Property Overview
This one-storey home at 82 Talbot Avenue in Winnipeg's Glenelm neighborhood presents a solid, above-average offering within its immediate context. Its key appeal lies in a combination of a renovated basement, a detached garage, and a notably high assessed value relative to its street and area, suggesting strong underlying value. With 1,102 sqft of living space, it sits comfortably above the average for Talbot Avenue. The 1954 build date makes it a newer home compared to many in the historic Glenelm area. It would suit a first-time buyer or downsizer looking for a manageable, single-level layout in an established neighborhood, or an investor attracted by the modernized basement suite potential and the property's standout assessment metrics on its street.
A less obvious perspective is that while the lot size is modest city-wide, it is actually above average for Glenelm, offering a good balance of outdoor space without excessive maintenance. Furthermore, the home's "elite" assessed value ranking on its street indicates it is perceived as a premium property in that specific micro-market, which can be a stabilizing factor.
Frequently Asked Questions
1. What does the "Elite" assessed value ranking mean?
It means the property's municipal assessed value is in the top 5% of all homes on Talbot Avenue. This typically reflects recent improvements, desirable lot characteristics, or a favorable condition relative to its immediate neighbors.
2. Is the basement renovation a legal suite?
The listing confirms a renovated basement but does not specify if it is a legal, rentable secondary suite. This is a crucial point to verify with the seller and the city for compliance and insurance purposes.
3. How does the 1954 build year affect the home?
While older, this build date is actually newer than most homes in Glenelm. Buyers should still expect age-related maintenance but may benefit from slightly more modern construction materials and layouts compared to much older neighborhood stock.
4. The last sale was in 2020. Why is that relevant?
The 2020 sale price provides a recent benchmark, but the current assessed value has likely been updated since then. The gap between the past sale price and the current high assessment can indicate significant improvement or a strong market shift on the street.
5. What are the implications of the detached garage?
A detached garage offers flexibility and can reduce noise transfer from vehicles to the living space. However, it requires going outdoors to access, which is a consideration during Winnipeg winters. It may also allow for more creative use of the backyard space.