Property Overview
This 746 sqft, one-storey home at 760 Manhattan Avenue sits on a 4,155 sqft lot in Winnipeg's East Elmwood neighbourhood. Built in 1957, it is newer than many homes in the immediate area and features a renovated basement and a detached garage. The home sold in November 2023 for $240,000.
Its primary appeal lies in its position as a relatively modest and manageable property within a well-established community. For its street and neighbourhood, its living space and assessed value are around the local averages, suggesting it fits comfortably within the area's market without standing out as unusually large or expensive. The renovated basement adds functional living space, a valuable update for a home of this vintage. The lot size is also typical for the area, offering decent outdoor space.
This property would suit first-time buyers or downsizers looking for a solid, no-frills home in a mature neighbourhood. It represents an opportunity to enter the market with a house that has already seen some updates, potentially offering a balance between character and practicality. Investors may also see value in its rental potential, given its size and updates.
Frequently Asked Questions
How does this home compare in size to others nearby?
At 746 sqft, the living area is slightly below the average for East Elmwood (which is about 1,065 sqft), but is quite typical for homes directly on Manhattan Avenue itself. It's a compact, efficient layout.
Is the assessed value a good indicator of the market price?
The 2023 sale price of $240,000 was significantly higher than the city's assessed value of approximately $25k. This is common, as municipal assessments for tax purposes often lag behind actual market values. The sale price is the relevant market indicator.
What does the "newer" year built mean for this house?
Built in 1957, it is newer than many neighbouring homes built in the late 1940s and early 1950s. This could imply updates to original building materials or systems, but a thorough inspection is still essential for a home of this age.
What are the implications of the lot size?
The lot is just over 4,000 sqft, which is standard for the area but below the Winnipeg city average. It provides a good-sized yard for a home of this scale without being excessive to maintain.
Who might this property not suit?
Buyers needing significant space or modern, open-concept layouts may find it limiting. The living area is compact, and the one-storey design with a basement suggests traditionally defined rooms. It's best for those comfortable with a cosier footprint.