Property Overview
This one-and-a-half storey home on Cunnington Avenue in Elm Park offers a compelling blend of space, location, and value. Its key appeal lies in its above-average living area of 1,863 sq ft, which ranks within the top 9% for its immediate street and neighborhood, providing more interior room than most comparable homes. Built in 1952, it is notably newer than many surrounding properties. The assessed value positions it as a premium offering on its street but aligns more closely with the broader city average, suggesting a solid value proposition for its size and area.
The home would suit buyers looking for a character home in a mature neighborhood who prioritize interior space over modern renovations. It’s ideal for someone comfortable with a basement and exterior (garage, pool) that are as-is, and who sees potential in a property with strong fundamentals—like its generous lot size of over 5,000 sq ft—rather than turn-key finishes. A thoughtful buyer might appreciate that its newer build date (for the area) could mean fewer immediate concerns with very old infrastructure, while its above-average size offers room to grow or adapt without the price tag of a fully updated home.
Frequently Asked Questions
1. How does the home’s value compare to the neighborhood?
The home’s assessed value is above average for Cunnington Avenue itself (top 11%) and the Elm Park neighborhood (top 19%), but is around the city-wide average. This indicates you are paying a premium for this specific location and street, but getting a property that is larger and newer than many local comps.
2. What does "one-and-a-half storey" typically mean for a 1950s home?
This style often features a main floor with principal rooms and a second floor under sloping roof lines, creating cozy bedrooms or attic spaces. It’s a classic design for the era, offering more character and potentially more space than a true bungalow, but with a different layout than a full two-storey.
3. The home sold in 2021. Is the current assessed value close to that sale price?
No, the home sold for $494,000 in July 2021, which is significantly higher than the current $422,000 assessed value. This difference could reflect market adjustments, the assessed value lagging behind a prior sale, or a combination of both.
4. Are there any obvious drawbacks from the listed metrics?
The listing notes the basement is not renovated and there is no garage or pool. For some buyers, the lack of a garage in Winnipeg is a significant consideration. The land size, while generous, is around the neighborhood average, so it’s not an exceptionally large lot.
5. What is the immediate area like?
The property is on a street with very similar homes, as indicated by the five nearby addresses listed on Cunnington Avenue. This suggests a consistent, established streetscape. The "similar assessed value" properties are located in Elmhurst, indicating it sits in a value bracket with homes in that adjacent neighborhood.