Property Overview
This one-storey home at 302 Keenleyside Street in East Elmwood presents a practical opportunity centered on its land and location. Built in 1955, the 833 sqft house is modest in size, ranking below average for living space in its immediate area and across Winnipeg. The home features a detached garage and an unrenovated basement. Its most standout characteristic is the 5,759 sqft lot, which is significantly larger than most in the neighbourhood, ranking in the top 8% on its street. The assessed value is around average for East Elmwood.
The appeal here lies in the potential of the generous lot, offering space for gardening, expansion, or future outdoor amenities—a rarity in this price segment. It suits a value-conscious buyer, such as a first-time homeowner comfortable with a smaller footprint or an investor looking for a land-play, who is prepared for the maintenance of an older home and sees opportunity in the existing structure or the sizable yard. It’s a property where the land is the primary asset, and the house represents a functional starting point.
Frequently Asked Questions
1. How does the home’s size compare to others?
At 833 sqft, the living area is below the average for similar homes on Keenleyside Street (1,023 sqft) and in the East Elmwood area (1,065 sqft). This indicates a compact, efficient layout.
2. What is the significance of the lot size?
The 5,759 sqft lot is a key feature, ranking in the top 10% for size within the neighbourhood. This offers more private outdoor space than is typical for the area.
3. What is the condition of the basement?
The listing notes the basement exists but is "not renovated." Buyers should budget for inspections to understand its current state and potential.
4. Has the property value been stable?
Based on past sales, the price has appreciated from $22.5k in 2020 to $26.7k in 2021. The current assessed value is consistent with the local area average.
5. What type of neighbourhood is East Elmwood?
East Elmwood is a mature, established neighbourhood. The home’s metrics (like year built and assessed value) are generally around area averages, suggesting it fits the character of a stable, no-frills community.