, being older than most comparable homes, which can appeal to those who appreciate classic construction or see potential in a well-located, older home.

This home would suit first-time buyers, downsizers, or pragmatic investors looking for an entry point into the Winnipeg market. It’s for someone who prioritizes location and lot over square footage, and who views a smaller, efficient floor plan as a benefit rather than a drawback. The recent basement renovation also makes it suitable for a buyer seeking a move-in-ready foundation without a major immediate project.

Section 2: Frequently Asked Questions

1. Is the smaller living area a significant drawback?
It depends on your needs. The living area is below average for the city, which means efficient use of space is key. For a single person, couple, or someone downsizing, it can be perfectly adequate, especially with the additional renovated basement space. For a growing family, it may feel cramped.

2. How does the assessed value compare to recent sale prices?
The home last sold in August 2019 for an estimated $25.5k to $28.5k, which aligns closely with its current assessed value of $28.9k. This suggests a stable, modest valuation in line with recent market activity for the property itself.

3. What does "above average" for year built on the street mean?
The home was built in 1949, which is older than most on Stranmillis Avenue. This "above average" ranking means it has more age than its neighbours—a point to consider for maintenance, but also a marker of the street’s development era and potentially the home’s character.

4. What are the implications of the renovated basement?
A renovated basement adds valuable finished space to a smaller main floor, effectively increasing the usable living area. It’s important to verify the quality of the renovation, permits, and its suitability (e.g., as a living space, rental, or storage) for your plans.

5. Who might this property not suit?
It may not suit buyers who prioritize modern, open-concept layouts or require multiple bedrooms and ample main-floor space. Those looking for a home with above-average square footage for the price, or who prefer a newer build to avoid potential age-related upkeep, might want to consider other options.