Property Overview
This one-and-a-half storey home at 35 Elm Park Road in Winnipeg’s Elm Park neighbourhood presents a blend of classic character and practical updates. Built in 1939, it sits on a generous, above-average lot for the immediate street. The 1,500 sqft living area is notably spacious compared to most homes on Elm Park Road and within the broader neighbourhood. A key feature is the renovated basement, adding functional living space, and the property includes a detached garage. Its recent sale price in July 2024 was notably higher than its assessed value, suggesting a premium was paid for its condition, location, or specific features.
The appeal lies in its above-average interior space within a well-established community, coupled with the modern convenience of a renovated lower level. It suits buyers looking for a character home with room to grow, who value a larger lot in a mature area, and who appreciate having major renovation work already completed. A thoughtful perspective is that while the home is older than many on its street, this often translates to more established landscaping and a settled, timeless streetscape presence. The detached garage also offers flexibility for storage, a workshop, or potential future conversion.
Frequently Asked Questions
1. How does the recent sale price compare to the home's assessed value?
The home sold for $42.50k in July 2024, which is significantly above its last assessed value of $34.20k. This typically indicates that market conditions, specific property upgrades, or desirable lot features compelled buyers to pay a premium.
2. Is the living space considered large for the area?
Yes. With 1,500 sqft, this home ranks in the top 27% for living area on Elm Park Road and the top 23% within the Elm Park neighbourhood, making it more spacious than most comparable local properties.
3. What does the "below average" ranking for the year built mean?
Built in 1939, this home is older than about 71% of comparable homes on Elm Park Road. This isn't uncommon for established neighbourhoods and often comes with character details, but it’s a factor to consider regarding the age of some original components despite the renovated basement.
4. How does the lot size compare?
The 5,499 sqft lot is above average for Elm Park Road, ranking in the top 19%. This provides more outdoor space than many neighbouring properties, which is a valuable asset in mature neighbourhoods.
5. Are there recent comparable sales in Elm Park?
The provided data shows nearby recent sales, such as 35 Springside Drive and 51 Cunnington Avenue, which have similar assessed values and are in the same neighbourhood. These can be useful benchmarks, though direct comparisons should account for differences in condition, updates, and lot size.