Property Overview: 415 Kent Road, East Elmwood
Section 1: Key Characteristics & Appeal
This is a classic one-storey home built in 1955, offering 919 sqft of living space on a solid 4,917 sqft lot. Its key appeal lies in its position as a practical and affordable entry point into the Winnipeg market. The home presents a straightforward layout typical of its era, with a detached garage.
The property’s standout characteristic is its land. While the lot size is below average for Kent Road itself, it is notably larger than the typical lot in the broader East Elmwood neighborhood, offering more outdoor space than many nearby properties. This is balanced by a living area that is modest by city-wide standards but competitive within the immediate area.
This home would best suit first-time buyers or practical investors looking for a lower-barrier entry into homeownership without sacrificing yard space. Its assessed value is significantly below averages at every comparison level, suggesting a potentially lower property tax burden and an opportunity for buyers focused on fundamentals over premium finishes. It’s a property for those who see value in a manageable footprint, a decent-sized lot, and the chance to add value over time.
Section 2: Frequently Asked Questions
1. Is the assessed value the same as the market value?
No. The assessed value ($22,100) is used for calculating property taxes and is typically much lower than the expected market sale price. You should rely on a current market evaluation from your real estate agent to understand the likely selling price.
2. How does the lot size compare to the neighborhood?
The lot is a key feature. At 4,917 sqft, it is larger than the East Elmwood neighborhood average (~4,390 sqft), meaning you likely get more private outdoor space than many nearby homes, even though the house itself is modest in size.
3. What does "below average" for assessed value on Kent Road mean?
This indicates that this home’s tax assessment is lower than most of its direct neighbors on Kent Road. This isn’t necessarily negative; it can point to a more basic level of finish or updates compared to others on the street, which is reflected in the tax roll.
4. What type of work might this home need?
Given its age (1955), prospective buyers should budget for updates to major aging systems like plumbing, electrical, or the roof. A thorough home inspection is essential to understand the condition and any immediate needs.
5. Who are the most likely neighbors or buyers for this street?
Kent Road appears to be a stable, established street with homes primarily from the 1950s. The mix of assessed values suggests a range of homeowners, from long-term residents to newer buyers. It likely offers a quiet, community-oriented atmosphere.