Property Overview: 719 Herbert Avenue, East Elmwood
This 986 sqft bi-level home, built in 2017, presents a distinctly modern offering within its established Winnipeg neighbourhood. Its appeal lies in being a relatively new construction in an area of mostly older homes, offering move-in readiness with less immediate concern for major repairs or updates. The home features a basement (unrenovated) and sits on a 3,072 sqft lot.
Key Characteristics & Ideal Buyer
The standout feature is the home's age. Built in 2017, it ranks in the top 3% of homes on its street and top 1% in East Elmwood for newness, meaning it likely offers contemporary building standards, energy efficiency, and modern layouts uncommon for the area. With a living area that is average for the immediate street but below the citywide average, it suits efficient, low-maintenance living rather than expansive space.
Its assessed value is notably above average for both the street and the neighbourhood, reflecting its newer condition and potential premium in this market. However, the lot size is below average for East Elmwood, indicating a more compact yard. This property would ideally suit first-time buyers or downsizers seeking a modern, manageable home without the typical renovation projects of an older house. It’s also a practical choice for investors looking for a newer asset with potentially lower maintenance costs in a stable neighbourhood.
Frequently Asked Questions
1. Why is the assessed value so much higher than neighbouring properties?
The assessed value is based largely on the home's very recent build year (2017) compared to the neighbourhood's predominantly mid-20th century housing stock. This commands a premium for its modern construction and condition.
2. What does "below average" for citywide living area mean for daily life?
At 986 sqft, the home is smaller than the Winnipeg average. This suggests efficient use of space and likely lower utility costs, but may require creative storage solutions or suit those comfortable with cozier quarters.
3. The lot size is noted as "below average." How will this affect outdoor space?
The 3,072 sqft lot is smaller than most in East Elmwood. This means lower yard maintenance, but also limited space for large gardens, extensive play structures, or additions. It emphasizes the property's focus on the home itself rather than expansive outdoor living.
4. The home last sold in 2018. What does this suggest?
Having only one sale in its history (the initial purchase from the builder) indicates stability and suggests the current owners are the first occupants. There is no complex price history or frequent turnover to analyze.
5. What are the pros and cons of a newer home in an older neighbourhood?
The primary advantage is modern infrastructure, insulation, and systems, potentially reducing immediate repair costs. A less obvious consideration is that the home's style and lot size may differ from surrounding properties, which can affect streetscape character but also offer a unique, low-maintenance haven.