Property Overview
This one-storey home at 1036 Talbot Avenue in East Elmwood is a compact, efficiently laid-out property. Its key appeal lies in its renovated basement and a lot size that is very typical for the immediate neighbourhood. At 768 sqft, the living space is notably smaller than average for Winnipeg, positioning this as a true starter home or a downsizing opportunity. The detached garage adds practical storage or workshop space. A thoughtful perspective is that its "below average" size city-wide can be a benefit, offering lower utility costs and less maintenance. It would best suit first-time buyers seeking an entry point into the market, practical downsizers looking to simplify, or investors seeking a manageable rental property. Its average assessed value for the area suggests it is priced in line with local expectations, not carrying a premium for extra space or luxury finishes.
Frequently Asked Questions
1. How does the home's size compare to others nearby?
The living area is 768 sqft, which is smaller than most homes on Talbot Avenue and in the East Elmwood area. This makes it one of the more compact options, which is reflected in its pricing.
2. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the details. A buyer should inquire about the scope of work, permits, and the current layout (e.g., whether it includes a legal suite, bedroom, or simply finished living space).
3. Is the assessed value a reliable indicator of the sale price?
The assessed value is $25,400, which is used for calculating property taxes. It is not a market valuation. The home last sold in 2017 for $21,600, so the current sale price will be determined by market conditions.
4. What are the implications of the home's age (built in 1955)?
Being built in 1955 makes it newer than many homes on its street. However, buyers should still prioritize a thorough inspection for aging components like the roof, wiring, and plumbing, which may be original or have been updated over time.
5. How does the lot size affect the property?
The lot is 4,170 sqft, which is very standard for the street and neighbourhood. It provides a decent backyard space but is smaller than the city-wide average. This is typical for the area and offers a manageable amount of outdoor maintenance.