Property Overview
1060 Talbot Avenue is a compact, one-storey home in Winnipeg's East Elmwood neighborhood. Built in 1955, its key appeal lies in its efficient, renovated basement and its position as a relatively modern home on its street. With 768 sqft of living space, it is notably smaller than average for the city, but sits on a standard 4,170 sqft lot. The home last sold in August 2023 for $300,000. Its assessed value is modest compared to the citywide average, but is typical for the immediate area.
This property suits first-time buyers or downsizers seeking a manageable, low-maintenance footprint without a major renovation project. Its appeal is grounded in practicality: it's a turn-key home on a decent lot in an established neighborhood. A less obvious perspective is that its smaller size and average lot could represent a lower total cost of ownership (taxes, utilities, upkeep) compared to larger homes in the area, offering a different kind of value for the right buyer.
Frequently Asked Questions
1. Is the house particularly small?
Yes. At 768 sqft, the living area is below average for East Elmwood and significantly smaller than the Winnipeg average. This indicates an efficient, compact layout best suited for individuals, couples, or small families.
2. How does the 2023 sale price relate to its assessed value?
The sale price of $300,000 is substantially higher than its $24,100 assessed value. This is not unusual, as municipal assessed values for tax purposes often lag behind and are calculated differently than current market values. The sale price is the more relevant indicator of its recent market worth.
3. What does "above average year built" for the street mean?
Built in 1955, this home is newer than most on Talbot Avenue, where the average build year is 1943. This could suggest potentially fewer issues with outdated materials or systems compared to some neighbors, though a full inspection is always recommended.
4. Is the lot size a pro or a con?
The 4,170 sqft lot is standard for East Elmwood. It provides adequate outdoor space for gardening or recreation without the extensive maintenance of a much larger yard. It's a balanced feature, not a standout luxury but also not a constraint for most buyers.
5. Who might this home not suit?
It would likely not suit buyers looking for ample room to grow, those who need multiple dedicated workspaces or bedrooms, or anyone prioritizing a large garage or expansive outdoor area. Its strengths are in efficiency and manageability, not in spaciousness.