Property Summary: 747 Talbot Avenue, East Elmwood, Winnipeg
Key Characteristics & Appeal
This 1947 one-storey home on a standard city lot offers a distinct value proposition centered on space and relative affordability. Its primary appeal lies in its generous 1,672 sqft living area, which is notably larger than most comparable homes on its street, in East Elmwood, and across Winnipeg. This places it in the top tier for interior space in its immediate context. The home features a renovated basement and a detached garage.
The property suits practical buyers looking for ample room without a premium price tag. It’s ideal for those who prioritize interior square footage over a newer build date or a large yard. The assessed value suggests it is a solid, above-average property within its neighbourhood, representing a chance to own a spacious home in a mature community. A thoughtful perspective is that while the home is older, its size advantage over peers may offer more renovation flexibility for modern living compared to smaller, similarly aged houses.
Frequently Asked Questions
1. How does the living area compare to nearby homes?
This home is exceptionally spacious for the area. At 1,672 sqft, it ranks in the top 5% on its own street and the top 11% in East Elmwood for living area, significantly above local averages.
2. What does the assessed value indicate?
With an assessed value of $34.50k, this property is above average for both Talbot Avenue and the East Elmwood neighbourhood, suggesting it is a substantial property in its local market.
3. Is the lot size typical?
The 3,980 sqft lot is around average for the street and neighbourhood. It provides standard outdoor space but is below the city-wide average, which is common for older, established communities.
4. The home was built in 1947. What should I consider?
While the build date is older than many area averages, the renovated basement is a positive update. Buyers should factor in the potential maintenance and updating needs common to homes of this era, balanced against the benefit of its larger floor plan.
5. How does the last sale price relate to current value?
The home sold for $28.80k in July 2017. The current assessed value is higher, which may reflect market changes, the renovated basement, or the property's standout characteristic of greater living space.