Property Overview
This two-storey home on Elm Street in Central River Heights presents a balanced offering in a sought-after Winnipeg neighbourhood. Its key appeal lies in its above-average living space and a recently renovated basement, set on a standard-sized lot. Built in 1950, the home is older than many in the immediate area but offers more interior square footage than most comparable homes in the wider neighbourhood and city. The detached garage and lack of a pool are typical for the area.
The home’s assessed value ranks well above average for Central River Heights, suggesting it is considered a solid asset within the community. A significant price appreciation is evident between its 2017 and 2022 sales. This property would suit buyers looking for a character home with updated fundamentals in a mature, established neighbourhood. It’s particularly well-matched for those who value more interior space over a newer build date or an exceptionally large yard, and for owner-occupants who appreciate the stability and convenience of the River Heights location.
Frequently Asked Questions
How does the lot size compare to others?
At just over 5,300 sqft, the land area is very close to the average for both Elm Street and the Central River Heights neighbourhood. It provides a standard urban yard for the area.
Is the home newer or older than its neighbours?
Built in 1950, the home is newer than the average house on Elm Street but is actually older than the average for the broader Central River Heights area. This is a classic post-war character home.
What does the "above average" assessed value indicate?
The assessed value places in the top 6% for the neighbourhood, meaning it is officially valued higher than 94% of comparable homes in Central River Heights. This often reflects the home’s condition, improvements (like the renovated basement), and desirable location.
How much has the property value changed?
The home sold for $42,500 in 2017 and then for $560,000 in 2022. This significant increase reflects broader market trends and likely the value of renovations completed during that period.
How does the living space compare?
With 1,712 sqft of living area, this home is notably larger than the average for both Central River Heights and Winnipeg overall. This is one of its standout features, offering more room than many similar properties.