Property Summary: 92 Ellesmere Avenue, Winnipeg

Section 1: Key Characteristics & Appeal

This two-storey home in Glenwood stands out primarily for its new construction, having been built in 2024. Its key appeal lies in offering modern living in an established neighbourhood without the wait or uncertainties of a new build. The 1,458 sqft living area is notably spacious for the immediate area, ranking in the top 10% locally, and it features a renovated basement. The assessed value is consistently high relative to its street and neighbourhood, suggesting a premium for its condition and age.

However, the property presents a distinct trade-off: the lot size is significantly smaller than area norms. This positions the home as an efficient, lower-maintenance option where the value is squarely in the modern structure itself, not in expansive outdoor space. It would suit buyers seeking a turnkey, contemporary home who prioritize interior space and new systems over a large yard. It’s also a practical fit for those wanting to enter a mature neighbourhood like Glenwood but with minimal immediate upkeep or renovation projects.

Section 2: Frequently Asked Questions

1. Is the price justified given the small lot?
The price reflects the cost of a new, modern home. You are paying primarily for the building's condition, size, and new components (roof, HVAC, etc.), not for land. This is a value decision between a newer structure on a small lot versus an older, potentially smaller home on a larger lot in the same area.

2. What does the high assessed value indicate?
A consistently high assessment relative to neighbours typically signals that the municipal valuation recognizes the property's superior condition, modern amenities, and construction quality compared to older homes nearby. It often correlates with a higher market value.

3. Who might this property not suit?
It may not be ideal for buyers who envision extensive gardening, outdoor entertaining, or future additions like a large deck or garage, as the compact lot limits these possibilities. Those seeking traditional, character-filled older homes would also look elsewhere.

4. The home sold recently in 2024. What should I consider?
As a nearly new build, it likely still carries the original builder warranties, which is a significant benefit. Ensure you understand what remains transferable. Also, investigate why it’s being resold so quickly to rule out any location or build-quality concerns.

5. How does the living area compare usefully?
While the living space is generous for Glenwood, it is closer to the city-wide average. This means you get more house than most local neighbours, but it’s a fairly standard size compared to Winnipeg overall. The value is in getting that space in a brand-new condition within an older community.