Property Overview
843 Manhattan Avenue is a well-maintained one-and-a-half storey home in Winnipeg's East Elmwood neighbourhood. Built in 1951, it sits on a standard city lot of just over 4,300 sqft. The home offers 900 sqft of living space and features a renovated basement and a detached garage. Its recent sale in July 2024 for $270,000 aligns closely with its municipal assessed value, suggesting a stable and transparent market price.
Key Characteristics & Appeal
This home’s primary appeal lies in its balance and practicality. It represents a solid, no-surprises entry into homeownership in a mature, established neighbourhood. The renovated basement adds functional living space, a valuable asset in a sub-1,000 sqft main floor plan. While its size is modest compared to the Winnipeg citywide average, it is competitive within its immediate area and street, ranking around average or better for East Elmwood.
A thoughtful perspective is its value proposition within its own community. The assessed value ranks above average for Manhattan Avenue itself (top 24%), indicating it is viewed as a relatively premium property on its block. This suggests better-than-average finishes, condition, or lot appeal compared to its closest neighbours. It suits first-time buyers, downsizers, or investors looking for a turnkey, low-maintenance property without major renovations. It’s for someone who prioritizes a sensible, updated home in a quiet neighbourhood over sheer square footage.
Frequently Asked Questions
1. How does the home’s size compare to others nearby?
At 900 sqft, the living area is very close to the average for both Manhattan Avenue (940 sqft avg.) and the wider East Elmwood area (1,065 sqft avg.). It offers a comfortable footprint typical for the neighbourhood’s vintage.
2. What does the assessed value ranking tell us?
The assessment of $270,000 is above average for the street but around average for East Elmwood. This often reflects the home’s updated condition (like the renovated basement) relative to its immediate peers, potentially meaning less urgent work is needed compared to other homes on the block.
3. Is the recent sale price reasonable?
The July 2024 sale price of $270,000 matches the assessed value exactly. This alignment typically indicates the sale was seen as fair and market-value, without the premium or discount that can come from a bidding war or a property needing significant work.
4. What is the significance of the detached garage?
For a home of this era, a detached garage is standard. It provides valuable storage or workshop space and avoids the structural complexities that can sometimes accompany an attached garage addition on older homes.
5. How does the lot size impact the property?
The lot is approximately 4,336 sqft, which is standard for the area. It offers adequate outdoor space for gardening, recreation, or future additions like a deck or shed, without the extensive maintenance of a much larger yard.