Property Overview: 1043 Talbot Avenue, East Elmwood, Winnipeg
Section 1: Key Characteristics & Appeal
This one-and-a-half storey home, built in 1953, presents a practical opportunity in Winnipeg's East Elmwood neighborhood. Its key characteristics include 1,103 square feet of living space, a detached garage, and a full, unrenovated basement on a standard 4,009 sqft lot. The home’s primary appeal lies in its solid positional value within its immediate context. It ranks above average for living space compared to other homes on Talbot Avenue and in East Elmwood, offering more room than many peers locally. Its assessed value is modest, positioning it as an accessible entry point into the housing market.
This property would suit first-time buyers or practical investors looking for a home with good foundational space in a established neighborhood. Its unrenovated basement and overall condition suggest it's ideal for someone comfortable with gradual updates or who values the potential to add value over time. A less obvious perspective is that its "around average" rankings across most metrics for the street and area indicate a stable, predictable investment without the premium of a standout property, which can be an advantage for budget-conscious planning. It’s a home that offers more interior space than many in the vicinity, which is a notable asset, while other features like the lot size and year built are squarely in line with local norms.
Section 2: Frequently Asked Questions
1. How does this home's size compare to others in the area?
At 1,103 sqft, the living area is above average for both Talbot Avenue and the wider East Elmwood neighborhood, ranking in the top 27% in both categories. You are getting more interior space than many comparable local homes.
2. What is the property's assessed value, and how does that compare?
The assessed value is $24,400. This is around the average for Talbot Avenue and East Elmwood, but below the citywide average. This reflects the home's positioning as a more affordable option within the broader Winnipeg market.
3. What should I know about the condition of the home?
The listing notes the basement is "not renovated." Buyers should budget for potential updates and plan for a thorough inspection, as the home is 73 years old and likely requires modernizing.
4. Is the lot size typical for the area?
Yes. The 4,009 sqft lot is very close to the average for both Talbot Avenue and East Elmwood. It provides a standard outdoor space for the neighborhood but is below the much larger citywide average lot size.
5. When did it last sell, and for how much?
The home sold in March 2018 for $200,000. This sale price was above the average for similar properties on the street, in the area, and citywide at that time, indicating a history of strong local value.