Property Overview: 65 Sunset Boulevard, Elm Park, Winnipeg
Section 1: Key Characteristics & Appeal
This is a compact, one-storey home built in 1942, situated on a standard city lot in the established Elm Park neighbourhood. Its key characteristic is its modest 652 sqft living area, which is notably smaller than most homes on its street and in the wider area. However, its assessed value is relatively in line with local and city averages, suggesting the value is anchored more in its location and lot than its interior size. The home does feature a renovated basement, adding functional space, and a detached garage.
The primary appeal lies in its efficiency and affordability within a mature neighbourhood. It represents a lower entry point into a well-located area, ideal for a first-time buyer, a downsizer, or an investor. The renovated basement offers potential for a rental suite (subject to zoning) or flexible living space, which helps offset the smaller main floor. A thoughtful perspective is that while the house is small, its vintage (older than most on the street) may appeal to those seeking classic charm, and its manageable scale translates to lower maintenance costs and utility bills. This property suits a practical buyer who prioritizes location and financial accessibility over square footage, and who sees potential in maximizing the use of the basement and lot.
Section 2: Frequently Asked Questions
1. Is the house too small for comfortable living?
While the above-ground living area is compact, the renovated basement effectively doubles the usable space. The layout and how the basement is finished will be key to its functionality for daily living.
2. Why is the assessed value average when the house is so much smaller than neighbours?
The assessment reflects more than just living area. It accounts for the desirable Elm Park location, the lot value, the renovated basement, and the overall property condition, balancing the smaller main footprint.
3. What are the implications of the home's age (1942)?
The home is older than most on Sunset Boulevard. This can mean character but also necessitates a thorough inspection for aging components like wiring, plumbing, and the foundation, even with a renovated basement.
4. Is there potential to expand or rebuild?
The lot size is standard for the area. While expanding the existing structure may be possible, the smaller original home could make an addition more feasible than on a lot already filled by a larger house. Long-term, the lot itself holds redevelopment potential.
5. How does the last sale price in 2016 compare to today's value?
The home sold for $23,100 in 2016. Its current assessed value of $31,100 indicates market growth, but the final sale price will be determined by current market conditions, the unique nature of the small home, and buyer competition.