Property Overview: 763 Talbot Avenue, East Elmwood, Winnipeg
Section 1: Key Characteristics & Appeal
This is a modest, post-war bungalow built in 1947, offering a straightforward and affordable entry into Winnipeg’s East Elmwood neighborhood. With 777 square feet of living space and a nearly 4,000 sqft lot, its key characteristic is its relative affordability within a stable, established community. The home’s assessed value of $225k is notably below both the citywide and neighborhood averages, positioning it as a value-conscious option.
Its primary appeal lies in its practicality. For a first-time buyer, downsizer, or investor, it represents a lower barrier to entry with the potential to add value through updates. The lot size is typical for the immediate street and offers reasonable outdoor space. A thoughtful perspective is that while the home ranks below average in size and value for the wider area, it is much more aligned with its immediate surroundings on Talbot Avenue, suggesting it fits the character of this specific block. This property would best suit a hands-on buyer comfortable with a home that may require modernization, or an investor looking for a rental property in a neighborhood with consistent demand. It’s a pragmatic choice over a premium one.
Section 2: Frequently Asked Questions
1. Is this a good value for the area?
Based on assessed values, this home is priced below the East Elmwood neighborhood average and significantly below the Winnipeg city average. For a buyer prioritizing location within a budget, it represents a cost-effective way to enter the market.
2. How does the size compare to nearby homes?
At 777 sqft, the living area is smaller than most homes in the neighborhood and city. However, on its own street, it is closer to the norm, ranking in the top 75%. This indicates a block of similarly scaled, character homes.
3. What is the potential for future value increase?
The below-average assessment and smaller size suggest there may be opportunity to increase value through strategic renovations or an addition, subject to permits and budget. The lot provides some flexibility for expansion or landscaping improvements.
4. Why isn’t sold price history shown here?
Due to industry data rules, detailed MLS sales history is not published on this site. You can request a manual lookup for the most accurate transaction history and exact sold prices by email via the form on the property page.
5. What are the comparable homes nearby?
Nearby properties on Talbot, Beach, and Manhattan Avenues, built in the same era (late 1940s/early 1950s) with assessed values ranging from $209k to $287k, provide a relevant benchmark for size, age, and value in this specific part of East Elmwood.