Property Overview & Key Characteristics
1028 Talbot Avenue is a two-storey home in Winnipeg's East Elmwood neighborhood, built in 1955. With 960 square feet of living space, it sits comfortably within the average range for its immediate street and area, offering a manageable layout. A key feature is its renovated basement, adding functional living space, and the property includes a detached garage. The lot is a compact 3,006 sqft, which means lower maintenance but less private outdoor space compared to many area homes.
The appeal here is grounded in practicality and value. It represents an opportunity to own a solid, updated home in an established neighborhood without the premium price of a larger lot or a newer build. Its assessed value is notably below both area and city averages, which can be attractive for property tax considerations. This home would suit first-time buyers seeking a move-in-ready starter home with a basement suite potential (subject to regulations), or downsizers looking for a manageable property with the character of an older neighborhood but with some of the major renovation work already addressed.
A less obvious perspective is its relative modernity for the street—built in 1955, it's notably newer than many neighboring homes, potentially meaning fewer concerns associated with very old construction. However, the compact lot size suggests outdoor activities or extensive gardening will be limited, positioning this as more of a "home-centric" property.
Frequently Asked Questions
1. How does the home's size compare to the neighborhood?
At 960 sqft, the living area is very close to the average for both Talbot Avenue (997 sqft avg) and the wider East Elmwood area (1,065 sqft avg). It offers a standard layout for the community.
2. What is the significance of the assessed value being below average?
The assessed value of $21,200 is below the averages for the area and city. This typically translates to lower municipal property taxes, which is a key ongoing cost savings for the homeowner.
3. Is the lot size a drawback?
The 3,006 sqft lot is smaller than most in East Elmwood. This means less yard maintenance, but also less private outdoor space. It's a trade-off that favors simplicity over expansiveness.
4. The home was built in 1955. Is that older or newer for this street?
It's actually above average for Talbot Avenue, where the average home was built around 1943. This means the structure is over a decade newer than many of its immediate neighbors.
5. What do the past sale prices indicate?
The home sold for $200,000 in February 2021. Prior to that, it sold for $16,700 in February 2019. The significant increase reflects the strong market conditions of the time and substantial value added, likely through the basement renovation and general market appreciation.