Property Overview

This one-storey home at 65 Stranmillis Avenue in Glenwood is a compact, character property built in 1922. With 780 square feet of living space and a renovated basement, it sits on a modest 2,547 sqft lot and features a detached garage. Its assessed value is $260,000. The home’s metrics consistently place it below the average for size, value, and land area when compared to its immediate street, neighbourhood, and the wider city, indicating it is a more modest offering in its markets.

Key Characteristics & Appeal

The primary appeal of this home lies in its efficiency and potential as an affordable entry point into the Winnipeg market. It suits first-time buyers, downsizers, or investors looking for a manageable property with foundational updates, like the renovated basement. Its smaller scale means lower utility and maintenance costs, a practical advantage. A thoughtful perspective is its location on a street with homes of varying sizes and values; it offers a chance to own in an established area without the premium price tag of a larger, modernized home. The detached garage adds valuable storage or workshop space not always found with homes of this size. It’s best suited for those who prioritize location and practicality over square footage, and who are comfortable with the realities of an older home.

Frequently Asked Questions

1. How does the assessed value relate to the likely selling price?
The assessed value of $260k is for municipal tax purposes. The actual selling price is determined by the market, influenced by condition, recent sales, and demand. Historical sold price data for the area can provide a better guide.

2. What are the considerations with a home built in 1922?
While the renovated basement is a positive, a home of this age may require attention to original components like wiring, plumbing, windows, and insulation. A thorough home inspection is essential to understand the true condition and potential future costs.

3. The lot seems smaller than others. Is there room for expansion?
The lot is under 2,550 sqft, which is smaller than many in the city. While this limits large additions or pool installation, it minimizes yard maintenance. Any expansion plans would need to carefully comply with zoning bylaws regarding setbacks and lot coverage.

4. The living area is below average. How is the layout?
At 780 sqft above grade, the space is compact. The functionality will heavily depend on the floor plan’s efficiency. The renovated basement likely provides crucial additional living or storage space, effectively increasing the usable area.

5. What is the neighbourhood of Glenwood like?
Glenwood is an established, mature neighbourhood in Winnipeg. The specific character can vary by street. Researching local amenities, traffic patterns, and the mix of property types on Stranmillis Avenue itself will give the best sense of the immediate environment.