Property Overview
This two-storey home at 261 Ellen Street in Winnipeg's Centennial neighbourhood presents a compelling blend of space, modernity, and location. Its key appeal lies in a generous, above-average lot size (4,427 sq ft) that offers significant outdoor potential for a mature neighbourhood. The home itself is notably newer than most in the immediate area, built in 1985, suggesting fewer concerns about aging core systems compared to its century-old counterparts. A recently renovated basement adds functional living space, and the detached garage provides flexibility.
The property suits practical buyers looking for a solid, move-in-ready foundation in a well-established area. It's ideal for those who value a larger private yard over a massive interior, as the living space is average for the city. The sale price reflects a premium for the street and neighbourhood, indicating a desirable, stable location. This home would particularly resonate with buyers seeking a low-maintenance property without sacrificing outdoor room, or those who appreciate a house that stands out as a relatively modern build on a street with much older homes.
Frequently Asked Questions
How does the lot size compare practically?
The lot is in the top 7% on its street and top 13% in Centennial, meaning it's significantly larger than many neighbouring properties. This translates to more privacy, garden space, or room for additions like a shed or deck compared to typical area homes.
The assessed value seems low. Why?
The assessed value ($21.3k) is for taxation purposes only and is not an indicator of market value. The recent sale price of $250k is the true market indicator. The assessment is notably higher than area averages, which actually suggests the municipal valuation recognizes the property's above-average attributes.
What does "newer than average" mean for a 1985 home?
In this context, it's a relative advantage. With many homes in Centennial dating to the early 1900s, a 1985 build likely means updated electrical, plumbing, and insulation standards from the outset, potentially reducing immediate renovation needs.
Is the sale price typical for the area?
The $250k sale price ranks in the top 7% for both the street and the broader Centennial neighbourhood, confirming it as a premium purchase for this location. It reflects the value placed on the larger lot, newer construction, and renovated basement.
What is the living space like for a family?
At 1,238 sq ft, the living area is average for Winnipeg. It suggests a comfortable but not sprawling layout. The renovated basement effectively increases usable space, making it suitable for a small family or those who prioritize yard space over interior square footage.