103 Elm Park Road

Property Overview

This two-storey home at 103 Elm Park Road in Winnipeg’s Elm Park neighbourhood presents a compelling mix of space, value, and location. Its key appeal lies in offering above-average living space and a high assessed value within a well-regarded area, making it a standout property for specific buyers.

Key Characteristics & Appeal

The home’s primary strength is its generous 1,916 sqft of living area, which places it in the top 8% of homes in both Elm Park and on its own street. This is complemented by a recently renovated basement, adding functional space. Its assessed value is notably high (top 4% on Elm Park Road), suggesting a property that has been well-maintained or upgraded relative to its peers. Built in 1951, it is newer than many area homes. A detached garage adds practical convenience.

The appeal is nuanced: while the house itself is spacious and valuable, the lot is more modest in size compared to immediate neighbours (ranking 102nd of 105 on the street for land area). This creates an interesting profile—it’s a home for those who prioritize interior space and modernized living over extensive outdoor grounds. It would suit buyers looking for move-in-ready space in a mature neighbourhood, particularly those who value a large, updated interior and a strong value proposition over a large yard. The 2021 sale price of $62.10k, which was in the top 3% for the street at that time, underscores its history of commanding a premium.

Frequently Asked Questions

1. Is the high assessed value a good sign?
Typically, yes. A high assessed value relative to comparable homes often indicates desirable features, upgrades, or a premium location. It generally reflects a property that stands out positively in the market.

2. What does the smaller land area mean for me?
The lot is smaller than most on the street and in Elm Park. This could mean less yard maintenance but also less private outdoor space. It’s a trade-off that emphasizes the home's interior living space over its land.

3. The home is newer than many on the street. What are the implications?
A 1951 build date is newer than the area average. This can sometimes mean updated building materials or systems compared to older homes, though a specific inspection is always needed to confirm the condition of the roof, wiring, and plumbing.

4. Who would this property not suit as well?
Buyers seeking a large garden, extensive outdoor entertaining space, or significant expansion potential might find the lot size limiting. It’s best suited for those whose lifestyle is focused on indoor living.

5. How stable is the value in this location?
The home’s strong rankings for living area and assessed value within Elm Park—a consistent and desirable neighbourhood—suggest a history of solid value retention. Its appeal is based on interior space and condition, which are durable assets.