Property Overview: 145 Clyde Road, East Elmwood, Winnipeg
Section 1: Key Characteristics & Appeal
This two-storey home, built in 1955, presents a solid opportunity in Winnipeg's East Elmwood neighborhood. Its primary appeal lies in its generous and above-average living space of 2,128 sqft, which ranks within the top 6% of homes in the immediate area. This makes it a notably spacious option for the neighborhood, ideal for growing families or those who value ample room. The property sits on a good-sized lot (4,948 sqft) and features a renovated basement, adding valuable finished living area.
The home suits buyers looking for a character home with room to grow, without the premium price tag of newer or top-tier suburban properties. Its assessed value is modest for the city, but the recent sale price suggests a competitive market recognized its value. A thoughtful perspective for buyers is that while it's the oldest home on its street, it offers more interior space than most area homes, representing a trade-off between vintage charm and practical square footage. It’s a fit for practical buyers who prioritize space and location over a modern build date, and who are comfortable with a home that may require updates consistent with its age.
Section 2: Frequently Asked Questions
1. How does the home’s size compare to others?
It is notably spacious for East Elmwood, with living area in the top 6% for the neighborhood. It is larger than the average home on its own street, in the area, and citywide.
2. What does the assessed value versus sale price indicate?
The home sold for significantly more ($444.80k in January 2025) than its assessed value ($344k). This typically indicates strong buyer demand and a market perception of value that exceeds the municipal assessment for this property.
3. Is the lot size a pro or con?
The lot is above average for East Elmwood, providing good outdoor space. Citywide, however, it is slightly below average. It’s a strong point for the local area but not an exceptionally large lot by broader Winnipeg standards.
4. The home is listed as the oldest on the street. Should I be concerned?
While it requires due diligence for age-related systems, its older build date on this street is balanced by its larger-than-average living area. It suggests a established, mature property on a street where homes were built over a span of several years.
5. Who would this property not suit?
It may not suit buyers seeking a modern, turn-key home without any projects, or those who prioritize a newer build date above interior space. The lack of a garage could also be a drawback for some.