Property Overview: 73 Essex Avenue, Winnipeg

Section 1: Key Characteristics & Appeal

This 2019-built bi-level home at 73 Essex Avenue in Glenwood offers modern construction in a mature neighborhood. Its key appeal lies in the balance between a newer, low-maintenance home and a relatively accessible price point, as reflected in its assessed value.

The 979 sqft living space is efficiently laid out and is notably above average for both Essex Avenue and the wider Glenwood area. A renovated basement adds functional space. The home’s standout characteristic is its age; built in 2019, it is significantly newer than most homes in its immediate vicinity, ranking in the top 10% locally. This suggests modern building standards, systems, and likely less immediate need for major repairs.

However, the property sits on a smaller lot (2,502 sqft), which is below average for the area. This translates to less yard space but also reduced outdoor maintenance.

This property would suit first-time buyers or downsizers seeking a modern, move-in-ready home without the premium of a brand-new build. It’s also a practical choice for value-conscious buyers who prioritize updated interiors and mechanical systems over a large yard. The above-average assessed value for the street and neighborhood indicates it is perceived as a premium property within its micro-market, which could be a factor for both appreciation potential and property taxes.

Section 2: Frequently Asked Questions

1. What does the assessed value tell me about this property?
At $41,600, the assessed value is well above the average for both Essex Avenue and Glenwood. This typically reflects the home’s modern build year and condition. Buyers should note this can influence property taxes and suggests the home is a higher-value asset within its immediate context.

2. How does the lot size impact living here?
The lot is smaller than most in Winnipeg and Glenwood. This means lower yard maintenance but limited private outdoor space. It’s a trade-off that prioritizes the home itself over land, which may appeal to those seeking a lock-and-leave lifestyle.

3. The home sold in 2019. What might that initial sale price indicate?
The 2019 sale price range ($32.5k - $35.5k) was close to its current assessed value. This suggests the assessed value has remained relatively stable, which can be a sign of steady market recognition rather than speculative fluctuation.

4. Is a bi-level with a renovated basement suitable for my needs?
The bi-level style typically offers good separation of living and sleeping areas. The renovated basement adds valuable finished space, which could serve as a family room, home office, or additional bedrooms, making the home feel larger than its square footage suggests.

5. Why is the "year built" ranking so much stronger than the "living area" ranking?
This highlights the neighborhood context. Glenwood is primarily comprised of older homes, so a 2019 build is a rarity. While the living space is comfortable and above the local average, the home’s modernity is its most distinctive feature compared to neighbors.