Property Overview
This one-and-a-half storey home in Elm Park presents a classic Winnipeg character home on a notably large, mature lot. Built in 1949, its key appeal lies in the combination of a renovated basement and a generous, private land parcel of over 8,000 sq ft—a rarity that ranks in the top 2% for size on its street. With 1,200 sq ft of living space and a detached garage, it offers a grounded, established lifestyle.
The home suits buyers looking for a solid foundation in a sought-after neighbourhood, prioritizing outdoor space and long-term value over brand-new finishes. It’s particularly well-matched for those who appreciate the charm of older homes and see potential in the existing footprint and expansive yard, whether for gardening, family play, or future projects. The renovated basement adds immediate functional living space, a practical advantage. While the living area is average for the area, the property’s standout lot size and street ranking suggest a premium location within Elm Park, offering more privacy and scope than typical parcels.
Frequently Asked Questions
1. What does the "Top 98% in same street" ranking for land area actually mean?
It means this property's lot is larger than 98% of the other lots on Sunset Boulevard. With 8,005 sq ft, it is one of the largest properties on the street, offering significant outdoor space.
2. The assessed value seems low compared to some nearby properties. Why is that?
Municipal assessed value for taxation purposes often doesn't directly reflect current market value, especially for older homes that may have renovations or unique lot advantages. It's a baseline for taxes, not a sale price. A home with a similar assessed value on a standard lot would likely have a very different market price than this one with its oversized lot.
3. Is the renovated basement a legal suite?
The details provided only state it is "renovated." This does not confirm it is a legal, rentable secondary suite. A buyer would need to verify its status with the listing agent and the city to understand if it meets all code requirements for a separate dwelling.
4. How does the age of the home (77 years) factor into maintenance?
While the home has been maintained, a house of this age will likely have older major systems (like plumbing, electrical, and the roof) that may need attention or updating. The renovated basement is a positive, but a thorough inspection is essential to understand the condition of the original structure and systems.
5. The comparable listings show a wide range of assessed values. What does that tell us about the area?
Elm Park is a mature neighbourhood with homes spanning many decades, resulting in a diverse mix of sizes, conditions, and lot types. This variety means value is highly specific to each property's attributes—like this home's very large lot—rather than a uniform price per square foot. It underscores the importance of evaluating each home on its own merits.