Property Overview: 17 Cunnington Avenue, Elm Park, Winnipeg
Key Characteristics & Appeal
This one-storey home in the established Elm Park neighbourhood presents a straightforward opportunity. Its key characteristic is its compact, 757 sqft living area, which is notably smaller than most comparable homes on its street, in the area, and city-wide. This is balanced by a renovated basement and a detached garage on a roughly average-sized lot of just over 5,000 sqft. The home, built in 1929, is older than many in Winnipeg but is typical for its immediate area.
The appeal lies in its position as a potentially more accessible entry point into a mature neighbourhood. With an assessed value significantly below the averages for its peer groups, it may attract budget-conscious buyers seeking a foothold in a community without a new-build price tag. The renovated basement adds functional living space, which is a crucial upgrade given the smaller main floor footprint. This property would suit a first-time buyer, an investor, or someone looking to downsize into a manageable, single-level layout who values location over square footage. A thoughtful perspective is that the smaller size and lower taxes could align well with a minimalist or efficient lifestyle, while the lot size offers standard outdoor space potential despite the compact home.
Frequently Asked Questions
1. Is the house actually as small as the numbers suggest?
Yes. At 757 sqft, the living area is in the bottom 10% for similar homes on Cunnington Avenue and in Elm Park. The renovated basement is a key feature that provides necessary additional space.
2. Why is the assessed value so much lower than the averages shown?
The assessed value of $27,700 is consistently ranked in the lower tiers compared to averages on the street ($340k), in Elm Park ($36.8k), and city-wide ($390k). This typically reflects the home's smaller size, age, and market positioning rather than an issue, indicating it is priced for its specific offering.
3. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify details. A prospective buyer should inquire about the scope of the renovation, the quality of the finish, and whether it includes legal egress or secondary living features.
4. How does the age of the home (1929) affect it?
Built in 1929, the home is older than the Winnipeg average. While this can mean charming character, it also necessitates careful attention to the condition of major systems like plumbing, electrical, and the foundation during an inspection.
5. Are the property taxes likely to be low?
Generally, a lower assessed value correlates with lower municipal property taxes. This can be a significant ongoing savings, making the home more affordable to carry despite any potential updates needed due to its age and size.