Property Overview & Key Characteristics
70 Elm Park Road is a classic one-storey home built in 1924, offering a blend of historic charm and practical updates. Its key appeal lies in its location within the established Elm Park neighbourhood, featuring a renovated basement and a detached garage. The living space is compact at 873 sq ft, placing it below average in size for the area, but it sits on a standard city lot of just over 5,300 sq ft. The home’s assessed value is consistently around the average for its immediate street and broader neighbourhood, suggesting it is priced in line with local market norms.
This property would suit a first-time buyer or downsizer looking for a manageable, single-level footprint in a mature community. Its below-average square footage for the area means it may represent a more accessible entry point into Elm Park. The renovated basement adds functional space, appealing to those who value flexible living areas over expansive main-floor square footage. A thoughtful perspective is that this home offers the character and location of an older neighbourhood without the premium often attached to larger, updated heritage homes, making it a pragmatic choice.
Frequently Asked Questions
Is this a small house?
Yes, at 873 sq ft of living area, it is notably smaller than the average home on its street and in the Elm Park area. This makes it efficient and manageable, but may require creative use of space or utilize the renovated basement for additional living needs.
How does its assessed value compare?
The home’s assessed value is consistently around the median—neither high nor low—when compared to similar properties on Elm Park Road, in the wider neighbourhood, and across Winnipeg. This indicates a stable, market-typical valuation.
What does the sale history show?
The property has sold three times since late 2016. The sale prices have varied, showing activity but not an extreme pattern of appreciation or decline. This history suggests it’s a fairly liquid property in its market segment.
Is the lot size a pro or con?
The lot is approximately 5,314 sq ft, which is very average for the street and neighbourhood. It provides standard outdoor space for a city home but is not unusually large or small, offering typical potential for gardening or yard use.
Given its age, what should I consider?
Built in 1924, it is older than most homes on its street and in the city. While it offers classic character, a prudent buyer should prioritize inspections for foundational integrity, plumbing, electrical systems, and insulation to understand any needs inherent to a century-old home.