Property Overview: 175 Clyde Road, East Elmwood
Key Characteristics, Appeal & Ideal Buyer
This two-storey home on Clyde Road is a standout property within its East Elmwood neighborhood. Its primary appeal lies in offering above-average space and value in a well-established area. With 2,160 sqft of living area, the home is significantly larger than most in East Elmwood (ranking in the top 5% locally) and on its own street. It features a renovated basement and a detached garage. Built in 1962, it is a mature home on a standard-sized lot of just under 5,000 sqft.
The property’s strongest suit is its value proposition. It has an assessed value that ranks in the top 2% for East Elmwood, suggesting it is a substantial and well-regarded home for the area, while being more average in a city-wide context. This positions it as a "large fish in a smaller pond"—offering premium local amenities and space without a premium city-wide price tag. Its last sale was in 2021.
This home would best suit buyers looking for established character and generous interior space, who prioritize neighborhood value over a new build. It’s ideal for a growing family needing room to spread out, or for someone seeking a substantial home in a community where their investment goes further in terms of square footage and perceived value.
Frequently Asked Questions
1. How does this home compare to others on the street?
It ranks above average on Clyde Road for living space (top 26%), assessed value (top 8%), and is of a similar age to neighboring homes. It is one of the larger and more valuable properties on the block.
2. Is East Elmwood an expensive neighborhood?
This home is considered elite for East Elmwood in terms of both size and assessed value. However, its city-wide assessment is around average, meaning you get a home that is premium for this specific area at a price that is more moderate compared to Winnipeg's most expensive districts.
3. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the details. A viewing or inquiry with the listing agent is necessary to understand the finish, layout, and permitted uses of this space.
4. The home was built in 1962. What should I be aware of?
While systems like roofing, plumbing, and electrical may have been updated, a thorough inspection is crucial for a home of this age to assess the condition of original and replaced components. Its mature lot likely features established trees and landscaping.
5. How stable is the property value here?
The home’s assessed value is significantly higher than the average for East Elmwood, indicating it is a solid asset within the community. Its last sale price in 2021 was closely aligned with its current assessment, suggesting stable value appreciation in line with market trends for well-positioned homes in the area.