Property Overview
This one-and-a-half storey home on Talbot Avenue in East Elmwood presents a practical opportunity. Built in 1948, its 900 sqft living space is typical for the immediate area but offers a recently renovated basement, adding functional space. The standout feature is its generous 5,740 sqft lot, which is significantly larger than most in the neighbourhood, offering ample outdoor potential. With a detached garage and an assessed value that sits in the middle range for East Elmwood, it represents a grounded entry point into the Winnipeg market.
The appeal here is in its balance and potential. The lot size is a true asset for gardening, play, or future expansion, a rarity compared to newer subdivisions. It suits first-time buyers looking for a manageable home with a bit of character, or practical investors seeking a stable rental property in an established community. It’s not a luxury offering, but a solid, no-frills home where value is derived more from land and location than from high-end finishes.
Frequently Asked Questions
What is the neighbourhood like?
East Elmwood is a long-established, residential neighbourhood in Winnipeg. It offers a mix of older character homes and more recent infill, providing a community-focused atmosphere with local amenities within reach.
How does the lot size compare?
The lot is a key feature. At over 5,700 sqft, it is notably larger than the average lot in East Elmwood (approx. 4,390 sqft), offering more private outdoor space than most properties in the area.
What does "around average" for assessed value mean?
The home’s assessed value is ranked near the middle compared to similar homes in East Elmwood. This suggests it is priced consistently with neighbourhood norms, not as a bargain nor a premium, which can indicate stability.
Is the basement renovation a full suite?
The listing notes a renovated basement, but does not specify if it is a legal suite. Buyers should verify with the municipality regarding permits and compliance to understand its legal use and rental potential.
What are the long-term considerations for a 1948 home?
While the basement is renovated, a home of this age will likely have older major systems (like plumbing, electrical, and the roof). A thorough inspection is essential to budget for ongoing maintenance or future updates.