Property Overview: 28 Sunset Boulevard, Elm Park, Winnipeg
Key Characteristics & Appeal
This 1928 one-storey home in Elm Park offers 992 sqft of living space with a renovated basement. Its key appeal lies in its established, quiet neighbourhood and its position as a solid, average-value property within its immediate area. The home sits on a 5,079 sqft lot, which is modest for Elm Park but typical citywide. While its living area and age (98 years) are below average for the city, they are more aligned with the character of Sunset Boulevard and the Elm Park area. The renovated basement adds functional living space. The assessed value is consistently around the average mark for its street, neighbourhood, and the wider city, suggesting it is priced in line with market expectations without significant premium or discount.
This property would suit a first-time buyer or downsizer looking for a manageable, single-level home in a mature neighbourhood without the upkeep of a large lot. It also appeals to a value-conscious buyer who prefers the character of an older home but appreciates the updated utility of a renovated basement. A thoughtful perspective is that its "average" metrics across the board can be a strength, indicating stability and lower risk compared to properties with extreme high or low rankings in a volatile category.
Frequently Asked Questions
1. How does the age of the home affect its value and upkeep?
Built in 1928, it is older than most homes on its street and in Winnipeg. This can mean charming character but also requires a diligent inspection for aging components like plumbing, wiring, and the foundation. The renovated basement is a positive update.
2. Is the lot size a disadvantage?
At just over 5,000 sqft, the lot is below average for Elm Park, meaning smaller outdoor space. However, it is near the city-wide average, making it a typical urban lot that requires less maintenance—a potential benefit for some buyers.
3. How does the assessed value compare to recent sale prices?
The home last sold in 2022 for $330,000, which aligns closely with its current assessed value of approximately $331,000. This suggests the assessment is current and the market value is stable.
4. What is the neighbourhood context for this property?
In Elm Park, this home's living area and lot size are below the neighbourhood average. Its appeal here is less about standout size and more about providing entry into a desirable, established area at a relatively accessible point.
5. Who might this home not suit?
It may not suit those seeking a modern, open-concept layout or extensive square footage on one level. Buyers wanting a large yard for gardening or recreation might find the lot limiting compared to others in the immediate area.