73 Talbot Avenue

Property Summary: 73 Talbot Avenue, Winnipeg

Key Characteristics & Appeal

This two-storey home in Glenelm is distinguished by its exceptional size and value within its immediate area. At 2,410 sqft of living space, it ranks in the top 1% of homes on Talbot Avenue and within the Glenelm neighborhood, offering significantly more room than local averages. It features an attached garage and a renovated basement. The appeal lies in its rarity: it's a substantially larger home on a standard city lot in an established neighborhood, providing the space of a newer suburban property with the mature setting of an inner-city community. Its assessed value also ranks in the top 1% locally, indicating it is viewed as a premium property for the area.

This home would best suit buyers who prioritize interior space over vast outdoor land, and who seek an established neighborhood character. It’s ideal for a growing family needing multiple bedrooms and living areas, or for someone who values a renovated basement for extended living or recreational space. A thoughtful perspective is that this property represents an efficient use of land—it delivers maximum living area without requiring extensive lot maintenance, appealing to those who want space but not the upkeep of a large yard.

Frequently Asked Questions

1. How does the home’s age (built in 1960) affect its value and condition?
While newer than most homes on its street and in Glenelm, being 66 years old means potential buyers should budget for updates to major aging components like the roof, windows, or plumbing. Its "above average" ranking for year built locally suggests it may require less immediate heritage-style restoration than older neighbors.

2. The sold price history shows a significant increase. What does this indicate?
The sold price increased from approximately $31.5k-$34.5k in 2017 to $52.5k-$55.5k in 2024. This sharp rise likely reflects the home's premium positioning, major renovations (including the basement), and strong market trends for spacious, updated homes in established neighborhoods.

3. The land area is noted as "below average" citywide. Is that a concern?
This is relative. At 4,179 sqft, the lot is typical for Glenelm and Talbot Avenue. The "below average" citywide ranking reflects comparisons to newer suburbs with larger lots. For buyers seeking an inner-city location, the lot size is standard, and the trade-off is the exceptionally large interior living space.

4. Who determines the "Elite" or "Top 1%" ranking?
These rankings are generated by comparing this property's specific metrics (like living area and assessed value) against all other homes on the same street, in the wider Glenelm area, and across the entire city. They are statistical comparisons based on public data, highlighting how this property stands out locally.

5. What might explain the high assessed value relative to the citywide average?
The citywide average assessed value for comparable homes is listed as $390k, which is much higher than this home's $52.80k assessment. This significant discrepancy strongly suggests the data is presenting an incorrect citywide average figure in this summary. The accurate context is that this home's assessment is elite for its specific neighborhood and street, which are historically lower-assessment areas. Buyers should verify current municipal assessment and market value through a real estate professional.