Property Overview: 88 Glencairn Road, Winnipeg

Section 1: Key Characteristics & Appeal

This 1,150 sqft bungalow, built in 1994, presents a compelling case for value-focused buyers in Winnipeg's Riverbend neighborhood. Its primary appeal lies in a significant and less common asset: an exceptionally large lot. At 8,851 sqft, the property offers land space well above average for both its immediate street and the broader neighborhood, providing ample room for gardening, expansion, or simply enjoying private outdoor space—a feature that is increasingly rare in newer subdivisions.

The home itself is modest in size compared to others on Glencairn Road, ranking below the street average. This positions it as an efficient, manageable footprint, likely appealing to those seeking lower utility costs and easier maintenance without sacrificing location. With an assessed value of $431k, it sits at a midpoint for the area, suggesting a market price that reflects its balanced profile of a smaller home on a premium lot.

This property would best suit practical buyers who prioritize land over square footage. It’s an ideal match for first-time homeowners looking for a starter home with untapped outdoor potential, downsizers wanting a manageable interior with generous yard space, or long-term investors who recognize the inherent value in land, which is often more appreciating than the structure itself. It offers a foundation to grow into, both literally and figuratively.

Section 2: Frequently Asked Questions

1. Is the house too small for the neighborhood?
While the living area is below the average for Glencairn Road, it is squarely average for the wider Riverbend area and city. The data suggests you are purchasing a competitively priced, efficient home in a well-established area, with the trade-off of interior space being offset by the substantial lot size.

2. What does the sold price history indicate?
The home last sold between $300k-$350k in late 2017. The current assessed value of $431k reflects broader market appreciation over seven years. For an exact historical sold price, you can request a manual lookup via email from the site.

3. How does the large lot impact value and utility?
A lot of this size (over 50% larger than the street average) is a standout feature. It adds tangible value for privacy, recreation, and future possibilities like a large shed, garden, or even an addition (subject to zoning). It’s a long-term asset that differentiates this property from others with similar house sizes.

4. Is a 1994-built home considered modern or dated?
Built in 1994, this home is newer than the average Winnipeg house but slightly older than the average on its specific street. It likely benefits from modern construction standards (like 2x4 framing and updated electrical codes) but may still require updates to finishes, windows, or major systems like the roof or HVAC, which are nearing or past a typical 30-year lifespan.

5. How does the assessed value compare to likely market price?
The assessed value ($431k) is used for municipal tax calculation and is a benchmark. It is slightly above the neighborhood and city averages, reflecting the desirable lot. Market price can vary based on condition, updates, and market timing, but this assessment indicates a solid, mid-range valuation for the area.