Property Overview: 341 Milford Street, East Elmwood
Key Characteristics & Buyer Appeal
This two-storey home on a spacious 5,600 sqft lot stands out for its generous proportions and established neighborhood feel. With 2,304 sqft of living space, it ranks in the top tier for size both within East Elmwood and on its own street, offering significantly more room than area averages. The home features a renovated basement and a detached garage. Built in 1960, it is a well-situated property in a mature area, with an assessed value that reflects its above-average standing locally.
Its primary appeal lies in offering substantial interior space—a relative rarity—within a neighborhood context. This isn't just a larger house; it's a home that provides room to grow without the premium often associated with newer, sprawling suburbs. The lot size is also a notable asset, providing ample outdoor space for gardening, play, or future additions.
This property would best suit practical buyers who prioritize space and value over a brand-new build. It’s ideal for growing families needing multiple bedrooms and living areas, or for multigenerational living facilitated by the renovated basement. It also appeals to value-conscious purchasers who understand that a home ranking in the top 1% of its neighborhood for size represents a unique opportunity to get more square footage for their investment in a settled community.
Frequently Asked Questions
1. How does the home’s size compare to others nearby?
Exceptionally well. With 2,304 sqft, this home is larger than 99% of properties in East Elmwood and ranks 2nd largest out of 18 on Milford Street itself.
2. What does the assessed value indicate?
The assessed value of $44,600 places the property in the top 1% for East Elmwood, suggesting it is considered a high-value asset relative to its immediate neighbors and area norms.
3. Is the lot a good size?
Yes. At 5,600 sqft, the lot is larger than 90% of lots in East Elmwood and is the largest among the 18 comparable properties on Milford Street.
4. When was it last sold, and for how much?
The home sold in June 2021 for $360,000. This sale price was in the top 10% for the East Elmwood area at that time.
5. What is less obvious about this property’s position?
While its size is elite for the neighborhood, its city-wide rankings tell a nuanced story. The living space is still in the top 5% for Winnipeg, but the lot size and year built are closer to the city-wide average. This highlights that you are purchasing a standout home for this specific, established community, which often carries different value than a comparable property in a newer subdivision.