This one-and-a-half storey home on Talbot Avenue presents a classic East Elmwood character home with practical potential. Built in 1925, it offers 1,340 sqft of living space on a notably generous 4,661 sqft lot for the immediate area, providing above-average outdoor space. The home features a detached garage and an unrenovated basement, indicating an opportunity for customization. Its appeal lies in its established neighbourhood setting, the value of a larger-than-typical lot, and a floor plan that ranks well above average for both the street and the wider area. This property would suit a buyer looking for a home with solid fundamentals—good space and lot size—who is prepared for the maintenance of a century-old home and sees potential in personalizing spaces like the basement over time. It’s a practical choice for those who prioritize location and land over modern finishes, offering a canvas for incremental improvement.
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What does the assessed value indicate?
The property's assessed value is around average for the street and neighbourhood but is below average citywide. This typically reflects the home's age and condition relative to the broader Winnipeg market, not necessarily its potential market sale price.
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How does the lot size compare?
The lot is a standout feature, ranking in the top 24% on Talbot Avenue for size. This offers more private outdoor space than many neighbouring properties and presents opportunities for gardening, expansion, or adding outdoor amenities.
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What should I know about the "unrenovated basement"?
This means the basement is in original or functional condition but hasn't been modernized. Buyers should budget for potential updates and prioritize a thorough inspection for moisture, insulation, and foundational integrity common in homes of this era.
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How does the living space compare to nearby homes?
With 1,340 sqft, this home offers significantly more living area than the average on Talbot Avenue (~997 sqft) and in East Elmwood (~1,065 sqft). This suggests a more spacious main and upper floor layout than many immediate comparables.
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What is the context of the last sale price?
The home sold for $16,500 in early 2019. This historical price is not indicative of current value but may reflect a past transaction type (e.g., estate sale, transfer between parties). Current value is better gauged by recent neighbourhood sales and the home's present condition.