Property Overview: 86 Elm Park Road, Winnipeg
Key Characteristics & Appeal
This one-storey home in Elm Park is a practical and well-situated property. Built in 1952, it is notably newer than many of its immediate neighbours, which can be an advantage for maintenance and systems. The house features a renovated basement and a detached garage, sitting on a standard-sized lot of just over 5,300 sqft. With 1,040 sqft of living space, it is compact relative to other homes on Elm Park Road, placing it in the top third for size on its own street but around the city-wide average overall.
The appeal lies in its grounded, no-frills profile within a mature neighbourhood. Its assessed value is consistently around the average for its street, area, and city, suggesting it is priced appropriately without premium or discount pressures. The 2016 sale price was strong relative to assessed values at the time, indicating a history of solid market performance. This home suits first-time buyers or downsizers looking for a manageable footprint without major renovation projects, thanks to the updated basement. It’s for those who value a quiet, established area over brand-new construction and appreciate the potential stability of a home that tracks closely with neighbourhood averages.
Frequently Asked Questions
1. Is the living space too small?
At 1,040 sqft, the home is smaller than the average on its own street. However, it is very close to the city-wide average, making it a typically sized Winnipeg home. The renovated basement adds functional space.
2. How does the assessed value compare to likely selling price?
The assessed value is around average for the area. The last known sale in 2016 was for $27.5k against a then-assessed value of $33.7k, but market conditions and property improvements since then will determine the final sale price.
3. What does the "newer" build year mean for this house?
Built in 1952, it is newer than most homes in Elm Park. This can suggest updated foundational materials or wiring compared to much older homes, but a specific inspection is still essential.
4. What is the neighbourhood like?
Elm Park is a mature, established neighbourhood. The property rankings show its metrics are generally around the middle of the pack for the area, indicating it fits right into the community's character.
5. Are there any obvious drawbacks?
The home has no pool and a detached garage, which may be a consideration for some buyers. Its living area is below the street average, so space may be tighter than in neighbouring houses.