Property Overview
This one-storey home at 546 Kent Road in East Elmwood presents a practical and well-situated opportunity. Its key appeal lies in its balance of a renovated basement, a manageable size, and a solid lot within a mature neighbourhood. The home is notably newer than many on its street and in the immediate area, which can suggest updated core systems. With a detached garage and a living space just over 1,000 sqft, it suits first-time buyers, downsizers, or investors looking for a straightforward, low-maintenance property. Its assessed value positions it as an above-average offering within East Elmwood itself, indicating good value relative to its direct locale, even if it sits below the citywide average price point.
Frequently Asked Questions
1. How does the home's size compare to others?
At 1,040 sqft of living area, the home is very close to the Winnipeg average. It's a moderately sized one-storey, larger than many in East Elmwood but slightly smaller than the average on its own street, suggesting a cozy, efficient layout.
2. What does the assessed value tell me?
The assessed value of $28,500 is a municipal valuation for tax purposes, not a market price. It's helpful for comparison: this home is assessed higher than 72% of properties in East Elmwood, indicating it's considered a better-than-average property in its district.
3. Is the 1960 build year a concern?
Quite the opposite in this context. Built in 1960, this home is newer than 96% of the houses on Kent Road and 86% in East Elmwood. This relative newness for the area can be an advantage, potentially meaning fewer major age-related issues than neighbours.
4. What is the potential like for outdoor space or expansion?
The lot is a generous 5,125 sqft, which is above average for East Elmwood. This provides good outdoor space and, subject to zoning, may offer future potential for additions, a large garden, or a shed, which isn't always possible on smaller urban lots.
5. What can nearby sales history indicate?
A nearby property at 550 Kent Road sold for $250,000 in early 2018. While market conditions have changed, this provides a historical benchmark for the immediate streetscape, suggesting the area has supported solid value for similar homes.