Property Overview: 56 Cunnington Avenue, Elm Park, Winnipeg
Section 1: Key Characteristics & Appeal
This one-and-a-half storey home, built in 1944, presents a classic Winnipeg character home opportunity in the established Elm Park neighbourhood. Its key appeal lies in a balanced profile: it offers a living space of 1,116 sqft that is average for the area, paired with a land area of 5,200 sqft that is notably above average for its specific street. This suggests a good ratio of house to yard, providing valuable outdoor space. The home features a detached garage and an unrenovated basement, indicating potential for customization. Its assessed value sits around the average mark for the city, suggesting a reasonably priced entry point into a mature neighbourhood.
The property would suit a practical buyer who values space and potential over immediate turn-key perfection. It’s a fit for first-time homeowners comfortable with a project, or an investor looking for a character property with a solid lot size. The unrenovated basement and average interior space mean the appeal is grounded in the fundamentals—location, lot size, and the chance to add value over time—rather than in high-end finishes.
Section 2: Frequently Asked Questions
1. How does the lot size compare to others?
The 5,200 sqft lot is a standout feature, ranking in the top 10% for size on Cunnington Avenue itself. It offers more outdoor space than many immediate neighbours, which is a significant advantage for gardening, play, or future expansion.
2. What is the neighbourhood like?
Elm Park is a long-established, central Winnipeg neighbourhood. The property data shows homes here are of a similar vintage and scale, indicating a consistent, quiet streetscape with mature landscaping.
3. What should I know about “unrenovated basement”?
This typically means the basement is in original or functional condition, but not modernized. It presents both a project and an opportunity. Buyers should budget for potential updates and include a thorough inspection to assess insulation, moisture control, and mechanical systems.
4. How does the assessed value relate to the likely sale price?
The home last sold in January 2021 for $270,000. Its current assessed value is $305,000. While assessments are for tax purposes, this gap and the sale history provide a benchmark, but the final sale price will be determined by current market conditions and the home’s specific state.
5. Is the living space sufficient for a growing family?
At 1,116 sqft, the living area is slightly below the neighbourhood average. The one-and-a-half storey layout and unrenovated basement mean creative use of space will be important. The generous lot size, however, offers a valuable compensatory benefit—room for children to play or for a future addition, subject to zoning.