Property Overview

This two-storey home at 48 Stranmillis Avenue in Winnipeg's Glenwood neighbourhood presents a specific and compelling profile. Built in 2022, it is a distinctly modern property within an established area. Its appeal lies in being a move-in ready, low-maintenance home that offers above-average interior space for its immediate locale, but with a smaller, more manageable lot. It suits buyers seeking a newer build without the premium of a brand-new subdivision, particularly first-time homeowners, downsizers, or investors looking for a modern rental property.

Key Characteristics & Suitability

The home’s standout feature is its age. Being built just four years ago places it in the top 1-3% of homes citywide and in Glenwood for newness, suggesting modern construction standards, energy efficiency, and minimal immediate repair needs. With 1,440 sqft of living space, it offers significantly more room than the average home on its street and in Glenwood, ranking in the top 6% and 11% respectively. This combination of new and spacious is rare in mature neighbourhoods.

However, this comes with a trade-off: the land area is compact at 2,558 sqft, which is below average for the area. This means minimal yard maintenance—a plus for some—but limited private outdoor space. There is no garage. The assessed value is above average for the street and neighbourhood, reflecting its modern build and size, but aligns closer to the city-wide average.

This property would best suit practical buyers who prioritize a modern, spacious interior over a large yard. It’s ideal for those who want the character of an established community like Glenwood without the older home upkeep. The compact lot is a thoughtful fit for busy professionals or downsizers who want outdoor space without the burden of extensive landscaping.

Frequently Asked Questions

1. Is this a good value for the neighbourhood?
The data suggests it offers a premium based on its newness and above-average living space for Glenwood. Its assessed value ranks higher than most nearby homes, so you are paying for the modern condition and size, not the lot.

2. What does the smaller land area mean for me?
It translates to very low yard maintenance, which is a benefit for many. However, it may limit expansion possibilities (like a large addition or garage) and offers less private outdoor space for gardening or recreation compared to neighbouring properties.

3. The home is new, but what about the basement?
The listing notes the basement exists but is "not renovated." This means it is likely unfinished or in a rough-in state, providing usable storage or future expansion potential, but not additional living space as-is.

4. How does no garage affect daily life?
You will be reliant on street parking. This is common in the area, but it's important to check for any parking restrictions on the street and consider winter parking bans.

5. The sold price history shows a range. What does that mean?
The listed range for the 2022 sale is an estimate based on public data. For the precise sale price, you must request it directly from the listing service via the provided email button. This is a common practice to ensure data accuracy before it becomes fully public record.