Property Overview & Key Characteristics
This one-and-a-half storey home on Talbot Avenue in East Elmwood presents a practical and updated living space. Its key appeal lies in its above-average living area for both the street and neighbourhood, offering more interior space (1,148 sqft) than many nearby comparables. A recently renovated basement adds functional living space, and the property includes a detached garage. Built in 1949, it is a typical post-war home for the area.
The home’s standout feature is its strong positioning relative to its immediate surroundings. While its lot size is modest, the house itself is more spacious inside than many neighbours’ homes, suggesting efficient use of the property. The renovated basement is a significant value-add, providing modern, finished space without the need for immediate investment. This property would suit first-time buyers or downsizers looking for a move-in-ready home with character in a stable neighbourhood, particularly those who prioritize interior space and updates over a large yard. It also represents a sensible option for an owner-occupant who values being above-average for the block rather than competing in the city-wide market.
Frequently Asked Questions
1. How does this home compare in size to others on the street?
It ranks in the top 23% for living area on Talbot Avenue, meaning it is notably larger inside than most direct neighbours, whose homes average about 997 sqft.
2. What is the significance of the assessed value?
The assessed value of $26,900 is above average for Talbot Avenue but below the city-wide average. This can indicate a property that is well-regarded in its immediate locale, which may appeal to buyers focused on neighbourhood value over city-wide benchmarks.
3. Is the lot size a limitation?
The lot is 3,497 sqft, which is smaller than the average for the area. This means less yard maintenance but also less private outdoor space. The trade-off is a home that offers more interior square footage on that smaller parcel.
4. What does the sale history indicate?
The home sold previously in April 2020 for $22,500. This historical price point, significantly lower than current assessed values in the area, primarily reflects market conditions at that time and is not a direct indicator of current value.
5. Are homes here much older than the rest of Winnipeg?
Built in 1949, it is slightly newer than the average home on its street but older than the Winnipeg city-wide average. It is a characteristic age for the East Elmwood neighbourhood, suggesting a mature streetscape with established infrastructure.