Property Overview: 148 Bank Avenue, Winnipeg

Section 1: Key Characteristics & Appeal

This one-and-a-half storey home in Glenwood is a solid, above-average offering within its immediate neighborhood. Built in 1952, it features 1,062 sqft of living space, which is notably larger than many comparable homes on Bank Avenue. Its appeal is rooted in its practical updates and strong local standing. The home boasts a renovated basement and a detached garage, adding functional value. With an assessed value of $350k, it ranks in the top 25% for the Glenwood area, suggesting it is a well-regarded property relative to its peers.

The property would suit buyers looking for a move-in-ready home in an established neighborhood without requiring major immediate work. It’s particularly appealing to first-time buyers or downsizers who prioritize a renovated basement for extra living space and value a larger-than-average lot (nearly 5,000 sqft) for the area. A thoughtful perspective is that this home represents a "known quantity" – its value metrics consistently outperform local averages, offering a sense of security and established equity in a neighborhood context, rather than just city-wide speculation.

Section 2: Frequently Asked Questions

1. How does the living space compare to nearby homes?
At 1,062 sqft, this home is above the average for both Bank Avenue (891 sqft avg.) and the wider Glenwood area (1,015 sqft avg.), offering more interior space than many direct comparables.

2. What does the assessed value ranking indicate?
An assessed value of $350k places this property in the top 14% on its street and top 25% in Glenwood. This generally indicates that the property is valued higher than most in its immediate vicinity, often reflecting factors like condition, improvements, or lot desirability.

3. Is the basement development a full suite?
The listing specifies a renovated basement, but does not detail if it is a legal suite with separate entrance/kitchen. This would be a key point to clarify with the seller or listing agent.

4. What is the typical lot size in the area?
The lot is 4,997 sqft, which is slightly larger than the Glenwood average (~4,466 sqft) and provides a decent outdoor space for a mature neighborhood.

5. How can I find out the exact historical sale prices?
The listed sale price ranges are based on public data. The site offers to provide the exact sold price history via a manual email service, with a noted sale occurring in August 2016.