Property Overview
1000 Talbot Avenue is a well-maintained one-storey home in Winnipeg's East Elmwood neighbourhood. Built in 1955, it features 884 sqft of living space, a renovated basement, and a detached garage on a 4,411 sqft lot. Its most recent sale was in September 2022 for $270,000.
Key Characteristics & Appeal
This home presents a compelling opportunity for first-time buyers, downsizers, or investors seeking a solid, move-in-ready property without the premium of a newer build. Its core appeal lies in its balance of recent updates and established neighbourhood character. The renovated basement adds functional living space, while the detached garage and above-average lot size for the street offer valuable utility and potential for gardening or outdoor enjoyment.
Statistically, the property holds its value well within its immediate context. Its assessed value ranks above average for Talbot Avenue, suggesting it is a well-regarded home on its block. While its living space is modest by city-wide standards, it is competitive for East Elmwood, indicating you’re paying for location and land rather than square footage. A thoughtful perspective is that this home represents a "middle ground" investment: it’s newer than many on its street, avoiding some of the major renewal costs of much older homes, yet it’s established enough to be in a settled community with mature landscaping.
It would suit practical buyers who prioritize a clean, updated foundation in a quiet neighbourhood over expansive size or modern open-concept layouts. It’s also a sensible choice for those who see value in a property that already shows well against its direct neighbours, as the data indicates.
Frequently Asked Questions
1. Is the house small?
At 884 sqft, the living area is slightly below the average for the East Elmwood area but is typical for Talbot Avenue itself. The renovated basement effectively adds usable space, making the home feel larger than the main floor square footage suggests.
2. How does the 2022 sale price relate to its current value?
The $270,000 sale price from 2022 serves as a recent benchmark. Its assessed value is significantly lower, as is standard for property tax purposes, and does not reflect current market value. A current appraisal or comparative market analysis would be needed for today's value.
3. What does the above-average assessment value for the street mean?
This typically indicates that the property is in better condition, has more improvements, or is configured more desirably than many of its immediate neighbours. It can be a sign of good upkeep and relative value on the block.
4. Is a 71-year-old home a concern?
The year built (1955) is actually newer than the average home on Talbot Avenue. While all older homes require diligent maintenance, this one is from an era with modern foundations and wiring. The key points to investigate are the age of major systems (roof, furnace, plumbing) and the quality of the basement renovation.
5. How does the lot size compare?
The lot is 4,411 sqft, which is larger than average for both the street and East Elmwood. This provides more private outdoor space than many comparable properties, a valuable asset for families, pet owners, or anyone who enjoys gardening.