Property Overview
609 Elgin Avenue is a two-storey home built in 1895, offering a blend of historic character and practical updates. Its key appeal lies in its generous 1,720 sqft of living space, which is notably larger than most comparable homes in the immediate area and across Winnipeg. The property sits on a 3,263 sqft lot and features a renovated basement and a detached garage.
This home would suit a buyer looking for more interior room without a correspondingly large lot to maintain. It’s a compelling option for those who appreciate the established streetscape of an older neighbourhood like Centennial but need the space of a much newer home. The assessed value positions it as an accessible entry point into the area, potentially appealing to first-time buyers or small families seeking value through square footage rather than a modern build date. It’s less suited for those prioritizing a new construction home or a very large private yard.
Frequently Asked Questions
How does the 1895 build year affect the home?
While the home is historically old, the renovated basement indicates some updates have been made. Buyers should prioritize a thorough inspection to understand the condition of core systems (plumbing, electrical, roof) and the scope of renovations, as maintenance in a home of this age can differ from a modern build.
Is the living area truly larger than average?
Yes. The data shows the living area ranks in the top 10-20% compared to nearby homes, meaning it offers significantly more interior space than most properties on the same street and in the wider Centennial area.
What does the assessed value tell us about the price?
The assessed value is around average for the local area but below the citywide average. This typically suggests the home is priced in line with its immediate neighbourhood market, which may offer more affordability compared to Winnipeg as a whole.
Why is the land area ranking different from the living area ranking?
The lot is average for the street but below average citywide, while the house itself is quite large relative to the lot. This indicates a efficient use of the property, with more home and less yard—a trade-off to consider based on your preference for indoor versus outdoor space.
How should I interpret the 2017 sale price?
The $170,000 sale price from 2017 provides a historical benchmark, but market conditions have likely changed. It’s most useful for understanding past value progression; a current market evaluation is essential to determine today’s price.