Property Overview
This one-storey home on a large lot in East Elmwood presents a practical and value-oriented opportunity. Its key appeal lies in a balance of space, recent updates, and a location that offers relative affordability within Winnipeg. The home features 1,058 sqft of living space, a renovated basement, and a detached garage. Notably, it sits on a 5,324 sqft lot, which is significantly larger than many in the immediate area, offering ample outdoor space and potential. Built in 1956, the house is newer than many on its street, and its assessed value sits above average for the neighbourhood, suggesting it is well-positioned within the local market.
The property would suit first-time buyers seeking a manageable single-level layout with a move-in-ready basement, or investors looking for a solid rental in a stable community. Its generous lot is a standout feature for those who value private outdoor space for gardening, play, or future expansion—a perk that can be harder to find at this price point. While the living area is modest by city-wide averages, its efficient layout and updated basement provide functional space without the upkeep of a larger property.
Frequently Asked Questions
1. How does the lot size compare to nearby properties?
The lot of 5,324 sqft is notably larger than the average for both Talbot Avenue and the wider East Elmwood area, placing it in the top 15% locally. This is one of the property's defining characteristics.
2. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the scope. A buyer should inquire about the finishes, permits, and whether it includes a separate entrance or additional bedrooms.
3. The assessed value seems low compared to the city-wide average. Why?
Assessed value is for municipal tax purposes and is not market value. This assessment is above average for East Elmwood, reflecting the local market. The city-wide average is skewed by higher-value homes in more affluent neighbourhoods.
4. Is the detached garage insulated or heated?
This detail is not provided in the available data. The condition, size, and amenities of the detached garage would be important questions for a viewing.
5. The home sold in July 2021. What might that indicate?
The previous sale was relatively recent. This could suggest motivated sellers (like relocation) or, conversely, a quick turnover that warrants understanding the seller's reason for moving. It also provides a clear recent price benchmark.