Property Summary: 325 Culver Street, East Elmwood, Winnipeg
Section 1: Key Characteristics & Appeal
This two-storey home, built in 1960, presents a solid opportunity in Winnipeg's East Elmwood neighborhood. Its primary appeal lies in its strong standing within the immediate area. While the 1,672 sqft living area is modest for Culver Street itself, it is notably spacious compared to most East Elmwood homes, placing it in the top 11% locally. The property sits on a well-sized 5,366 sqft lot, which is above average for the neighborhood, offering good outdoor space.
A key feature is the renovated basement, adding functional living area. The detached garage provides flexible storage or workshop space. The home’s assessed value is a standout, ranking in the elite top 4% for East Elmwood, suggesting it is a higher-value property within this community.
This home would suit a buyer looking for a established, roomy house in a mature neighborhood without paying a premium for a downtown or newer suburban location. It’s ideal for someone who values above-average indoor and outdoor space for the area and appreciates a home that already has updates like a renovated basement. It may also attract value-conscious buyers who see the strong local assessment as a marker of stable investment within the community fabric.
Section 2: Frequently Asked Questions
1. How does the living space compare to nearby homes?
While it's below the average size for homes directly on Culver Street, this property is significantly larger than the typical East Elmwood home, offering more interior space than about 89% of houses in the neighborhood.
2. What does the "Elite" assessed value ranking mean for East Elmwood?
It means this home is assessed in the top 4% of all properties in East Elmwood. This typically indicates it is considered a higher-value asset within the neighborhood compared to its peers, which can be positive for equity, though property taxes may reflect this valuation.
3. Is the lot size a major feature?
Yes. At over 5,300 sqft, the lot is above average for both the street and the East Elmwood area, providing generous yard space that is less common in this part of the city.
4. The home was built in 1960. What should I consider?
Built during a period of solid construction, the home is newer than most in East Elmwood. Buyers should still have standard inspections for a home of this age, focusing on the roof, wiring, plumbing, and the foundation, but can also note that some updates (like the basement renovation) have already been made.
5. How stable has the property's value been?
Recent sale data shows very little price fluctuation between the 2019 and 2024 sales, suggesting a stable value history in the current market context.