Property Overview: 50 Sunset Boulevard, Elm Park, Winnipeg
Section 1: Key Characteristics & Appeal
This one-storey home in Elm Park is defined by its compact efficiency and well-situated lot. With 716 sqft of living space, it is notably smaller than most area homes, placing it in the top 1-2% for compact size locally. This characteristic shapes its core appeal: it's a manageable, low-maintenance property with a recently renovated basement. The assessed value is firmly in the average range for the street and neighbourhood, suggesting it is priced in line with its location rather than its square footage.
The appeal lies in its potential as a practical entry point into a mature neighbourhood like Elm Park. It suits buyers seeking affordability and simplicity—such as a first-time homebuyer, an empty-nester looking to downsize, or an investor seeking a straightforward rental property. The detached garage and a 5,080 sqft lot that is average for the street offer valuable outdoor space and flexibility not always found with smaller homes. A thoughtful perspective is that its smaller size and average valuation could represent a lower barrier to entry for renovating or expanding over time, with the foundational work on the basement already complete.
Section 2: Frequently Asked Questions
1. Is the house too small for comfortable living?
While its living area is below average, the renovated basement effectively adds usable space. The layout and functionality will be key. It's best suited for individuals, couples, or small families who prioritize location and yard space over a large interior footprint.
2. How does the assessed value compare to the last sale price?
The home was last sold in August 2022 for $37,600. Its current assessed value is $33,500. As assessments are for taxation purposes and market conditions change, a buyer should use this as one data point alongside a current market evaluation.
3. What are the implications of the home's age (built 1931)?
The age is typical for Elm Park. It means potential for classic charm and established trees, but also warrants a thorough inspection for the condition of major systems like wiring, plumbing, and the foundation, which may have been updated over time.
4. The lot size is noted as "below average" for Elm Park. Is it still a good size?
At just over 5,000 sqft, the lot is below the neighbourhood average but is perfectly standard for Sunset Boulevard itself. It provides a balanced outdoor space that is manageable without being overly expansive.
5. Who might this property not suit?
It may not suit buyers who need multiple bedrooms, dedicated home office spaces, or who simply prefer newer, open-concept layouts. Those needing ample indoor space for a growing family or frequent entertaining would likely find it restrictive.