Property Overview: 616 Kent Road, East Elmwood, Winnipeg
Section 1: Key Characteristics & Appeal
This two-storey home on a spacious lot offers a practical and comfortable living space in the established East Elmwood neighborhood. Its key characteristics include a generous 1,872 sqft of living area, a renovated basement, and a detached garage. The data reveals a home that stands out in its immediate area: it is notably larger than most East Elmwood homes and sits on an above-average lot size for the neighborhood, providing more room both inside and out. Its 1960 build date is also newer than many nearby properties.
The appeal lies in its balance of space, updates, and location. The renovated basement adds immediate functional living area without the need for a major project. It suits buyers looking for a move-in-ready family home with room to grow, or those seeking a property with solid fundamentals in a no-frills, residential setting. A thoughtful perspective is that while its assessed value is moderate for the city overall, it represents a relatively high value within East Elmwood itself, suggesting it's a premium property for the specific neighborhood. This could appeal to buyers prioritizing space and condition within a more affordable area.
Section 2: Frequently Asked Questions
1. How does this home compare to others in East Elmwood?
The home is above average for the neighborhood in several key metrics. It is in the top 10% for living area size and the top 8% for lot size compared to other East Elmwood properties, meaning it offers more space than most homes in the area.
2. What is the significance of the "renovated basement"?
While specific finishes aren't detailed, a renovated basement typically means the space is finished as livable area (e.g., recreation room, additional bedrooms) and is in modern, move-in condition. This adds valuable functional space without the immediate cost and hassle of a renovation.
3. Is the detached garage a standard feature?
In older neighborhoods like East Elmwood, a detached garage is common. It provides secure parking and storage, though you should consider the walk to the house during Winnipeg winters.
4. The home sold in 2021; what does that sale price indicate?
The 2021 sale price of $360k provides a recent market benchmark. When considering today's value, it's important to compare it to current local sales, as market conditions have likely shifted since then.
5. The assessed value seems low compared to the last sale price. Why?
Municipal assessed value for property tax purposes is not the same as market value. Assessments are often based on mass appraisal techniques and can lag behind rapid market changes. The 2021 sale price is a stronger indicator of what a buyer was willing to pay at that time.