165 Clyde Road

Property Overview

This two-storey home at 165 Clyde Road in Winnipeg's East Elmwood neighborhood presents a solid, spacious option in a well-established area. Built in 1962, it sits on a generous 5,592 sqft lot and offers 2,160 sqft of living space, which is notably above average for both the immediate street and the wider neighborhood. The property features a detached garage and a basement that is noted as being unrenovated. Its assessed value is consistent with averages on its street and across the city, but ranks above average within East Elmwood itself, suggesting it represents good value within this specific community. A key piece of context is its sale in July 2020 for $352,000.

Key Characteristics & Appeal

The primary appeal of this home lies in its space and established location. With living area rankings in the top 5% for East Elmwood and top 26% for Clyde Road itself, it offers significantly more interior room than most local comparables. This makes it ideal for growing families, multi-generational households, or anyone seeking ample living space without a premium price tag. The large lot provides room for gardening, play, or future expansion.

Its value is grounded in practicality rather than luxury. The unrenovated basement presents a clear project, appealing to buyers looking to customize and add value according to their own taste and budget. The home suits a buyer who prioritizes square footage and lot size over turn-key finishes—a practical planner who sees potential. It’s a property for those seeking a established neighborhood feel where the house itself offers a canvas, not a completed masterpiece.

Frequently Asked Questions

1. What does "above average for the neighborhood" really mean for this house?
Specifically, it means the home's living space is larger than 95% of homes in East Elmwood. You are getting more interior room than the vast majority of properties in this area, which is its most standout feature.

2. The basement is noted as "not renovated." What should I expect?
You should budget for and anticipate a project. It likely has functional utilities but lacks finished living space. This is a key cost factor but also an opportunity to add personalized value.

3. How does the 2020 sale price relate to today's assessed value?
The home sold for $352,000 in mid-2020. Its current assessed value is $402,000. This difference reflects market changes over four years and is a critical point of comparison for determining the current asking price and market value.

4. Is the lot size typical?
At 5,592 sqft, the lot is above average for both Clyde Road and East Elmwood, offering more outdoor space than most nearby properties. However, it is slightly smaller than the city-wide average lot.

5. What type of neighborhood is East Elmwood?
The data suggests a stable, established area with homes primarily from the mid-20th century. The fact that this property ranks highly on size and value within the neighborhood indicates it is among the more substantial homes in this community.