Property Overview
This 1910 two-and-a-half storey home on Elgin Avenue in Winnipeg's Centennial neighbourhood presents a distinct blend of historic character and practical space. Its primary appeal lies in its generous 2,012 sqft of living area, which ranks in the top 4% of homes on its street and well above averages for the neighbourhood and city. This offers significant interior space relative to many area properties. The home sits on a standard 3,203 sqft lot and features a detached garage and a renovated basement. While the assessed value is modest compared to the citywide average, it aligns with local norms for the street and area.
The property would suit a buyer looking for a spacious, classic home in an established neighbourhood without a premium price tag. It's ideal for those who value interior square footage over a large yard or a newer build, and for handy owners comfortable with the ongoing care a 116-year-old home requires. A thoughtful perspective is that this home offers "above-average space at a below-average city price," representing a specific value proposition for the right purchaser.
Key Questions & Considerations
1. What does the "renovated basement" entail?
Given the home's age, it's important to clarify the scope, quality, and permits for the basement renovation, as well as its ceiling height and intended use (e.g., living space, laundry, storage).
2. How does the assessed value relate to the expected sale price?
The home last sold for $180k in 2019, close to its current assessed value. Buyers should investigate recent sales of similar-sized homes in Centennial, as the above-average living area could influence market price independently of the assessment.
3. What are the implications of the home's age for utilities and maintenance?
A home built in 1910 will likely have older wiring, plumbing, and insulation. Budgeting for potential updates and obtaining a thorough inspection are crucial. The heating system, windows, and roof should be key focus areas.
4. Is the living space configured efficiently?
While the total square footage is high, the layout across two-and-a-half storeys may involve more stairs and segmented rooms than a modern open-concept design. Considering how the space flows for daily life is important.
5. How does the property balance space and lot size?
The lot is average for the area but small citywide. This means ample indoor space but limited private outdoor space, which suits those prioritizing interior living area over extensive gardening or yard use.