Property Overview: 54 Sunset Boulevard, Elm Park, Winnipeg
Section 1: Key Characteristics & Appeal
This two-storey home on Sunset Boulevard is a standout property in the established Elm Park neighbourhood. Its primary appeal lies in its generous scale and premium positioning within its immediate area. With 1,716 sqft of living space, it ranks in the top 4% of homes on its own street and the top 15% within Elm Park, offering significantly more room than local averages. The renovated basement adds functional space. The detached garage and a 5,081 sqft lot provide practical outdoor space and parking.
The home’s assessed value places it among the elite on its street, suggesting a quality level or desirability that outpaces most direct neighbours. Built in 1939, it is a character home typical of the area’s vintage, but its value is clearly driven by factors beyond age, likely including updates, layout, and location. This property would best suit buyers looking for a spacious, well-positioned home in a mature neighbourhood, who appreciate the charm of an older home but the utility of modern renovations. It’s for those who value space and established streets over a brand-new build, and who understand that a higher assessment in this context often reflects a superior offering within a sought-after locale.
Section 2: Frequently Asked Questions
1. How does the assessed value compare to the last sale price?
The home was last sold in August 2016 for $40,500. The current assessed value is $44,900, indicating a stable or slightly appreciating market value over that period, consistent with broader trends.
2. Is the lot size typical for the area?
The lot is just above average for Sunset Boulevard but below the average lot size for the wider Elm Park neighbourhood. This indicates the home itself is the primary feature here, not an exceptionally large yard.
3. What does the "top 4%" ranking for living area mean?
This statistical ranking means that 96% of comparable homes on Sunset Boulevard have less living space. It’s a quantifiable way of showing this is one of the largest homes on the block, a key differentiator.
4. The home was built in 1939. What should I consider?
While the home is older than the Winnipeg city average, it is actually around the average age for both its street and Elm Park. Buyers should expect the character and potential maintenance considerations of a near-century-old home, but also the solid construction and established streetscape common to this desirable area.
5. Are the property taxes likely to be high?
Property taxes are based on the assessed value. With an assessment in the top tier for the street, taxes will be proportionally higher than for smaller or less updated homes in the immediate vicinity, but reflective of the property’s premium standing.