Property Summary: 162 Imperial Avenue, Winnipeg

Section 1: Key Characteristics & Appeal

This bi-level home at 162 Imperial Avenue in Glenwood presents a practical and updated living space. Its key characteristic is a well-renovated basement, adding valuable finished square footage to the 1,030 sqft main living area. The home is newer than most in its immediate area, built in 1988, which can suggest modern building standards and potentially lower immediate maintenance needs compared to much older stock. It features a detached garage and sits on a standard city lot.

The appeal lies in its position as a solid, move-in ready property within a mature neighbourhood. The renovated basement offers immediate utility as a family room, home office, or additional bedrooms. While the lot size is slightly below average for the street and area, this can translate to less yard upkeep—a plus for busy professionals or those seeking a low-maintenance outdoor space. The assessed value ranks above average for both the street and Glenwood, indicating official recognition of its condition and updates relative to its peers.

This property would suit first-time homebuyers looking for a turn-key home without the quirks of a century-old property, or downsizers seeking a manageable, single-level layout (with the basement offering extra space for guests or hobbies). It’s a pragmatic choice for those who value modernized interiors and functional space over a large yard.

Section 2: Frequently Asked Questions

1. How does the "above average" assessed value affect property taxes?
A higher assessed value relative to neighbouring homes typically leads to proportionally higher property taxes, as taxes are based on this assessment. It’s a reflection of the home’s perceived market value and renovations.

2. What are the implications of the home being newer than most on the street?
While often positive for systems like wiring and plumbing, it’s worth investigating if the home’s architectural style or materials differ significantly from the neighbourhood’s older character. This can sometimes affect resale appeal, though the practical benefits of a newer build are usually paramount.

3. The lot size is noted as below average. How significant is this?
At 3,565 sqft, the lot is perfectly functional for a patio, garden, or play area but offers less privacy or expansion potential than larger lots on the street. For buyers who prioritize indoor space and low yard maintenance, this is a reasonable trade-off.

4. What can the past sold price range (2020: $27.5k-$30.5k) tell me?
This historical data shows the home’s market value from five years ago. Comparing it to the current assessed value of $34.30k provides a rough gauge of market appreciation in the area, though a current professional appraisal is essential for today’s value.

5. The basement is renovated. What should I verify?
Always confirm that any renovations, especially in a basement involving plumbing, electrical, or structural changes, were completed with the proper permits and inspections. This ensures the work meets building codes and won’t cause issues later.