Property Overview: 78 Ellesmere Avenue, Winnipeg

Section 1: Key Characteristics & Appeal

This two-storey home in Glenwood is defined by its modern build date (2016) and above-average living space for its immediate area. Its key characteristics include a renovated basement, a detached garage, and a notably newer construction compared to most homes in the neighbourhood and citywide. The appeal lies in its "move-in ready" potential due to its age and updated basement, offering a low-maintenance start compared to older, character homes that may require more immediate investment.

The home suits first-time buyers or small families looking for a modern layout without the premium of a brand-new build. It also fits practical buyers who value efficient, updated space over a large lot, as the property sits on a smaller parcel of land relative to area averages. A thoughtful perspective is that this property represents a balance: you acquire a contemporary structure within an established community, gaining newer mechanical systems and design while integrating into a mature neighbourhood with settled amenities and greenery.

Section 2: Frequently Asked Questions

1. How does the smaller land area impact the property?
While the lot is smaller than many in Glenwood, it translates to less yard maintenance. This can be a benefit for those seeking a low-maintenance lifestyle, but it may limit options for large additions, pools, or extensive landscaping.

2. The assessed value seems low. Is that accurate?
The assessed value shown ($41.80k) is for municipal tax purposes and is not an indicator of market value. Market value is determined by recent sales of comparable homes, location, and condition. Always rely on a current market evaluation for buying or selling.

3. What does the sales history indicate?
The home sold previously in 2016 and 2023. The increase in sold price range between those dates shows appreciation. The fact it has changed hands twice in under ten years is not unusual for a newer build, often appealing to investors or owners with changing space needs.

4. Is the living space sufficient for a growing family?
At 1,306 sqft, it is above average for Glenwood and provides a practical footprint for a small family. The renovated basement offers potential for additional living or recreational space, effectively increasing usable area.

5. How does this home compare to others on the street?
The data indicates this home ranks highly on its own street for living area, assessed value, and year built. This suggests it is one of the larger, newer, and more valuable properties on Ellesmere Avenue, which may contribute to stability and appeal on the block.