Property Summary: 11 St Mark's Place, Elm Park, Winnipeg
Key Characteristics & Appeal
This one-and-three-quarter storey home, built in 1919, offers a blend of classic charm and above-average space for its established Elm Park neighbourhood. With 1,535 square feet of living area, it provides more room than most comparable homes on its street and within the wider area. The property sits on a 5,174 sqft lot and features a renovated basement and a detached garage.
Its primary appeal lies in its position within a desirable, mature neighbourhood, coupled with a practical layout that feels more spacious than many of its peers. The renovated basement adds valuable modernized living space. The home’s assessed value of $430k is notably above average for its immediate surroundings, suggesting it is a well-regarded property on its block.
This home would best suit a buyer looking for character in an established area, who values interior space over a vast yard, and appreciates the blend of original era details with updated living areas. It’s a solid choice for those seeking a home that stands out positively in its local context without being the newest on the street.
Frequently Asked Questions
1. How does the home’s age impact maintenance?
Built in 1919, the home is older than most in Winnipeg. Prospective buyers should prioritize a thorough inspection to understand the condition of foundational elements, plumbing, electrical systems, and the roof, which may require updates or ongoing maintenance.
2. Is the assessed value a reliable indicator of the likely sale price?
The assessed value ($430k) is for municipal tax purposes and is often lower than market value. However, the fact that it ranks in the top 18% on its street and in Elm Park indicates the property is considered above average for the area, which can be a positive signal.
3. What are the benefits of a detached garage?
A detached garage offers flexibility, potentially serving as a workshop or studio without impacting the main house. It may also reduce noise and fumes from entering the home. However, it can be less convenient in Winnipeg winters compared to an attached garage.
4. The lot size is noted as "below average" for Elm Park. Is this a concern?
At over 5,000 sqft, the lot is still a generous size. Being "below average" in this context means it is smaller than many in this specific, well-established neighbourhood, but it remains a substantial urban lot that requires less upkeep than larger ones.
5. The home last sold in 2016. What should I consider?
The 2016 sale price is not a relevant indicator of today’s market value. More importantly, this suggests the current owners have likely undertaken updates (like the basement renovation) during their tenure. It’s worthwhile to ask what improvements have been made in the last eight years.