Property Overview
This one-storey home at 1021 Talbot Avenue in East Elmwood presents a practical and straightforward opportunity. Its key appeal lies in its relative value and manageable scale. At 833 square feet with a renovated basement and a detached garage, it offers the essentials for comfortable living without excessive size or upkeep. The lot is a standard city size, providing decent outdoor space.
The data suggests a property that stands out more for its financial assessment than its physical footprint. While the living area is below average for both the neighborhood and the city, its assessed value is notably strong for its immediate street and is solid within East Elmwood. This indicates it may be viewed as a good value proposition relative to other homes nearby. It would suit first-time buyers seeking an entry point into the market, downsizers looking for a manageable single-level layout, or value-focused investors attracted by its stable assessment history and renovated basement potential.
Frequently Asked Questions
Is this house unusually small?
At 833 sq ft, the living area is below the average for both East Elmwood and Winnipeg overall. However, on its own street (Talbot Avenue), it ranks around the middle of the pack, suggesting the character of the immediate area includes more modestly sized homes.
What does the assessed value tell me?
The assessed value of $27,600 is above the average for Talbot Avenue and around average for East Elmwood. This can be a positive sign, suggesting the property holds its value well within its local context, even though the square footage is not large.
How updated is the home?
The listing specifically notes a renovated basement, which is a functional upgrade. The home was built in 1950, so prospective buyers should inquire about the age and condition of major systems like the roof, wiring, and plumbing.
Is the lot a good size?
The land area of 4,199 sq ft is very typical for the street and the East Elmwood area, though below the wider city average. It provides a standard city yard space.
What is the recent sales history?
The home sold in March 2021 for $27,700 and previously in August 2020 for $26,200. This recent activity shows a stable and slightly appreciating value in a short timeframe.