Property Overview

86 Bank Avenue is a compact, one-storey home in Winnipeg's Glenwood neighborhood. Built in 1927, its 770 sqft of living space sits on a roughly 5,000 sqft lot, with a detached garage and a renovated basement. The home presents a practical, no-frills opportunity in a mature area.

Key Characteristics & Appeal

This property's primary appeal lies in its modesty and potential. The living space is smaller than average for both the neighborhood and the city, positioning it as an affordable entry point into the Winnipeg market. Its renovated basement adds functional space, a valuable upgrade in a home of this vintage. The lot size is generous for the street and area, offering outdoor space or future expansion potential that many similarly priced properties lack.

It would suit first-time buyers, downsizers, or investors seeking a straightforward, lower-maintenance property. Its assessed value is consistently around the average for its immediate vicinity, suggesting it's priced in line with the local market rather than being an outlier. A thoughtful perspective is that this home offers the character and established setting of an older neighborhood without the premium often attached to fully updated, larger historic homes. It’s a canvas for gradual improvement or a simple, long-term hold.

Frequently Asked Questions

1. Is the house in good condition for its age?
While specific inspection details aren't provided here, the listing notes a renovated basement, which is a positive sign of upkeep. As with any home nearly 100 years old, a professional inspection is essential to understand the condition of major systems, the foundation, and the roof.

2. How does the smaller living area impact value?
The 770 sqft size is below average, which is reflected in its below-average citywide assessed value. This typically translates to a lower purchase price, making it accessible. Value is maintained by the desirable lot size and the basement renovation, which effectively adds usable space.

3. What is the neighborhood like?
Glenwood is a mature, established neighborhood. The data shows homes on Bank Avenue and in Glenwood are of similar vintage and value, indicating a consistent, stable streetscape without extreme highs or lows.

4. Why is there a range for the past sold price instead of an exact figure?
Exact sold prices are not always publicly available in all jurisdictions. The provided range is based on public data estimates. You can request the precise historical sale price directly from the listing service via the provided email option.

5. Who would this property not suit?
It may not be ideal for buyers needing significant move-in-ready space or modern, open-concept layouts. The smaller main floor area and the home's age mean it likely requires a buyer comfortable with the layout of a classic one-storey home and potential future updates.