Property Overview: 33 Elm Park Road, Winnipeg
Section 1: Key Characteristics & Appeal
This one-storey home in Elm Park is a study in contrasts, offering a unique value proposition. Its key characteristic is a generous 5,499 sqft lot that ranks well above average for its street, providing significant outdoor space—a rarity for homes of this vintage. The living area, at 789 sqft, is compact, but the home benefits from a renovated basement, adding functional space. Built in 1939, it is older than many area comparables.
The appeal lies in its efficient footprint on a desirable lot. It suits buyers seeking a lower-maintenance, single-level living option in a mature neighbourhood, with the land representing a substantial portion of the property's value. It’s an ideal entry point into Elm Park for downsizers, first-time buyers comfortable with a cozy layout, or investors who see potential in the land itself. The recently renovated basement adds immediate livable space, making it move-in ready for those prioritizing location and lot size over sheer square footage.
Section 2: Frequently Asked Questions
1. Is the house too small?
At 789 sqft above grade, the living space is compact. However, the renovated basement provides additional room. This layout is best for individuals, couples, or small families who value low-maintenance living and spend more time outdoors.
2. How does the assessed value relate to the sale price?
The home last sold in late 2024 for $33.5k, closely aligning with its current assessed value of $33.70k. This suggests the price is grounded in the municipal assessment, which considers the home's age, size, and the value of its sizable lot.
3. What does the lot size mean for me?
The lot is a standout feature. It’s larger than most on the street and in line with area averages. This offers more privacy, gardening space, and future potential for additions or landscaping projects that a typical city lot may not allow.
4. Is an older home like this a concern?
Built in 1939, the home requires a diligent inspection. While charm and character are benefits, prospective buyers should budget for potential updates to older mechanical systems, insulation, or windows, common for homes of this era.
5. How does it compare to nearby homes?
Compared to nearby references, this home has a smaller footprint but a competitively priced assessment. It trades interior square footage for a larger lot. Buyers must decide if they prefer more house (like 51 Cunnington Ave) or more land (as offered here).