Property Overview & Key Characteristics
823 Manhattan Avenue is a well-maintained, one-and-a-half storey home built in 1951, situated on a generous 4,337 sqft lot in East Elmwood. Its primary appeal lies in its balance of established neighbourhood character and practical updates, notably a renovated basement that adds valuable finished space to the 917 sqft main living area. The property presents a solid, no-frills value proposition.
The home’s standout feature is its lot size, which ranks in the top third for the street, offering ample outdoor space relative to many area properties. While the living area is modest, its efficient layout and the additional basement space make it functional. The home suits first-time buyers seeking an entry point into homeownership with some immediate modern comforts, or practical investors looking for a stable, low-maintenance rental property in a central Winnipeg neighbourhood. Its recent sale history suggests it’s a market-responsive property that holds its value in line with area trends.
Frequently Asked Questions
1. What does a "renovated basement" typically include in a home of this era?
While specifics require a viewing, in a 1951 home this usually means updated finishes like drywall, flooring, and lighting, potentially creating a recreational room, office, or additional bedroom. It’s important to verify the quality of the renovation and check for any underlying moisture or foundational issues common with older basements.
2. How does the lack of a garage affect daily living and resale?
The property has no garage, which is common for the area. Buyers should plan for street parking or the potential cost of adding a shed or carport. While some buyers see this as a drawback, the large lot does offer flexibility for future parking or storage solutions, which can be a plus.
3. The assessed value seems low. What does this mean for property taxes?
The assessed value is for municipal taxation purposes only and is typically lower than market value. A lower assessment generally translates to proportionally lower property taxes, which is a financial benefit for the homeowner.
4. The home last sold in March 2022. Is that a concern?
Not necessarily. A recent sale can indicate a well-documented, arms-length transaction, providing a clear and current benchmark for market value. It may simply reflect a previous owner’s life change rather than any issue with the property.
5. How does this home compare to others on the street and in East Elmwood?
The data shows this home is consistently above the median for its street in key metrics like lot size and living area, positioning it as a stronger offering on its specific block. Within the broader East Elmwood neighbourhood, it ranks around the middle, indicating it is a very typical and representative home for the area.