Property Overview: 141 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 characteristic is its modest 728 sqft living area, which is below average for the local area, suggesting a cozy, efficient layout. A significant feature is the renovated basement, adding functional space. The home includes a detached garage.

The appeal lies in its manageability and location-based value. The assessed value is consistently around the neighbourhood average, indicating a stable, reasonably priced entry point into the market. For its size, it represents a relatively affordable option in the city-wide context. It would suit first-time homebuyers, downsizers, or practical investors looking for a lower-maintenance property without a premium price tag. A less obvious perspective is that a smaller, renovated home like this can offer a simpler lifestyle with lower utility and upkeep costs, allowing owners to invest time and resources elsewhere. Its "around average" valuation on its street and in Glenwood suggests it's a typical property for the area, unlikely to be overpriced or an outlier.

Section 2: Frequently Asked Questions

1. Is the living space too small?
At 728 sqft, the living area is below the average for both Glenwood and Winnipeg. It is best suited for individuals, couples, or small families comfortable with a cozy, efficient layout. The renovated basement provides additional functional space.

2. How does the assessed value compare?
The assessed value is around the average for both Stranmillis Avenue and the broader Glenwood neighbourhood. This suggests the property is priced consistently with its immediate peers, not carrying an unusual premium or discount for the area.

3. What does the sold history indicate?
The home sold in September 2016 for an estimated range of $23.5k to $26.5k. Exact sold prices require a manual request from the listing service. This past sale provides a historical benchmark, but current value is better reflected by the present assessed value and market conditions.

4. What are the implications of the 1949 build date?
Built in 1949, the home is older than many in the city. While this can mean potential for older systems, the mention of a renovated basement is a positive update. Buyers should consider a thorough inspection common for homes of this era.

5. What is the land and neighbourhood potential?
The lot size is standard for the area. The Glenwood neighbourhood offers typical residential amenities. The property's value is grounded in its existing structure and location rather than an unusually large or developable lot.