Property Overview
This two-storey home on Clyde Road in East Elmwood is a standout property defined by generous space and a premium lot. Its key appeal lies in offering significantly more house and land than most homes in its immediate area and across Winnipeg. With 2,332 sqft of living space and a 7,266 sqft lot, it ranks in the top 5% of homes on its street for both metrics. The home features a renovated basement and a detached garage. Built in 1960, it is of a similar vintage to many area homes but offers a much larger footprint. The property would particularly suit buyers looking for established neighborhood character with room to grow, those who value ample private outdoor space, and savvy investors or homeowners who understand that its above-average lot and living area represent a稀缺 commodity in this market. It's a practical choice for a growing family or anyone for whom interior and exterior space is a higher priority than a newly built home.
Frequently Asked Questions
1. How does this home compare to others in East Elmwood?
It is exceptionally large for the neighborhood. With a living area of 2,332 sqft, it is in the top 1% of East Elmwood homes, where the average comparable home is about 1,065 sqft. Its lot size is also in the top 3% for the area.
2. What is the significance of the assessed value versus the last sale price?
The current assessed value is listed at $44.40k, which is elite for the street and neighborhood. However, it's crucial to note this is a tax assessment value, not a market value. The last recorded sale was in August 2019 for $38.30k. Market value is determined by current conditions and would be established through a professional appraisal and recent comparable sales.
3. Is the renovated basement included in the living area square footage?
Typically, finished basement space is not included in the official living area (above-grade square footage) calculations for listings or assessments. The 2,332 sqft figure likely refers to the above-grade space, with the renovated basement providing additional, valuable living space.
4. What are the less obvious advantages of a property like this?
Beyond the clear space advantages, a home that ranks so highly for lot and living area within its established neighborhood often has stronger long-term value retention. It offers redevelopment potential (like additions) that smaller lots nearby do not. Additionally, being on a street where this home is a size leader can contribute to a sense of privacy and prominence.
5. Who might this property not suit?
It may not be ideal for buyers seeking a modern, low-maintenance build from this century, or for those with a strict budget that cannot accommodate the utility and upkeep costs of a larger, older home. It's also likely priced at a premium relative to the neighborhood's typical smaller homes, targeting a specific buyer looking for space over newness.