Property Overview
This one-and-a-half storey home on Talbot Avenue in East Elmwood presents a compact, no-fuss living option. Its key appeal lies in its efficiency and practicality. With a modest 666 sqft of living space and a renovated basement, it maximizes utility without excess. The detached garage and a near 4,000 sqft lot offer valuable flexibility for parking, storage, or outdoor projects. The home’s assessed value is notably lower than both area and city averages, suggesting a potentially accessible entry point into the market.
It would suit a first-time buyer, an investor, or someone looking to downsize into a manageable property without major renovation needs. Its below-average size and value for the area make it a pragmatic choice for those prioritizing function and affordability over square footage. A thoughtful perspective is that this home represents the "bones" of the neighbourhood—a well-located, post-war property that offers the chance to build equity without the premium of a larger, updated home.
Frequently Asked Questions
How does the home's size compare to others?
At 666 sqft, the living area is below average for Talbot Avenue, East Elmwood, and Winnipeg overall. It ranks in the bottom 7% locally, making it one of the more compact homes in the area.
What is the property's value proposition?
The assessed value of $21,300 is around average for Talbot Avenue but below average for the wider neighbourhood and city. This indicates you may be paying primarily for location and land, with the home itself offering a cost-effective footprint.
Is the lot size a positive feature?
The 3,978 sqft lot is roughly average for the street but below the area and city averages. It provides a decent outdoor space for a home of this size, which is a relative advantage given the compact living area.
What does the sale history indicate?
The home last sold in November 2020 for its assessed value of $21,300. This recent sale at the official valuation provides a clear and stable benchmark, with no apparent premium or discount at that time.
Who are the most likely neighbours?
The immediate neighbours on Talbot Avenue are homes of very similar vintage (built 1946-1949) and scale, suggesting a consistent, established streetscape without large disparities in property size or style.