Property Overview
48 Chester Street is a two-storey home in Winnipeg's East Elmwood neighbourhood, built in 1957. Its key appeal lies in offering above-average space and land for the immediate area, presenting a solid value proposition within a well-established community.
Key Characteristics & Suitability
This home's primary strength is its generous proportions relative to its East Elmwood context. With 1,630 sqft of living space, it ranks within the top 12% of homes in the neighbourhood for size, offering more room than the area's typical 1,065 sqft home. It sits on a 5,506 sqft lot, which is also notably larger than the local average. A renovated basement adds functional living space. The home lacks a garage and pool, keeping maintenance simpler.
Its appeal is grounded in practicality and space. For buyers, it represents an opportunity to acquire a home that feels roomier than many in the neighbourhood without a premium city-wide price point, as its last sale price and assessed value are competitive. It would suit a growing family, a multi-generational household, or anyone seeking a character home with ample yard space in a mature, no-frills neighbourhood. A thoughtful perspective is that while the home itself is from the late 1950s, its lot size is a legacy feature more common to earlier builds, offering potential for gardening, expansion, or simply more private outdoor space than newer subdivisions provide.
Frequently Asked Questions
1. How does this home compare in size to others nearby?
It is significantly larger than most homes in East Elmwood, ranking in the top 12% for living area in the neighbourhood. It offers about 565 more sqft than the area average.
2. What is the property's value history?
The home was last sold in September 2023 for $400,000. Its current assessed value for tax purposes is $35,600.
3. Is the lot size typical?
No, the 5,506 sqft lot is well above the East Elmwood average (4,390 sqft), placing it in the top 11% locally for land area.
4. What should I know about the basement?
The listing specifies the basement has been renovated. Prospective buyers should inquire about the scope of the renovation, permits, and the current finish and use of the space.
5. How does the age of the home compare?
Built in 1957, it is slightly newer than the average home in East Elmwood (1953). This suggests major components like wiring or plumbing may be from a somewhat more modern standard, though a thorough inspection is always recommended.