Property Overview
This one-and-a-half storey home on Manhattan Avenue in East Elmwood presents a practical and well-positioned opportunity. Built in 1951, it features 912 sqft of living space and sits on a 4,337 sqft lot, which is notably above average for its immediate street. A key feature is the renovated basement, adding functional living space, and the property includes a detached garage. Its assessed value of $240k aligns with the local neighbourhood average, suggesting a fairly priced entry point into the market.
The appeal here is one of balance and potential. The home isn't the largest on the block, but its lot size offers valuable outdoor space or future expansion possibilities rare for the area. The renovated basement provides immediate utility, moving it beyond a pure fixer-upper. It suits first-time buyers looking for a solid starter home with some updates already done, or an investor seeking a manageable rental property in a stable, established neighbourhood. Its value lies in being a competent, no-surprises home in a community where it compares favourably in key metrics like land size.
Frequently Asked Questions
1. How does this home compare to others in East Elmwood?
The home is very typical for East Elmwood in terms of size, age, and value. Its standout feature locally is its land area, which is larger than many comparable lots in the neighbourhood.
2. What does the "renovated basement" likely include?
While specifics aren't listed, a "renovated basement" in a home of this era typically means it has been finished into a livable space, possibly including a recreation room, bedroom, or laundry area. It's advisable to confirm the permits and scope of work.
3. Is the detached garage a significant advantage?
Yes, especially in older neighbourhoods where many homes have only carports or on-street parking. A detached garage provides secure storage and parking, a valued amenity that can also be used as a workshop.
4. The home sold in 2020. What does that mean for today's price?
The 2020 sale price provides historical context, but market conditions have likely changed. The current assessed value of $240k is a more relevant benchmark for understanding its municipal valuation, though the final sale price will be determined by the current market.
5. What are the less obvious considerations for a home like this?
Consider the "one-and-a-half storey" design: the upper floor may have sloped ceilings and cozier rooms, which adds charm but differs from a full two-storey layout. Also, while the home ranks well on its street, it's below the city-wide average for size, highlighting its position as an affordable option within Winnipeg proper, not a sprawling suburban property.