Property Overview: 442 Kent Road, East Elmwood, Winnipeg
Section 1: Key Characteristics & Appeal
This one-storey home, built in 1955, presents a straightforward and affordable entry point into Winnipeg’s East Elmwood neighborhood. Its key characteristic is its modest scale, with a living area of 796 sqft that is notably smaller than many area homes, suggesting a cozy, low-maintenance footprint. The property sits on a 4,950 sqft lot, which is a relative strength for the immediate area, offering above-average outdoor space for the neighborhood.
The primary appeal lies in its value and simplicity. With a historically low assessed value, it represents one of the most accessible priced properties in the city. This isn't a move-in-ready showcase home; its appeal is for a buyer who sees potential in the fundamentals—a solid lot size in an established community at a very attainable price point. It would suit a first-time buyer comfortable with a project, an investor looking for a rental property with a low entry cost, or someone seeking to downsize and minimize both mortgage and upkeep responsibilities. The detached garage adds practical storage or workshop space. A thoughtful perspective is that a home of this size and value allows new owners significant financial breathing room to renovate or customize incrementally according to their own tastes and budget.
Section 2: Frequently Asked Questions
1. Is the living area actually 796 sqft or 919 sqft?
The data shows some discrepancy, with 796 sqft listed in the core metrics and 919 sqft noted under a nearby "for reference" sale. The 796 sqft figure is presented with detailed rankings and is likely the current official measurement. A buyer should verify the exact square footage during a viewing.
2. Why is the assessed value so much lower than the last sale price?
The home sold for $24.20k in May 2022, which is close to its current assessed value of $21.20k. Both figures are dramatically lower than typical city-wide home prices. This indicates the property is valued as a basic structure on a lot, likely requiring significant updates. The "assessed value" here is for tax purposes and does not necessarily reflect market sale price, though both are in a very low range.
3. What does "below average" for living area mean practically?
Ranking in the bottom third for size on its own street and in East Elmwood, this is one of the smaller houses in the area. Daily life here would be efficient and compact. The trade-off for the smaller interior is the proportionally larger lot and the very low cost.
4. How does the lot size compare?
At 4,950 sqft, the lot is a positive standout for East Elmwood, ranking above average within the neighborhood. This means you get more private outdoor space than many nearby properties, which could be used for gardening, recreation, or future expansion, subject to zoning.
5. What is the context of the 2022 sale price?
A sale price of $24,200 in recent years is exceptionally low for a standalone house in Winnipeg. It strongly suggests the property was sold in as-is condition, likely requiring major repairs, modernization, or was part of a non-standard sale (such as to a family member). It sets a precedent for the home's value as a foundational project rather than a finished product.