Here is a clean, standalone summary of the property, written in a natural and grounded tone.

Property Overview

Key Characteristics & Buyer Profile

This is a compact 576 sqft home built in 1944, situated on a notably large 5,102 sqft lot in Winnipeg’s Glenwood neighborhood. The property’s strongest asset is its land size, which ranks in the top 10% on Imperial Avenue and the top 26% within the broader area. This is a classic “buy the lot, not the house” scenario. The home itself is among the smallest in every comparison—falling in the bottom 1% citywide for living space—and the assessed value of $253,000 reflects the modest structure more than the land underneath it.

The appeal here is raw potential. This property suits a buyer who is not looking for move-in ready living space but instead sees value in a below-market entry point into an established area. It would be a strong fit for someone willing to renovate or rebuild, or for an investor prioritizing land appreciation over immediate livability. The structure is older and small, so this is not a pick for someone needing comfortable square footage without significant work.

Possible FAQs

1. What makes this property different from other small homes on the market?
The real differentiator is the land-to-building ratio. Most small homes in this price range come with standard-sized city lots. This one has over 5,000 sqft of land, which is rare for this street and neighborhood. You are effectively buying a large plot with a small, outdated house on top.

2. Is the home livable as-is, or does it need major renovations?
The data does not describe the interior condition, but the stats are telling. At 576 sqft and with a construction year of 1944, the layout is likely compartmentalized and dated by modern standards. It is probably functional for someone with very modest needs, but most buyers would plan for at least a gut renovation or an expansion of the existing footprint.

3. How does the assessed value compare to other properties nearby?
The $253,000 valuation sits significantly below the surrounding averages—about $31,600 on this street and $32,100 in Glenwood. This makes it one of the more affordable entries into the neighborhood. Keep in mind that property taxes are based on this assessment, so the carrying costs are lower than for neighboring homes.

4. What are the risks of buying a home that ranks so low for living space?
The main risk is resale. When you are in the bottom 1% citywide for size, your buyer pool is very narrow. Many lenders also have minimum square footage requirements for standard mortgages. It can be harder to finance or sell later if the house remains this small. The value is really in the land, not the structure.

5. Would this property support an addition or a full teardown?
On paper, yes. The lot is substantial for this area, but you would need to check local zoning setbacks and building allowances specific to Glenwood. A 5,102 sqft lot typically offers room to expand the existing home or build new, but a site-specific survey and consultation with the city’s planning department would be necessary before committing to any major plans.