Property Overview
This 792 sqft, one-storey home on a 4,398 sqft lot in East Elmwood presents a straightforward, entry-level opportunity. Built in 1956, its key characteristic is its compact and efficient footprint. The home features a renovated basement, adding valuable functional space. Its primary appeal lies in its affordability and manageability, with an assessed value that is around average for its immediate street and neighborhood but below the city-wide average. The lot size is also typical for the area.
This property would suit first-time buyers seeking a lower-cost entry into the market, downsizers looking for a modest, single-level layout, or practical investors. Its below-average living space compared to neighbors means it’s best for those with simpler space needs. A thoughtful perspective is that a smaller, well-located home like this can offer lower utility costs and less maintenance, freeing up budget for personalization or savings. Its average standings on the street suggest it fits the local context without over-improving for the area.
Frequently Asked Questions
1. How does the size of this home compare to others?
At 792 sqft of living area, this home is notably smaller than most comparable homes on its street, in East Elmwood, and across Winnipeg. This is a key factor in its pricing.
2. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the finishes or layout. This would be an important detail to clarify with the seller or listing agent regarding its condition and permitted uses.
3. Is the assessed value a reliable indicator of the sale price?
Not directly. The home's assessed value is around $27,600 for tax purposes, but it last sold for $320,000 in July 2021. Market conditions, updates, and buyer demand will determine the final sale price.
4. What are the implications of having no garage?
Parking will be limited to driveway or street. This is common for homes of this era in the neighborhood but is a practical consideration for vehicle storage and winter conditions.
5. How does the lot size affect potential future plans?
The lot is a standard size for the area. While not oversized, it provides typical backyard space and may allow for additions like a shed or deck, subject to local zoning bylaws and permits.