Property Overview
This 884 sqft, one-storey home on a 4,780 sqft lot presents a practical opportunity in Winnipeg's East Elmwood neighborhood. Built in 1956, it features a renovated basement and a detached garage. Its key appeal lies in its above-average lot size for the immediate area, offering more outdoor space than many neighboring properties. The home’s living area and assessed value are typical for East Elmwood, positioning it as a straightforward, no-surprises entry point into the market. It would suit first-time buyers, downsizers, or practical investors looking for a manageable footprint with room to garden or expand outdoors. A thoughtful perspective is that while the house is modest city-wide, its lot size and newer build date (compared to street averages) suggest a property with a relatively strong foundation and potential within its local context.
Frequently Asked Questions
1. How does this home compare in size to others nearby?
At 884 sqft, the living space is close to the average for both Mccalman Avenue and the wider East Elmwood area. It is, however, noticeably smaller than the typical Winnipeg home.
2. What is the significance of the lot size?
The 4,780 sqft lot is a standout feature, ranking in the top 17% on its street. This means you get more yard space than most direct neighbors, which is less common in this price range.
3. Is the assessed value a good indicator of the sale price?
The assessed value is a municipal figure for tax purposes. The home last sold in 2016 for $22,200, but market conditions have changed. It’s best to use recent sales of comparable properties, not the assessed value, to gauge current market value.
4. What does the "renovated basement" include?
The listing confirms a renovated basement but does not specify the scope. This should be a key point of inquiry to understand if it’s a finished living space, updated utilities, or moisture-proofing.
5. The home is older. What should I consider?
Built in 1956, it is newer than many homes on its street. While this is a positive, any home of this age will require a thorough inspection for its roof, wiring, plumbing, and foundation to understand upcoming maintenance.