Property Summary: 639 Kent Road, East Elmwood, Winnipeg
Key Characteristics & Appeal
This two-storey home, built in 1960, stands out primarily for its exceptionally generous living space. With nearly 3,000 square feet, it ranks in the top 1% of homes locally for size, offering roominess that is rare in its neighborhood and across Winnipeg. The property features a detached garage and a full, unrenovated basement on a standard-sized lot.
The core appeal lies in its value proposition as a spacious canvas. It is a home for buyers who prioritize ample square footage over turn-key finishes, presenting a clear opportunity for customization. The assessed value is strong for the East Elmwood area, suggesting a solid foundation of equity. This property would best suit practical buyers looking for a large family home, or investors/renovators who see potential in the existing structure and are prepared to update the basement and interiors to modern standards. It offers a chance to create significant personalized value in a well-established community.
Frequently Asked Questions
1. What does "Elite – Top 1%" for living area actually mean?
It means this home's interior square footage is larger than 99% of comparable properties in East Elmwood. You are getting a home that is significantly more spacious than the neighborhood average.
2. The basement is noted as "not renovated." What should I expect?
Expect a functional but dated space. It's a full basement offering substantial additional area, but it will likely require investment to modernize it for contemporary living, entertainment, or rental purposes.
3. How does the 2016 sale price relate to the current assessed value?
The home sold for $38,300 in 2016 and is now assessed at $46,600. This increase reflects market changes and potentially some improvements, but the assessed value is primarily for municipal tax purposes and is not a direct indicator of current market price.
4. The home is older (1960). Are there any major system concerns?
While the year built is not unusually old for the area, a home of this age will require diligent inspection of major systems like plumbing, electrical, roofing, and the foundation to understand any needed updates or repairs.
5. The lot size is noted as "around average." Is there room for expansion?
With a lot just over 5,000 square feet, outdoor space is typical for the street. There may be some scope for additions like a deck or garden suite, subject to local zoning bylaws, but the lot is not oversized. The property's standout feature is the interior space, not the land.