Property Overview
This one-storey home at 721 Herbert Avenue in East Elmwood presents a practical and well-maintained living option. Its key appeal lies in its relative modernity compared to its immediate surroundings, having been built in 1963, which is newer than most homes on its street and in the neighbourhood. The living space is a comfortable 968 square feet with a renovated basement, offering functional space for a small household. The assessed value is notably above average for the street, suggesting solid condition and updates. The lot, while smaller than many in Winnipeg, is a manageable size for low-maintenance outdoor living.
This property would suit first-time buyers seeking a move-in-ready home without the upkeep of a century-old property, or downsizers looking for a single-level layout in an established neighbourhood. Its above-average condition for the area offers a balance of affordability and immediate livability.
Frequently Asked Questions
1. How does this home compare in size to others nearby?
At 968 sqft, the living area is slightly above the average for Herbert Avenue and typical for East Elmwood, but below the Winnipeg city-wide average. It offers a comfortable footprint for the neighbourhood.
2. The lot seems smaller than average. Is that a concern?
The 3,015 sqft lot is average for Herbert Avenue but smaller than most in East Elmwood and Winnipeg. This can be a positive for buyers seeking lower yard maintenance while still having private outdoor space.
3. What does the assessed value tell us about the property?
With an assessed value ranking above average for the street, it indicates that the home’s condition, improvements (like the renovated basement), or features are likely viewed more favorably than many direct neighbours, which is a positive signal of its upkeep.
4. The home was last sold in 2019. What should I consider?
The 2019 sale price of $210k provides a recent market benchmark. Investigating what updates the current owners have made since then will be important to understand its current value.
5. How does the 1963 build year affect the home?
Built in 1963, this home is newer than most on its block and in East Elmwood. This often means more modern construction materials, electrical systems, and layout efficiencies compared to pre-war homes, potentially reducing immediate renovation needs.