Property Overview: 98 Elm Park Road, Winnipeg
Section 1: Key Characteristics & Appeal
This one-storey home in Elm Park is a practical and straightforward property. Its key characteristic is its efficient, renovated basement, adding valuable living space to the 972 sqft main floor. Built in 1953, it is notably newer than many homes on its street and in the Elm Park area, which can be an advantage for systems and upkeep.
The appeal lies in its position as a solid, no-fuss entry point into a established neighborhood. The lot is a generous and fairly standard size for the area, offering outdoor space without excessive maintenance. With no garage or pool, the property avoids the higher upkeep costs associated with those features. The assessed value is consistently around the average for its immediate area, suggesting it is priced in line with local norms.
This home would suit first-time buyers seeking a manageable footprint, downsizers looking for single-level living with a finished basement for family or hobbies, or value-focused investors interested in a stable rental property. It’s for someone who prioritizes location and function over luxury amenities.
Section 2: Frequently Asked Questions
1. How does the living space compare to nearby homes?
At 972 sqft, the main living area is below the average for Elm Park Road and the city overall. However, the renovated basement provides additional functional space, making the total usable square footage more competitive.
2. Is the 1953 build date a concern?
Interestingly, for this specific street and neighborhood, a 1953 build is considered above average, as many surrounding homes are older. While still an older home, it may have benefited from newer construction techniques for its time compared to immediate peers.
3. What does the "around average" assessed value indicate?
The assessed value is consistently near the median for the street, neighborhood, and city. This suggests the property is not uniquely over- or under-valued by tax assessment standards, providing a stable baseline for comparison with similar homes.
4. Are there any obvious missing features to budget for?
The property has no garage. Buyers should factor in the cost of alternative parking solutions or potential future construction, as well as the lack of a pool if that is a desired amenity.
5. How does the lot size impact the property?
The lot is just over 5,300 sqft, which is typical for the area. It offers a good balance of yard space and manageable upkeep, but is not unusually large. Its "around average" size means it aligns with neighborhood character without standing out.