Property Overview
This two-storey home on Manhattan Avenue in East Elmwood presents a compelling mix of space, value, and established neighborhood character. Its primary appeal lies in its generous living area, which is notably larger than most comparable homes on its street, in the area, and across Winnipeg. With 1,904 sqft of living space and a renovated basement, it offers ample room for a growing family or those who value spacious interiors. The home is well-situated within a mature community, built in 1960, making it newer than many of its immediate neighbors. While the lot size is more modest compared to the city-wide average, it aligns with the local neighborhood standard, offering manageable outdoor space.
This property would suit practical buyers looking for above-average interior space without a premium price tag, as reflected in its assessed value. It’s ideal for those who prioritize a renovated, move-in-ready basement over features like a garage or pool. A thoughtful perspective is that this home represents a "value anchor" in its micro-market—it outperforms its direct peers in key metrics like size and value, suggesting a solid investment within the established East Elmwood community. It’s a strong choice for buyers seeking more house for their dollar in a no-fuss, residential setting.
Frequently Asked Questions
1. How does this home's size truly compare to others?
The living area is a standout feature. It ranks in the top 6% on its own street and the top 9% in East Elmwood, meaning it is significantly larger than the vast majority of similar local homes.
2. What does the assessed value indicate?
The assessed value is above average for both the street and East Elmwood, but aligns closer to the city-wide average. This suggests the property is valued appropriately within its broader market while still holding a premium position in its immediate locale.
3. Is the lot size a drawback?
The land area is typical for East Elmwood but below the Winnipeg city average. This translates to less yard maintenance but also less private outdoor space, which is a worthwhile trade-off for many buyers in this area.
4. What is the significance of the home being built in 1960?
Built in 1960, the home is newer than many on its block and in the neighborhood. This can imply potentially newer core components (like plumbing or electrical) compared to homes built in the early 1950s, which is common in the area.
5. How have past sales performed?
Previous sales in 2017 and 2022 show consistent price growth, with both transactions occurring above the average sale price for comparable properties at those times, indicating sustained marketability and value.