Property Overview: 59 Vivian Avenue, Winnipeg

Key Characteristics & Appeal

This bi-level home at 59 Vivian Avenue in Glenwood presents a practical and modern living option within a well-established neighborhood. Its key appeal lies in its relative newness, being built in 2011, which places it among the top 10-20% of newer homes in its immediate area and city-wide. This suggests updated building systems and potentially lower immediate maintenance needs compared to the neighborhood's older average stock. The home features a renovated basement and a detached garage.

With 950 sqft of living space, it is comfortably sized for the street and Glenwood area (ranking near the average), but is notably more compact than the Winnipeg city-wide average. The lot is modest at 2,552 sqft, which means lower yard upkeep. Recent sold price data and an assessed value that ranks above average for the street indicate a property that holds its value well in its local context.

This home would best suit first-time buyers, downsizers, or investors seeking a modern, low-maintenance property in a mature neighborhood. Its efficient size and newer construction offer a "lock-and-leave" ease, while its above-average assessment for the block could appeal to those mindful of value retention. It’s a solid choice for someone prioritizing a modern home in a convenient location over having a large yard or expansive square footage.

Frequently Asked Questions

1. What are the main advantages of this home's 2011 build year?
Beyond just being newer, it likely means more contemporary insulation, wiring, plumbing, and windows. This can translate to better energy efficiency and fewer major repair concerns in the short-to-medium term compared to the many older homes in Glenwood.

2. The lot size is noted as below average. How significant is this?
The lot is smaller than most in the area, which limits expansive gardening or large outdoor recreation space. However, this is a key feature for buyers seeking minimal yard work and lower maintenance, making it an efficient use of space.

3. How does the assessed value compare to recent sale prices?
The current assessed value is $35,400. The home sold recently in late 2024 for an estimated range of $34,500-$37,500, showing the assessment is in close alignment with the market, which indicates stable and transparent valuation.

4. Who might this property not be ideal for?
It may not suit buyers needing significant living space or multiple large bedrooms, given its bi-level layout and sub-1,000 sqft size. Families desiring a large backyard for play would also find the compact lot limiting.

5. What does the "above average" assessed value for the street indicate?
While the home's living area is average for Vivian Avenue, its assessed value ranks higher (top 22%). This often reflects the premium for its newer construction and renovated condition compared to neighboring, typically older homes, suggesting it is considered an improved asset on the block.