Property Overview: 323 Milford Street, East Elmwood
Key Characteristics & Appeal
This two-storey home at 323 Milford Street presents a solid, spacious offering in Winnipeg's East Elmwood neighborhood. Built in 1960, it is a newer construction compared to many homes in the immediate area, potentially suggesting fewer concerns with aging core components. The 2,072 sqft living area is notably spacious for East Elmwood, placing it well above the neighborhood average and providing ample room for families or those who value space. A key, less obvious asset is the generous 5,600 sqft lot, which is larger than most on the street and in the community, offering valuable outdoor space and future potential.
The home’s appeal lies in its above-average scale for the area combined with practical updates, including a renovated basement. The detached garage adds utility, and the property’s assessed value is strong within East Elmwood, indicating a well-regarded asset in its local market. It would best suit buyers looking for a move-in ready, sizeable family home in a established neighborhood without paying a premium for a newer suburb. It’s also a sensible choice for those who prioritize lot size and interior square footage over a central or luxury location.
Frequently Asked Questions
1. How does this home compare in size to others nearby?
With over 2,000 sqft of living space, this home is significantly larger than the average East Elmwood house (approx. 1,065 sqft). On its own street, it is also above the local average, offering more interior space than most direct neighbors.
2. What is the significance of the lot size?
At 5,600 sqft, the lot is larger than about 90% of properties in East Elmwood. This provides a more substantial yard than is typical, which is a valuable and fixed feature for gardening, recreation, or future expansions like a deck or shed.
3. Is the assessed value high?
The assessed value is strong for East Elmwood, placing it in the top 7% of the neighborhood. This suggests it is viewed as a higher-value property within its immediate market context, though it is around the city-wide median.
4. What does the sale history indicate?
The property sold recently in January 2024. This provides a clear, current market price benchmark, offering transparency that older sales histories lack.
5. How does the age of the home factor in?
Built in 1960, the home is newer than the average house in both East Elmwood and on Milford Street. While still a mature home, this can be an advantage, potentially meaning updates to major systems (like electrical or plumbing) may have already been addressed in a more modern era of building standards.