Property Overview: 782 Manhattan Avenue, East Elmwood
Key Characteristics & Appeal
This one-and-a-half storey home, built in 1949, presents a practical opportunity in Winnipeg's East Elmwood neighbourhood. Its key appeal lies in a balanced package of space and value. With 900 sqft of living area, it is comfortably sized for the immediate street and area, though more compact compared to the citywide average. A significant feature is the renovated basement, adding functional living space. The property stands out for its generous, above-average lot size of nearly 4,861 sqft for the area, offering valuable outdoor space and potential.
The home’s assessed value positions it as an above-average offering on its own street, suggesting good relative value within this specific community. It would suit first-time buyers or downsizers looking for a manageable home with a low-maintenance footprint, without sacrificing yard space. The detached garage adds convenience. A thoughtful perspective is that this property represents a "neighbourhood-scale" purchase—it’s a strong contender within East Elmwood itself, offering more land than many local peers, which is a tangible asset not always apparent in the numbers.
Frequently Asked Questions
1. How does the living space compare to nearby homes?
At 900 sqft, the living area is very close to the average for both Manhattan Avenue (940 sqft avg.) and the wider East Elmwood area (1,065 sqft avg.), making it a typical size for this specific location.
2. What does the above-average assessed value on the street indicate?
An assessed value that ranks in the top 20% on its street often reflects a combination of factors like the renovated basement, lot size, and overall condition relative to immediate neighbours, suggesting the property is well-maintained within its local context.
3. Is the lot size a significant feature?
Yes. The lot of 4,861 sqft is notably larger than many on the same street and in East Elmwood, where averages are around 4,390 sqft. This provides more private outdoor space than is typical for the area.
4. What is the significance of the renovated basement?
A renovated basement directly adds usable living area to the home's footprint, which is a functional upgrade not reflected in the main floor living area square footage and adds to the home's utility and appeal.
5. How does the sale history inform current value?
The property last sold in August 2021 for $26,900k. Its current assessed value is slightly higher at $27.80k, indicating stable municipal valuation in line with recent market activity.