Property Overview
This 1944-built, one-storey home on Mccalman Avenue in East Elmwood presents a compact, efficiently sized living space. Its key appeal lies in its balance of a renovated basement, a detached garage, and a manageable lot within a well-established neighbourhood. The home’s living area (756 sqft) is modest, ranking below average for its street and area, which translates to lower utility costs and less maintenance. Its assessed value is notably affordable compared to the city-wide average, positioning it as an accessible entry point into the Winnipeg market. The property would suit first-time buyers seeking a solid starter home with updated essentials, or an investor looking for a manageable rental property with recent improvements below the surface.
Frequently Asked Questions
1. How does the size of this home compare to others?
The living space is 756 sqft, which is smaller than the average home on Mccalman Avenue (approx. 926 sqft) and in East Elmwood (approx. 1,065 sqft). This makes for a cozy, low-maintenance interior.
2. What does the "renovated basement" include?
The listing confirms the basement is renovated, but specifics on finish quality, layout, or permits should be verified by a buyer's inspection. It represents added liveable space beyond the main floor square footage.
3. Is the assessed value a reliable indicator of the sale price?
Not directly. The assessed value for taxation is $23,100, but nearby homes with similar assessments recently sold for significantly more (e.g., $230k in 2021). Market conditions and the home's updated features will determine the final sale price.
4. What are the less obvious considerations with a 1944 home?
While the basement is renovated, a home of this age will have original components, like the foundation, plumbing, electrical systems, and the roof, which require careful evaluation despite recent updates.
5. How does the lot size impact potential?
The lot is 3,295 sqft, which is smaller than many in the area. This limits expansion possibilities but also means less yard work. The presence of a detached garage is a valuable asset on a smaller lot.