Property Summary: 717 Herbert Avenue, Winnipeg
Key Characteristics & Appeal
This is a compact, one-storey home in East Elmwood, built in 1905. Its key characteristic is its modest scale, with a living area of 603 sqft that places it well below average for the neighbourhood and city. This is balanced by a renovated basement and a detached garage. The lot size is roughly average for the immediate street but smaller than typical city lots.
The appeal lies in its efficiency and affordability. With a recently updated basement, it offers functional space beyond its main floor footprint. It suits first-time buyers seeking an entry point into homeownership, investors looking for a manageable rental property, or downsizers who prioritize low maintenance and cost over square footage. A thoughtful perspective is that its smaller size and older vintage could mean lower utility costs and a simpler, more manageable living environment, which is a specific lifestyle advantage for the right buyer.
Frequently Asked Questions
1. Is the house unusually small?
Yes. At 603 sqft of living area, it is significantly smaller than most homes in East Elmwood (where the area average is about 1,065 sqft) and across Winnipeg.
2. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the finishes or layout. This is a key detail to clarify with the seller or agent to understand the full usable space.
3. How does the assessed value compare to the last sale price?
The property is currently assessed at $20,400k. It last sold in March 2023 for $18,800k, suggesting stable or slightly appreciating value in a short timeframe.
4. Is the older age of the home (1905) a concern?
While the home has been maintained, its age means potential buyers should prioritize a thorough inspection. The upside is that many character homes of this era were built with durable materials, but systems like plumbing and electrical may need evaluation.
5. What is the neighbourhood like for a small home?
On Herbert Avenue itself, the home's lot size and assessed value are around average, meaning it fits in on its specific street. The smaller living area is the standout difference, not the property's overall footprint or value relative to its immediate neighbours.