Property Overview
1103 Talbot Avenue is a compact, one-storey home in Winnipeg's East Elmwood neighborhood. Built in 1953, it sits on a standard city lot of approximately 4,200 sq ft. The home itself is modest in size at 672 sq ft of living space, placing it well below the average for the area and city. It features a detached garage and an unfinished basement. The property's assessed value is notably low compared to the city-wide average, but is typical for its immediate street and neighborhood. It last sold in June 2022.
Key Characteristics & Appeal
This home’s primary appeal lies in its affordability and low ongoing property tax burden, driven by its below-average assessed value. It represents a straightforward entry point into homeownership, particularly suited for first-time buyers, investors seeking a rental property, or downsizers looking to minimize expenses and maintenance. The lot size is standard for the area, offering decent outdoor space relative to the home's footprint.
Its compact size requires efficient use of space, which could appeal to those seeking a minimalist lifestyle. While the basement is unfinished, it provides essential utility space and storage, or future expansion potential. The location on Talbot Avenue offers the practical benefits of a mature, established neighborhood. It’s important to note that the home’s living area is significantly smaller than most, so it will not suit those needing multiple bedrooms or dedicated work-from-home spaces. Its charm is functional rather than luxurious, ideal for a pragmatic buyer focused on financial fundamentals over square footage.
Frequently Asked Questions
1. Is the home in move-in condition?
The listing notes the basement is "not renovated," suggesting the main living areas are likely functional but the property may benefit from updates. A viewing is essential to determine the exact condition.
2. Why is the assessed value so much lower than the city average?
The assessed value is based on the property's characteristics (size, age, features) relative to local market values. Its modest size and basic amenities result in an assessment that is average for East Elmwood but low city-wide, where average homes are larger and more updated.
3. What are the expansion possibilities?
The unfinished basement and the decent lot size offer potential. The basement could be developed for additional living space (subject to permits), and the lot could potentially accommodate an addition, though the home's smaller existing footprint would be the starting point.
4. How does the living area compare to nearby homes?
At 672 sq ft, this home is smaller than most in the immediate area, where comparable homes average about 997 sq ft. This is its most defining characteristic and a key factor in its pricing.
5. What is the neighborhood like?
East Elmwood is a mature, no-frills residential area. The property data shows homes on Talbot Avenue and in East Elmwood are generally of similar vintage and value, indicating a consistent, established community character without extreme highs or lows.