Property Overview: 1068 Talbot Avenue, East Elmwood
Section 1: Key Characteristics & Appeal
This one-storey home on a standard-sized lot presents a practical and straightforward opportunity in Winnipeg's East Elmwood neighborhood. Its key appeal lies in its relative modernity for the area—built in 1955, it is newer than many immediate neighbors—and its renovated basement, which adds functional living space. With 793 sqft of living area, the house is compact, positioning it as one of the smaller homes on its street and in the wider city. This scale translates to manageable maintenance and lower utility costs.
The property would suit first-time buyers seeking an entry point into the market, practical downsizers looking for a single-level layout without a large footprint, or investors interested in a rental property with a modernized basement suite. Its assessed value is average for East Elmwood, suggesting it is priced in line with neighborhood expectations rather than standing out as a premium or fixer-upper opportunity. A thoughtful perspective is that while the home is smaller than average, its newer construction date (for the area) and renovated basement may offer better immediate livability and efficiency compared to older, larger homes nearby that could require more updates.
Section 2: Frequently Asked Questions
1. Is the house particularly small?
Yes. At 793 sqft, the living area is below the average for Talbot Avenue, East Elmwood, and Winnipeg as a whole. This indicates a compact, efficient layout.
2. What does "renovated basement" imply?
The listing confirms the basement has been renovated, but the specific scope, quality, and whether it includes a legal suite or additional bedrooms should be verified through a viewing and inspection.
3. How does the year built affect the home?
Built in 1955, this home is newer than many on its street (ranking in the top 18%). This can be an advantage, potentially meaning updates to original building materials and systems compared to much older homes in the area.
4. What is the lot like?
The land area is approximately 4,170 sqft, which is typical for Talbot Avenue and East Elmwood. It provides a standard urban yard space.
5. How does its value compare?
The assessed value is around the neighborhood average. This suggests the property is not an outlier as a bargain or overly priced compared to similar East Elmwood homes, but it is below the citywide average, reflecting its smaller size and location.