Property Overview: 829 Talbot Avenue, East Elmwood
Key Characteristics & Appeal
This two-storey home, built in 1959, stands out in its local context for its generous proportions and recent updates. Its primary appeal lies in its significantly above-average living space (1,838 sq ft, ranking in the top 3% on its street and top 10% in East Elmwood) paired with a renovated basement, offering substantial room for a growing family or those who value spacious interiors over a vast yard. The assessed value is strong for the immediate area, suggesting a well-maintained property relative to its neighbours.
It’s a home that suits practical buyers looking for move-in-ready space in a established neighbourhood. It appeals to those who prioritize indoor living area and modernized finishes, and who understand that a smaller, standard-sized lot (3,977 sq ft) is a trade-off for a larger, updated house within a likely accessible price point for Winnipeg. A thoughtful perspective is that this property represents a "value-through-space" proposition in its micro-market—it offers the square footage of a much newer suburban home, but within the mature community fabric of East Elmwood.
Frequently Asked Questions
1. How does the home’s size compare to others nearby?
The living area is a key feature. At 1,838 sq ft, it is considerably larger than the average home on Talbot Avenue (~997 sq ft) and in the East Elmwood area (~1,065 sq ft).
2. What does the "renovated basement" include?
The listing confirms the basement is renovated, but specifics on finish quality, layout, and whether it includes a legal suite or additional bedrooms should be verified with the seller or listing agent.
3. Is the lot size a disadvantage?
The land area is around average for the street but below average for the wider city. This means smaller outdoor maintenance, but may limit expansion possibilities or extensive landscaping projects compared to homes on larger lots.
4. How current is the assessed value information?
The listed assessed value is $35,500k. It is crucial to note that municipal assessed value for tax purposes is often different from a home’s current market value. A professional appraisal or comparative market analysis is needed for an accurate valuation.
5. What is the significance of the home’s rankings (e.g., Top 3%)?
These rankings compare this specific property against groups of "comparable homes" on its street, in East Elmwood, and citywide. They are useful for understanding how it stacks up in terms of size, value, and age relative to its peers, showing where it outperforms or aligns with averages.