Property Overview: 450 Kent Road, East Elmwood
Key Characteristics & Appeal
This 1955-built, one-storey home on a detached lot presents a straightforward opportunity in Winnipeg's East Elmwood neighborhood. With 1,372 sqft of living space, it offers more room than many area homes, placing it well above the neighborhood average. Its assessed value of $230k is positioned around the local average, suggesting a manageable entry point into the market.
The appeal lies in its practical balance. The lot size of 4,922 sqft is generous for East Elmwood, offering good outdoor space relative to nearby properties, though it is slightly smaller than others on Kent Road itself. As a classic post-war bungalow, it likely features a simple, functional layout. Its recent sale in 2020 indicates a motivated seller.
This property would best suit first-time buyers or practical downsizers looking for a no-frills, single-level home with a decent-sized yard in an established community. It’s for those who value space over modern finishes and see potential in a home that is statistically average for its immediate area but offers above-average living space for the wider neighborhood.
Frequently Asked Questions
1. How does this home’s value compare to the area?
The home’s assessed value of $230,000 is around the average for both Kent Road and the broader East Elmwood neighborhood, indicating it is priced consistently with its local market.
2. Is the living space a good size for the area?
Yes. At 1,372 sqft, the living area is notably larger than the East Elmwood average (~1,065 sqft), offering more interior space than many comparable homes in the community.
3. What is the lot like?
The 4,922 sqft lot is above average for East Elmwood, providing good outdoor space. It is, however, slightly below the average lot size for properties directly on Kent Road.
4. What can the 2020 sale price tell me?
The home sold for $20,300 in June 2020. This typically indicates a transfer between family members or a nominal sale, not a previous arm’s-length market transaction. It does not reflect the current market value.
5. How does this home rank city-wide?
City-wide, the home sits in a unique position: its assessed value is in a lower percentile, but it offers more living space than the Winnipeg average. This suggests it may represent a value proposition for buyers seeking space who are willing to consider an older home in a neighborhood like East Elmwood.