Property Overview
This two-storey home at 327 Milford Street in East Elmwood presents a compelling blend of space, location, and value. With over 2,000 square feet of living area and a renovated basement, it offers ample room for a growing family or those who appreciate dedicated space for work, hobbies, or guests. Its appeal is rooted in its above-average lot size for the neighbourhood, providing a generous outdoor area in a well-established community. The home’s assessed value positions it as an elite property within East Elmwood itself, suggesting a strong standing in this specific market.
The property would suit buyers looking for a move-in ready home with modernized basics in a mature neighbourhood, without the premium price tag of newer developments. It’s particularly well-matched for first-time buyers seeking more space than a typical starter home, or for downsizers who still want room for family visits but prefer the manageable scale of a classic two-storey. A thoughtful perspective is that its "around average" metrics on its own street indicate it fits seamlessly into a stable, consistent block, which can be a sign of a settled community with less variance in upkeep and values.
Frequently Asked Questions
1. How does the home’s size compare to the area?
At 2,072 sqft, the living space is significantly above average for both the East Elmwood neighbourhood and the city of Winnipeg as a whole, placing it in the top 7% and 9% respectively. On its own street, it is comfortably above the average for comparable homes.
2. What is the significance of the assessed value?
The $410,000 assessment is in the top 5% for East Elmwood, which is notable. However, it’s around average city-wide and on its own street. This suggests the home is a high-caliber property within its immediate neighbourhood context.
3. Is the lot size a notable feature?
Yes. The 5,600 sqft lot is above average for both Milford Street and the East Elmwood area, offering more private outdoor space than many neighbouring properties. City-wide, the lot size is around the median.
4. When was the home built, and what does that imply?
Built in 1960, the home is newer than many on its street and in East Elmwood. This often means potentially fewer immediate major repairs (like roof or furnace replacements) compared to older homes, though all systems should still be professionally inspected.
5. Was the basement renovation permitted?
The listing notes a renovated basement, but it is crucial to verify that all renovations were completed with the necessary permits and inspections. Your real estate agent can help inquire about this, and it should be a key point for a home inspector to review.