Property Summary

Key Characteristics & Buyer Profile

This is a lower-cost entry point into the Winnipeg market, with an assessed value of $153,000—well below the citywide average of $390,100 and the Glenwood neighbourhood average of $321,200. The property sits on a 2,448-square-foot lot, which is undersized compared to nearby homes, and the living area is also below typical standards for the area. Rankings place it in the bottom 1% on its street and within Glenwood, and bottom 3% citywide for both living area and assessed value.

The appeal here is straightforward: this is a budget-friendly option in a market where most homes are priced significantly higher. It will suit buyers who are prioritizing affordability over space or resale potential—first-time buyers with limited savings, investors looking for a low-cost rental or renovation project, or anyone willing to accept a smaller footprint in exchange for a lower mortgage. The lot size and age (below average for the area) suggest the property may need updates or does not have the same curb appeal as neighbouring homes. It is not a typical family home for buyers seeking room to grow, but it could work for someone who values location over square footage and is comfortable with a fixer-upper or a compact layout.

Five Possible FAQs

1. Why is the assessed value so much lower than the neighbourhood average?
Assessed value reflects the municipality’s estimate of market value for tax purposes, not the sale price. This property is smaller in both living area and lot size than most homes on Haig Avenue and in Glenwood, and it may be older or in less updated condition. The low value indicates it is likely one of the most affordable properties in the area.

2. Does the low ranking mean the property is in poor condition?
Not necessarily. Rankings compare size and value to other homes, not condition. A smaller, older home in good repair could still rank low. However, a bottom-tier position often correlates with deferred maintenance or a dated layout. A home inspection is recommended to assess actual condition.

3. Is this a good investment property?
It could be, given the low purchase price. The rental yield may be higher relative to cost than more expensive homes, but the smaller size and lot could limit tenant appeal or long-term appreciation. Check local rental demand and zoning rules before committing.

4. How does the lot size affect future use or resale?
At 2,448 square feet, the lot is small by Glenwood standards. This limits expansion options, such as adding a garage or an extension, and may deter buyers who want outdoor space. Resale will likely remain in a lower price bracket unless you improve the home itself significantly.

5. Should I be concerned about the “bottom 1%” ranking on the street?
It’s a data point, not a red flag. It simply means this property is the smallest or lowest-valued home on Haig Avenue. That can be an advantage if you’re buying at a discount, but it also means neighbours’ homes are worth more—so future resale comparables may cap your price ceiling.