Property Overview: 585 Elm Street, Central River Heights
Section 1: Key Characteristics & Appeal
This well-situated two-storey home on a generous 5,769 sqft lot offers a classic Central River Heights foundation with clear modern updates. Its key features include a renovated basement and a detached garage. Built in 1951, the house is newer than many on its street and in the wider neighbourhood, suggesting potentially fewer concerns with aging infrastructure. With 1,698 sqft of living space, it provides above-average roominess for both the Central River Heights area and Winnipeg overall.
The primary appeal lies in its balanced position within a desirable neighbourhood. It’s not the largest or newest home, but it sits comfortably above average in several key metrics for the area, offering a solid value proposition. The renovated basement adds immediate functional space without the need for a project. This property would suit a buyer looking for a move-in-ready character home in a prime location, who values a large lot and appreciates a house that compares favourably in size and age to its local peers without being at the very top of the market.
A thoughtful perspective: The home’s assessed value is notably lower than its 2016 sale price, which may indicate room for equity growth as updates are recognized or simply reflect a conservative tax assessment—a point for discussion with a real estate professional.
Section 2: Frequently Asked Questions
1. How does the lot size compare to others?
The lot of 5,769 sqft is above average for Elm Street specifically (top 27%) and about average for the broader Central River Heights area, offering good outdoor space for the neighbourhood.
2. Has the home been updated since it was built in 1951?
Yes, the basement has been renovated, providing modernized living space. The condition of other major systems (roof, wiring, plumbing) should be verified during an inspection.
3. Is the sale price history typical for the area?
The home sold for $360,000 in 2016, which was a top-tier price for Elm Street at that time. The current assessed value for taxes is significantly lower, a common discrepancy that does not necessarily predict market value.
4. Who might this home not suit?
Buyers seeking a brand-new build or the absolute largest home on the block may find it dated in some original aspects. Those requiring an attached garage or a swimming pool should look elsewhere.
5. How does the living space feel for a family?
At 1,698 sqft, it offers above-average space for both the neighbourhood and the city. The two-storey layout and renovated basement likely provide good separation of living and sleeping areas, suitable for a growing family.