Property Overview
938 Talbot Avenue is a one-and-a-half storey home in Winnipeg's East Elmwood neighborhood. Built in 1949, it offers 900 square feet of living space on a 4,169 sqft lot and features a renovated basement. The home has no garage or pool. Its recent assessed value is $24,300.
Key Characteristics & Appeal
This home presents a straightforward, no-frills opportunity in a mature neighborhood. Its primary appeal lies in its relative affordability and practicality. The renovated basement adds functional living space, a valuable upgrade in a home of this size. The lot size is very typical for the street and area, offering a standard yard for its locale.
The data suggests this is a home that fits comfortably within its immediate context. It is not an outlier in terms of size, value, or lot for East Elmwood or Talbot Avenue, but it sits below Winnipeg's city-wide averages. This positions it as a potential entry-point into the market or a sensible choice for those seeking a manageable property without the premium of a larger, newer home.
It would likely suit first-time buyers, downsizers, or practical investors looking for a home with baseline updates in an established area. Its character is one of modesty and function rather than luxury or standout features. A thoughtful perspective is that its "average" metrics for the area could signal stability and predictability, with less risk of being over-improved compared to neighboring properties.
Frequently Asked Questions
1. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the scope. A prospective buyer should inquire about the finish quality, ceiling height, permits, and whether it includes a bathroom or legal secondary suite.
2. How does the assessed value relate to the expected sale price?
The home last sold for $24,200 in late 2021, closely aligning with its current $24,300 assessment. However, previous sales in 2019 and 2018 were significantly higher. Market conditions, the specific renovations, and buyer demand will determine the final sale price, which may not directly mirror the assessed value.
3. What are the implications of having no garage?
Parking will be limited to driveway or street. This affects convenience, security for vehicles, and storage. It's worth checking if the driveway can accommodate multiple cars and if on-street parking is readily available.
4. Is the home typical for the neighborhood?
Yes. The data shows its living area, lot size, year built, and assessed value all rank around the middle (40th-70th percentile) for both Talbot Avenue and the wider East Elmwood area, indicating it is very representative of the local housing stock.
5. What might explain the significant drop in sale price between 2019 and 2021?
The sale price fell from $220,000 in 2019 to $24,200 in 2021. This extreme drop is unusual and not typical of normal market fluctuations. It strongly suggests the 2021 transaction was a non-arms-length sale, such as a transfer between family members, and should not be used as a benchmark for market value.