Property Overview: 574 Kent Road, East Elmwood, Winnipeg
Key Characteristics & Appeal
This two-storey home, built in 1960, stands out primarily for its generous living space. With 2,294 square feet, it ranks in the top 6% of homes on its street and the top 2% within the East Elmwood neighborhood, offering significantly more room than local averages. This positions it as a rare find for buyers seeking a spacious family home in the area without the footprint of a new build. The property includes a detached garage and a standard-sized lot, but its main appeal is the substantial interior volume.
The home suits buyers who prioritize space over turn-key condition, as the basement is noted as unrenovated. It’s an ideal project for a growing family, a multi-generational household, or a handy buyer looking to add value over time. Its strong rankings for size and year built within a well-established neighborhood suggest a solid, enduring structure. A thoughtful perspective is that this property offers the "bones" that are hard to find in its price range—space and location—while leaving room for the next owner to customize and build equity through updates.
Frequently Asked Questions
1. How does the home’s assessed value compare to its last sale price?
The home was last sold in August 2016 for $32,500. Its current assessed value is $40,300, which is above average for both the street and the East Elmwood area.
2. Is the living space typical for East Elmwood?
No, it is not typical. With 2,294 sq ft, this home is in the elite top 2% for living area in the neighborhood, where comparable homes average about 1,065 sq ft.
3. What does the ranking information for "Year Built" mean?
A 1960 build date ranks in the top 4% on Kent Road, meaning it is newer than most houses on the street. This suggests a potentially more modern construction style compared to many of its immediate neighbors.
4. What is the condition of the basement?
The listing specifically notes the basement as "not renovated." Buyers should budget for potential updates or repairs in this area.
5. How does the lot size compare?
The 5,068 sq ft lot is around average for Kent Road but is above average for the East Elmwood neighborhood as a whole, offering a decent outdoor space for the area.