Property Overview: 905 Talbot Avenue, East Elmwood, Winnipeg
Section 1: Key Characteristics & Appeal
This is a classic, one-and-a-half storey home built in 1908, presenting a straightforward opportunity in Winnipeg's East Elmwood neighborhood. Its key characteristic is its modest scale, with 719 sqft of living space, which is notably compact compared to area averages. The home features a detached garage and a full, unrenovated basement, sitting on a roughly 3,900 sqft lot that is typical for the immediate street.
The appeal lies in its position as an affordable entry point into the housing market. With a historically low assessed value, it represents a lower barrier to entry for buyers comfortable with a home that requires updates. The lot size offers potential for outdoor space or future expansion, subject to local regulations. This property would best suit a first-time buyer, an investor looking for a rental property, or a hands-on individual seeking a manageable project. Its compact size also appeals to those looking to minimize their footprint and utility costs. A less obvious perspective is that a home of this vintage and size on a decent lot can offer a unique chance to thoughtfully modernize and personalize a space without being overwhelmed by a large, complex floor plan.
Section 2: Frequently Asked Questions
1. How does the home's size compare to others?
At 719 sqft, the living area is significantly smaller than the average home in East Elmwood (~1,065 sqft) and across Winnipeg. This makes it one of the more compact standalone houses in the area.
2. What does the assessed value indicate?
The assessed value is well below city and area averages, which typically translates to lower property taxes. It also generally reflects the home's modest size, age, and condition relative to the market.
3. Is the basement finished?
No, the basement is noted as "not renovated," meaning it is unfinished and presents potential for future development or storage.
4. How old is the house, and what should I consider?
Built in 1908, the home is over 115 years old. Prospective buyers should budget for and prioritize inspections focused on foundational integrity, historical wiring or plumbing updates, and overall structural maintenance common with homes of this era.
5. What is the potential here?
The potential is in the lot and the footprint. The property offers a standard-sized lot for the street with a small, existing structure. This could be ideal for someone planning a gradual renovation of the current home or, in the long term, for potential redevelopment, always subject to municipal zoning bylaws.