Property Overview: 116 Cunnington Avenue, Elm Park, Winnipeg
Section 1: Key Characteristics & Appeal
This one-storey home in Elm Park is a practical and well-situated property. With 972 sqft of living space, it is comfortably sized for its neighbourhood, though more compact than the citywide average—ideal for efficient living without excess. Its standout feature is a renovated basement, adding valuable finished space. Built in 1953, it is notably newer than many homes on its street, potentially suggesting fewer concerns related to the age of core systems compared to its peers.
The appeal lies in its balance and location. The lot size is generous for the area, offering above-average outdoor space on Cunnington Avenue. With no garage or pool, it presents a lower-maintenance profile. Its assessed value is consistently around the average for its immediate area, Elm Park, and the wider city, indicating a stable, mid-market investment. This property would suit first-time buyers, downsizers, or pragmatic investors seeking a turn-key home (thanks to the renovated basement) in an established neighbourhood without a premium price tag. It’s for those who value a manageable footprint, a newer build date within an older area, and outdoor space more than expansive square footage or luxury amenities.
Section 2: Frequently Asked Questions
1. Is the living space too small?
At 972 sqft, the home is smaller than the Winnipeg average but is typical for Elm Park. The renovated basement effectively expands the usable living area, making it efficient for individuals, couples, or small families.
2. How does the 1953 build year affect the home?
While still an older home, being built in 1953 makes it over a decade newer than many neighbours. This can be an advantage, as major systems like plumbing or electrical may have been updated later in the home’s life, though specific inspection is always recommended.
3. What are the implications of having no garage?
This means lower maintenance and costs but requires on-street parking. For this area and the home’s price point, this is common. Buyers should assess their parking needs and the typical street availability.
4. Why is the assessed value different from the recent sale price?
The assessed value ($329k) is for municipal tax purposes. The home sold for $381k in December 2024. The sale price reflects the current market value, which can be influenced by factors like recent renovations, market conditions, and buyer demand.
5. How does the lot size compare?
The 5,198 sqft lot is above average for Cunnington Avenue, providing more private outdoor space than many direct neighbours. This is a relative strength for gardening, recreation, or future expansion, compared to other properties on the street.