Property Overview & Key Characteristics
This one-storey home on Talbot Avenue in East Elmwood is a practical and well-situated property. Its key appeal lies in its solid, average standing within its immediate neighborhood. With 960 sqft of living space and a renovated basement, it offers functional space for a smaller household. The detached garage and a land area just over 4,300 sqft provide valuable utility and outdoor potential. The home’s assessed value is notably modest, positioning it as an accessible entry point into the Winnipeg market.
Its true strength is context. While its size is below the city-wide average, it ranks comfortably above average for both living area and lot size on its own street. This suggests a good fit within a established, consistent neighborhood of similar homes. It would suit first-time buyers, downsizers, or practical investors looking for a straightforward, no-frills home in a community setting without a premium price tag. A thoughtful perspective is that a home ranking "around average" in its direct vicinity can often represent stability and predictability, which is appealing for long-term planning.
Frequently Asked Questions
1. How does this home compare to others in the area?
The data shows this property is very typical for Talbot Avenue and the wider East Elmwood neighborhood. Its living space, lot size, and assessed value all rank in the 30th to 55th percentile locally, meaning it is squarely in the middle of the pack, not an outlier.
2. Is the assessed value the same as the market price?
No. The assessed value of $24,600 is for municipal tax purposes. The last recorded sale was in August 2022 for $28,100. Market price is determined by current conditions and would likely differ significantly from both figures.
3. What are the implications of the home’s age?
Built in 1952, the home is older than many on its street but typical for the city. While it may have undergone updates (like the basement renovation), buyers should budget for the maintenance and potential system upgrades common with homes of this era.
4. What is the potential here for expansion or renovation?
The lot size is above average for the street, which could provide room for additions, a garden, or outdoor living space, subject to local zoning bylaws. The existing renovated basement also adds immediate flexible space.
5. Who might this property not suit?
It may not suit buyers seeking a modern, turn-key home or those needing substantial square footage, as it is below the city average for size. It’s best viewed as a solid, foundational property in a neighborhood of peers.