Property Overview: 427 Kent Road, East Elmwood
Key Characteristics & Buyer Appeal
This is a modest, one-storey home built in 1955, situated on a decent-sized lot in East Elmwood. With 919 square feet of living space, it is a compact and manageable property. The data suggests its primary appeal is as an affordable entry point into homeownership. Its assessed value is consistently below average for the street, neighborhood, and city, indicating a lower property tax burden and a potentially accessible purchase price. The lot size is notably above average for East Elmwood, offering valuable outdoor space relative to many area homes.
This property would best suit first-time buyers, downsizers, or investors seeking a straightforward, no-frills home. Its appeal lies in practicality and land value rather than size or modern finishes. A thoughtful perspective is that while the house itself is smaller and older, it occupies a land parcel that is larger than most in the immediate community, presenting a long-term value play or future expansion potential that isn't immediately obvious from the square footage alone. It’s a home for those who value a manageable footprint and see potential in the land it sits on.
Frequently Asked Questions
1. Is this a small house?
Yes. At 919 sq ft, the living area is below the Winnipeg average and is a compact, efficient layout typical of its era.
2. Why is the assessed value so much lower than other homes?
The assessed value reflects the property's modest size, age, and likely simpler finishes compared to larger or renovated homes. This typically results in lower municipal property taxes.
3. What is the neighborhood like?
East Elmwood is a mature, established neighborhood. The property's lot size is actually above average for this area, suggesting a slightly more spacious setting than some nearby homes.
4. Has the property value increased?
Based on past sales, the property has appreciated from $16.6k in 2017 to $20.3k in 2021. As with any market, current conditions should be verified.
5. What are the immediate next-door properties like?
The direct neighbors on Kent Road are very similar in vintage (also built in the mid-1950s) and scale, indicating a consistent streetscape of well-established homes.