Property Overview: 844 Talbot Avenue, East Elmwood
Section 1: Key Characteristics & Appeal
This well-maintained two-storey home on Talbot Avenue offers a practical and comfortable living space in a mature Winnipeg neighbourhood. Its key strength is its above-average living area (1,363 sq. ft.) compared to most homes on its street and in East Elmwood, providing more room than many neighbouring properties. The home features a renovated basement and a detached garage, adding functional value. Built in 1949, it is a typical solid post-war home for the area.
The primary appeal lies in its strong positional value within its immediate community. The property ranks notably above average for both size and assessed value on its own street and in the East Elmwood area, suggesting it is a standout, well-regarded home in its local context. This makes it a smart choice for buyers who prioritize getting a "best house on the block" feel—a property that offers more space and perceived value than many around it, without the premium of a city-wide luxury price tag. It would suit practical buyers, such as growing families or long-term owner-occupants, who value neighbourhood familiarity, spacious interiors, and the potential stability of a home that has already seen key updates like a basement renovation.
A less obvious perspective is its city-wide positioning: while it shines locally, its metrics are average or below average compared to the entire Winnipeg market. This isn't necessarily a drawback, but it frames the property as an excellent local value rather than a premium city asset, appealing to buyers focused on community over metropolitan comparison.
Section 2: Frequently Asked Questions
1. How does this home’s value compare to its neighbours?
The home’s assessed value of $290,000 ranks in the top 16% on Talbot Avenue and the top 24% in East Elmwood, indicating it is considered more valuable than most comparable properties immediately surrounding it.
2. Is the living space typical for the area?
No, it’s larger than typical. At 1,363 sq. ft., the living area is in the top 10% on its street and top 15% in the neighbourhood, offering more interior space than the average home in East Elmwood.
3. What should I know about the lot and location?
The lot is a standard size for the area at 4,332 sq. ft. The home’s location offers a classic, established neighbourhood setting. Its standout features are relative to its immediate area, not necessarily the broader city, which is important for setting location-based expectations.
4. The home was built in 1949. What does that imply?
It is a characteristically solid post-war build, slightly newer than the average home on its street. Buyers should anticipate the maintenance considerations typical of a home of this era, balanced by the benefits of a renovated basement.
5. Why did it sell for significantly less in 2017?
The 2017 sale price of $23,700 is not a market sale price for the house; it likely represents a nominal value for a title transfer, such as between family members. The current assessed value of $290,000 is the relevant figure for understanding its municipal valuation for the current market.