Property Overview: 20 Carriere Avenue, Glenwood, Winnipeg

Section 1: Key Characteristics & Appeal

This is a compact, one-storey home built in 1944, situated on a notably large lot for the area. With 660 sqft of living space, the house itself is smaller than most in Glenwood, Winnipeg, and city-wide. However, its recently renovated basement adds functional space. A detached garage provides additional storage or workshop potential.

The primary appeal lies in its land. At over 6,000 sqft, the lot size ranks in the top 7% for both the street and the neighbourhood, offering rare outdoor space and future potential in a mature community. The assessed value is modest and around average for the immediate street, suggesting a relatively accessible entry point into the market.

This property would best suit a pragmatic first-time buyer, an investor, or a downsizer who prioritizes land size over interior square footage. It’s for someone who sees value in outdoor space for gardening, recreation, or future expansion, and is comfortable with a cozy, efficient floor plan. The renovated basement also makes it a candidate for someone needing a mortgage helper or separate living space for family.

Section 2: Frequently Asked Questions

1. Is the house too small?
At 660 sqft above grade, the living space is well below the neighbourhood and city averages. The renovated basement provides crucial additional area, but the main floor is compact. Buyers should be comfortable with efficient living or have a plan to utilize the basement fully.

2. Why is the assessed value so much lower than the city-wide average?
The city-wide average includes all property types and sizes across Winnipeg. This home’s assessed value is more meaningfully compared to its immediate area (Glenwood) and street, where it aligns more closely with local norms for smaller, older homes.

3. What can I do with such a large lot?
The expansive lot is the standout feature. It offers ample room for gardening, play, and outdoor living. Importantly, it may provide long-term potential for additions, a garage suite, or subdivision, subject to municipal zoning and approvals.

4. How does the recent sale history inform the price?
A nearby, similarly sized home at 12 Carriere Ave (588 sqft, $19.9k assessed) provides a lower benchmark, while the subject home’s own last sale in late 2021 was between $29.5k and $32.5k. This suggests values in the area can vary significantly based on condition and lot specifics.

5. What are the less obvious considerations?
While the lot is large, maintenance (lawn, snow) will be a corresponding responsibility. The home’s age (82 years) means diligent inspection of major systems is essential, despite the basement renovation. Finally, its value proposition is highly specific: you are investing significantly in land, with the house itself being a functional starting point.