Property Overview: 174 Clyde Road, East Elmwood
Key Characteristics, Appeal & Ideal Buyer
This two-storey home, built in 1967, presents a practical opportunity in Winnipeg’s East Elmwood neighborhood. Its key appeal lies in its relative newness for the area—it’s newer than 90% of homes in East Elmwood and ranks in the top 3% on its own street for year built. This suggests a potentially more modern construction than many nearby properties. With 1,152 sqft of living space, it offers a manageable size, sitting above the neighborhood average but below the average for similar homes on Clyde Road.
The home’s standout characteristic is its significantly below-average assessed value, which is lower than approximately 75-90% of comparable properties on its street, in the neighborhood, and citywide. This, combined with a standard lot size of 2,552 sqft, positions it as an accessible entry point. The basement is noted as unrenovated, indicating room for customization or future value addition.
This property would best suit first-time homebuyers or practical investors seeking a foothold in a mature neighborhood without a premium price tag. It’s for those who value a home’s foundational age and condition over size or a large yard, and who see potential in a property that offers a clean slate for personal updates over time.
Frequently Asked Questions
1. Why is the assessed value so much lower than the averages shown?
The assessed value is a municipal calculation for tax purposes and can be influenced by many factors, including specific home condition, precise location, and recent sales of comparable properties. A value significantly below area averages often indicates a valuation based on a more basic, unrenovated state.
2. What does the "newer" build year practically mean for a buyer?
While still a mature home, being built in 1967 versus the neighborhood average of 1953 could mean differences in foundational materials, wiring standards, or layout design. It may suggest fewer immediate concerns with very aged infrastructure common in some older Winnipeg homes.
3. Is the smaller lot size a major drawback?
It depends on your priorities. The lot is smaller than most in the area, which means less outdoor maintenance but also less private space. For buyers focused on the house itself and a simpler yard, it can be a reasonable trade-off for the location and price point.
4. The home last sold in 2017. What should I consider?
This indicates the current sellers have owned it for about seven years. It’s worthwhile to inquire about any updates made during that period, as even cosmetic improvements would have been done to a more recent standard than the original 1967 build.
5. How should I interpret the "above average" living area for the neighborhood?
While the home is physically larger than many in East Elmwood, it’s crucial to view the layout. In a two-storey of this size, efficient use of space is key. The ranking confirms you’re getting a reasonably sized home for the area, but the flow and room proportions will be the deciding factor.