Property Overview
This 884 sqft, one-storey home on a 4,267 sqft lot presents a practical and affordable entry point into Winnipeg’s East Elmwood neighbourhood. Built in 1956, it features a renovated basement and a detached garage. Its key appeal lies in its relative value and proportion: while its living space is modest city-wide, it is competitively sized for its immediate area and sits on a lot that is larger than many local comparables. The recent sale price suggests it was positioned as a value-conscious option. This home would suit first-time buyers, downsizers, or investors looking for a straightforward, lower-maintenance property with renovation potential, particularly in the main floor living area. A thoughtful perspective is that its "average" metrics within the neighbourhood signal stability and predictability, rather than standing out as an outlier, which can be an advantage for long-term value.
Frequently Asked Questions
1. How does the size of this home compare to others nearby?
At 884 sqft of living area, this home is slightly below the average for East Elmwood but ranks near the middle (Top 48%) for homes on Mccalman Avenue itself. It offers a compact, efficient layout typical of many well-established neighbourhoods.
2. What does the assessed value indicate?
The assessed value is significantly lower than the city-wide average home assessment, which is common for older, more modest homes in neighbourhoods like East Elmwood. It’s important to note that assessed value for tax purposes is different from market value, as evidenced by the home's recent sale price.
3. Is the lot size a positive feature?
Yes. The lot is over 4,200 sqft, which is above average for both the street and the East Elmwood area. This provides valuable outdoor space and potential that many similarly priced homes in newer developments may not offer.
4. What might the "renovated basement" entail?
The listing notes a renovated basement, which typically means finished living space. Buyers should verify the scope, quality, and permits of this renovation, as it can add functional living area to the otherwise compact main floor plan.
5. Who would this property not suit?
It may not suit buyers looking for a move-in-ready home with modern, open-concept layouts, or those requiring substantial main-floor living space for a growing family. The value here is in the land, location, and basement potential, not in high-end finishes or square footage.