Property Overview: 839 Manhattan Avenue, East Elmwood
Key Characteristics, Appeal & Ideal Buyer
This is a compact, one-storey home built in 1951, offering 748 square feet of living space. Its key characteristic is balance: while the house itself is modest in size and value compared to broader city averages, it sits on a notably generous lot for its immediate street, ranking in the top 27% for land area on Manhattan Avenue. The basement has been renovated, adding functional living space. The home last sold in October 2022 for $210,000, and its current assessed value is $22,300.
The appeal lies in its potential as an efficient and manageable entry point into homeownership. The renovated basement increases usable space, and the larger-than-average lot for the block presents opportunities for gardening, outdoor living, or future expansion. It suits first-time buyers, downsizers, or practical investors looking for a lower-maintenance property without a premium price tag. A thoughtful perspective is that its "below average" metrics for size and value in the wider area are precisely what make it accessible, positioning it as a pragmatic choice rather than a standout luxury purchase.
Frequently Asked Questions
1. Is the house particularly small?
Yes, at 748 sqft, the living area is below the average for both the East Elmwood neighbourhood and Winnipeg overall. This makes for a cozy, efficient layout that is easier and less expensive to maintain and heat.
2. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the finish. A professional inspection or inquiry with the seller is needed to determine if it's a legal suite, a recreational room, or additional living space.
3. Why is the assessed value so much lower than the 2022 sale price?
Municipal assessed value for tax purposes is not the same as market value. It is an administrative valuation that often lags behind current market conditions and sale prices.
4. What are the advantages of the larger lot?
The lot size is a standout feature for this street. It provides more private outdoor space than neighbouring properties and could allow for a larger garden, shed, or deck. It may also offer more flexibility for future additions, subject to zoning bylaws.
5. How does this home compare to others on the street?
It is very typical for its street in terms of age and living area. Its primary advantages over direct neighbours are the renovated basement and a larger parcel of land. Its assessed value is slightly below the street average.