Property Overview: 118 Clyde Road, East Elmwood
Key Characteristics & Appeal
This two-storey home on Clyde Road is a standout property in the East Elmwood neighborhood, primarily due to its generous scale. With 2,294 square feet of living space, it ranks in the top 10% of homes on its street and the top 2% within East Elmwood, offering significantly more room than local averages. The home sits on a large, well-sized lot and features a renovated basement and a detached garage. Built in 1960, its age is typical for the area, suggesting a classic layout with proven, durable construction.
The appeal lies in its combination of ample interior space and a desirable location. It offers the roominess often sought in newer suburbs but within an established community. The renovated basement adds modern livability and flexible space. This property would particularly suit growing families or multi-generational households needing substantial square footage, or buyers looking for a "larger than average" home in a mature neighborhood without a premium suburban price tag. Its above-average assessment for East Elmwood indicates it is a valued asset in the local market.
Frequently Asked Questions
1. How does the home's size compare to others in Winnipeg?
City-wide, the living area is in the elite top 5%, meaning it is larger than approximately 95% of homes in Winnipeg. It offers a rare amount of space for its assessed value range.
2. Is the assessed value in line with the sale price?
The current assessed value is $404,000. It last sold in February 2017 for $331,000. As assessments are based on historical market data, a current sale price would likely differ. Consulting a recent comparative market analysis is essential.
3. What does the "above average" land area ranking mean for the lot?
The 5,663 sqft lot is above average for both Clyde Road and East Elmwood, providing good outdoor space. City-wide, it is around the median, so while spacious for the immediate area, it is not an unusually large lot for Winnipeg as a whole.
4. Who might this home not be ideal for?
Buyers seeking a brand-new, low-maintenance property or a tiny lot might find it less suitable. The home's age (1960) implies potential for older components needing attention, and the scale may be more than needed for empty-nesters or single occupants.
5. What is the significance of the renovated basement?
While the provided data confirms the renovation, it's a key feature that adds immediate value. It means additional living, recreational, or rental space is already modernized, saving the buyer from a major, costly project.