Property Overview: 79 Cameron Street, East Elmwood
Key Characteristics & Appeal
This two-storey home on a spacious 5,506 sqft lot offers solid, above-average living space for the East Elmwood neighbourhood. With 1,728 sqft of living area, it provides more room than most local homes. A key feature is the renovated basement, adding functional space and modern appeal. The detached garage and the lot size—which is larger than most on its street and in the area—offer valuable outdoor utility and potential.
Its appeal lies in being a well-sized, established home in a mature neighbourhood. It suits practical buyers looking for a property that stands out locally for its space and updated elements without being a city-wide outlier in price. It’s particularly fitting for those who value a larger yard over a brand-new build, as the 1956 construction date is typical for the area but the oldest on its immediate block. The recent sale in late 2023 provides a clear, current market benchmark.
Frequently Asked Questions
1. How does this home compare in size to others nearby?
It offers more living space than approximately 90% of homes in East Elmwood, making it a notably roomy option for this specific neighbourhood.
2. What does the "renovated basement" typically mean for a home of this age?
While specifics aren’t listed, in a 1956 home this usually indicates updated finishes and likely addressed foundational concerns like moisture control or insulation, adding modern living space and functionality.
3. Is the assessed value a reliable indicator of the sale price?
The home recently sold for $390,000, which is directly in line with its city-wide assessed value average. This suggests the assessment is a very current and accurate reflection of its market value.
4. Who might this property best suit?
It’s ideal for buyers seeking a character home with ample indoor and outdoor space in a settled community. It would also appeal to those looking for a property with strong fundamentals (like lot size and living area) that outperform most of its immediate neighbours, providing a relative value within the local context.
5. Are there any obvious trade-offs to consider?
Yes. The home is the oldest on its block, so potential buyers should prioritize a thorough inspection for age-related maintenance. While the lot is large for the street, it is slightly smaller than the city-wide average, so it’s a relative strength locally but not an exceptionally vast property for Winnipeg overall.