Property Summary: 37 Essex Avenue, Winnipeg

Section 1: Key Characteristics & Appeal

This is a compact, one-storey home in Winnipeg's Glenwood neighbourhood, built in 1914. Its key characteristic is its modest scale, with a 750 sqft living area and a 2,499 sqft lot, both placing it well below average size for the street, area, and city. It features a basement (not renovated) and a detached garage. The home’s assessed value is notably low compared to surrounding properties.

Its primary appeal lies in its position as an entry-point property or a strategic investment. It suits buyers seeking minimal property tax liability, or those looking for a small, manageable footprint—perhaps downsizers or investors considering a hold-and-renovate or redevelopment opportunity given the lot size. The home offers a chance to get into the Glenwood area at a very accessible price point, with the understanding that it requires modernization. A less obvious perspective is that its below-average metrics across the board could represent a blank canvas, free from the premium often attached to recently updated or larger homes on the street, allowing for tailored improvements.

Section 2: Frequently Asked Questions

1. Why is the assessed value so much lower than nearby homes?
The assessed value reflects the home’s age, smaller size, and condition relative to other properties. With a living area and lot size below neighbourhood averages and an unrenovated basement, the current valuation is based on its existing state.

2. What does "basement, not renovated" typically mean?
This usually indicates the basement is in original or functional condition, but not modernized. It likely has foundational finishes (e.g., concrete floors, basic walls) and serves as utility and storage space rather than finished living area.

3. Is the lot large enough for an addition or redevelopment?
At 2,499 sqft, the lot is smaller than most in Glenwood but may still be suitable for certain expansions or a rebuild, subject to Winnipeg zoning bylaws and setback requirements. A review of specific lot dimensions and regulations would be necessary.

4. How recent is the sold price data shown?
The last recorded sale appears to be in January 2022, with a price range provided. For the exact historical sold price, a manual request via the provided email is required.

5. The home is over a century old. What should I consider?
While older homes possess character, key considerations include the condition of major systems (plumbing, electrical, roof, foundation) and the potential need for updates to meet modern efficiency and safety standards. An inspection is highly recommended.