Property Summary: 597 Elm Street, Winnipeg
Key Characteristics & Appeal
This one-and-a-half storey home on a generous 5,423 sqft lot in Central River Heights presents a compelling blend of established neighbourhood charm and practical updates. Its key appeal lies in its balance: it offers a renovated basement and a detached garage on a lot size that is above average for the immediate street, providing valuable outdoor space and potential. Built in 1951, it is a newer construction compared to many homes on Elm Street itself.
The living area of 1,449 sqft is notably spacious for the Central River Heights neighbourhood, suggesting a comfortable interior footprint relative to many area homes. The 2021 sale price indicates strong market interest. This property would suit first-time buyers or downsizers seeking a move-in-ready home with a low-maintenance yard in a central, mature neighbourhood. It also appeals to value-conscious buyers looking for a solid foundation in a desirable area, where the renovated basement and lot size offer immediate utility and future flexibility.
Frequently Asked Questions
1. How does the lot size compare to others in the area?
The lot is 5,423 sqft, which is larger than the average for both Elm Street and the broader Central River Heights neighbourhood, offering more private outdoor space than many comparable properties.
2. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the scope. This would be a key detail to clarify with the seller or listing agent regarding the finish, layout, and permitted uses.
3. Is the assessed value a good indicator of the likely sale price?
No, the municipal assessed value for taxation ($41.80K) is typically much lower than market value. The 2021 sale price of $360K is a more relevant benchmark, though current market conditions will determine the new price.
4. The home is described as "one-and-a-half storey." What does that mean?
This style typically features a main floor with principal rooms and a second floor under sloping rooflines, often creating cozy bedrooms with character. It is a common and desirable architectural style in many of Winnipeg's established neighbourhoods.
5. How does the living space compare to newer homes?
At 1,449 sqft, the living area is above average for Central River Heights. While it may be below the average for houses specifically on Elm Street (which may have more large, two-storey homes), it provides ample space for a household and is actually larger than the average Winnipeg home.