Property Overview: 91 Elm Park Road, Winnipeg
Section 1: Key Characteristics & Appeal
This two-storey home in Elm Park presents a practical opportunity in a well-regarded neighborhood. Its key characteristics include 1,232 sqft of living space, a renovated basement, and a 1951 build on a 4,809 sqft lot. The data reveals a home that is consistently "around average" in its immediate context for living area and assessed value, suggesting it aligns with neighborhood norms. Its appeal lies in this stability and the value of the renovated basement, which adds modern, functional space.
The property suits first-time buyers or downsizers seeking an established neighborhood without a premium price tag. A thoughtful perspective is that while the lot size is below average for Elm Park, it may translate to less maintenance—an advantage for those seeking a manageable yard. The home’s age (75 years) means potential buyers should be prepared for the character and upkeep typical of a mid-century house, but it also places the home in a more mature, settled streetscape.
Section 2: Frequently Asked Questions
1. How does this home compare to others in Elm Park?
Statistically, it is very typical for the area in terms of size and value. Its living area and assessed value rank near the middle of local comparisons. The lot is smaller than most in Elm Park, but the home itself is competitively positioned.
2. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the finishes or layout. This is a key detail to clarify with the selling agent to understand the quality and functionality of the space.
3. Is the assessed value a good indicator of the sale price?
Not directly. The home last sold for $320,000 in May 2022, while its current assessed value is $33,800. In Manitoba, assessed value is for municipal tax purposes and is typically much lower than market value. The 2022 sale price is a more relevant benchmark.
4. What are the implications of the home being built in 1951?
This means the structure is 75 years old. Buyers should prioritize a thorough inspection to assess the condition of major aging components like the roof, plumbing, electrical, and foundation, while also appreciating the established neighborhood feel.
5. There's no garage. Is street parking readily available?
The listing notes no garage. Elm Park Road is a residential street, so parking is likely available, but it’s wise to check local bylaws for any restrictions and observe parking availability at different times of day.