Property Overview: 819 Talbot Avenue, East Elmwood
Key Characteristics & Buyer Appeal
This one-and-a-half storey home in East Elmwood presents a solid, renovated foundation in a mature neighbourhood. Its key appeal lies in offering above-average space and value for its immediate area. With 1,125 sqft of living area, it provides more room than most comparable homes on Talbot Avenue and in East Elmwood. This is complemented by a renovated basement, adding functional living space. The detached garage offers practical storage or workshop potential.
The home’s assessed value is notably strong for the street and neighbourhood, ranking in the top quarter, which suggests a history of maintained or improved condition relative to its peers. Built in 1949, it is a typical post-war home for the area, situated on a standard city lot. The data indicates this property is a standout within its local context—offering more interior space and a higher perceived value than many nearby homes—while being priced accessibly within the wider city market. It would suit first-time buyers, downsizers, or practical investors looking for a move-in-ready home with modernized basics in a stable, no-frills community. Its appeal is less about luxury and more about receiving good comparative value and space for your investment in this specific locale.
Frequently Asked Questions
1. How does this home’s value compare to others in Winnipeg?
Citywide, the home’s assessed value is below the Winnipeg average, which is typical for a mature neighbourhood like East Elmwood. This indicates an opportunity for buyers seeking affordability within the city limits, while the home still ranks highly for value within its own neighbourhood.
2. Is the living space sufficient for a small family?
At 1,125 sqft plus a renovated basement, the living area is above average for both the street and East Elmwood. This provides a competitive amount of space for a small family or couple compared to other options in the immediate area.
3. What does the “above average” assessed value ranking mean for taxes?
A higher assessed value relative to neighbouring homes typically results in proportionally higher property taxes. However, this ranking can also reflect updates and renovations that contribute to the home’s condition and desirability.
4. What is the significance of the detached garage?
In addition to vehicle storage, a detached garage on a city lot offers flexibility. It can serve as a workshop, hobby space, or additional storage without impacting the main living area’s footprint, a valued feature in older neighbourhoods.
5. Are homes from 1949 a concern for maintenance?
A home of this age will have character but requires a diligent inspection. Key systems like wiring, plumbing, and the roof may have been updated over time—the renovated basement is a positive sign—but understanding the state of original components is essential.