Property Overview: 94 Dunraven Avenue, Winnipeg

Section 1: Key Characteristics & Appeal

This one-and-a-half storey home in Glenwood is a classic, no-frills property built in 1919. Its key characteristic is its position as a modest, entry-level home in a well-established neighborhood. With 810 sqft of living space and an unrenovated basement, it offers functional basics rather than modern luxury. There is no garage, and the lot is a compact 3,846 sqft.

The appeal lies in its affordability and potential. The assessed value is notably low for the area, presenting a lower barrier to entry into the Glenwood community. It suits a specific type of buyer: first-time purchasers, investors, or handy individuals looking for a straightforward project. Its smaller scale means lower utility costs and less maintenance, which can be a thoughtful advantage. For the right buyer, its value isn't in what it is now, but in what it could become with updates, all while building equity in a mature neighborhood. It’s a practical choice over a prestige address.

Section 2: Frequently Asked Questions

1. Is this a "tear-down" or a liveable home?
Based on the data, it is a standing, functional house with a recent sale history, not a vacant lot. It is likely liveable but may require updates or repairs, especially given the unrenovated basement and age of the property.

2. Why is the assessed value so much lower than nearby homes?
The home's smaller size, age, lack of renovation, and compact lot size all contribute to a lower municipal assessment compared to larger, updated properties in Glenwood. This is reflected in its rankings, placing it in the lower percentiles for value on its street and in the neighborhood.

3. What are the real costs beyond the purchase price?
Prospective buyers should budget for potential updates to older mechanical systems (like plumbing or wiring common in a 1919 home), possible insulation improvements, and any desired cosmetic renovations. The unrenovated basement may also present moisture-proofing or finishing costs.

4. How does the lot size impact future plans?
At 3,846 sqft, the lot is smaller than the average for the street. This may limit possibilities for large additions, detached garages, or extensive outdoor living spaces. Checking local zoning bylaws for setback requirements and permissible structure sizes would be an essential early step.

5. Where can I find the exact historical sale prices?
The listing service notes that exact sold prices are provided upon request via email. The public data shows a sold price range of $19.50k ~ $22.50k for July 2019, but for precise figures, you must contact them directly.