Property Overview: 522 Kent Road, East Elmwood
Key Characteristics & Appeal
This two-storey home in East Elmwood is defined by its generous living space. At over 2,000 square feet, it offers significantly more room than most homes in the immediate area and across Winnipeg, placing it in the top tier for size. Built in 1960, it is also notably newer than many comparable houses on its street and in the neighborhood, suggesting potentially fewer immediate concerns with aging infrastructure.
The appeal lies in this combination of space and relative modernity within a mature community. The lot size is standard for the street but above average for East Elmwood, offering good outdoor space. The assessed value is positioned as average for the city and street, but above average for the neighborhood, indicating it is a substantial property within its local context. The basement exists but is noted as not renovated, presenting a blank canvas for future expansion or storage. The absence of a garage is a common trade-off in older neighborhoods.
This property would best suit buyers who prioritize interior space over turn-key renovation, such as growing families seeking room to grow, or value-oriented purchasers looking for a structurally sound, larger home where they can gradually update finishes to their own taste. It represents an opportunity to own a well-sized, above-average home in the community without the premium of a fully modernized property.
Frequently Asked Questions
1. What does "basement not renovated" typically mean for a home of this era?
It usually indicates a functional, unfinished space with concrete floors and walls, suitable for laundry and storage. It’s a blank slate, allowing for future customization but requiring a full investment to convert into living space.
2. How does the lack of a garage affect daily life and property value here?
On-street parking is common in the area. While some buyers may see it as a drawback, the larger living space and lot can offset this for many. Adding a garage or carport is a possible future improvement, subject to local bylaws.
3. The home is "above average" in size for the area. Does this make it stand out awkwardly?
Not necessarily. The lot size is proportionate, and the two-storey design is common. It means you get more interior room without the property feeling disproportionately large on the street.
4. The assessed value is higher than the 2019 sale price. What does this indicate?
This reflects typical market appreciation over time and municipal assessment updates. It suggests the property has grown in value, but the final sale price will be determined by current market conditions, not the assessment.
5. Given its age, what major systems should be prioritized for inspection?
While newer than many neighbors, a 1960s home still requires close attention to its original components. The roof, plumbing, electrical wiring (ensuring it's been updated from original), and the foundation should be key focuses for a professional inspection.