Property Overview
This one-and-a-half storey home on McCalman Avenue in East Elmwood presents a practical opportunity in Winnipeg’s housing market. Built in 1945, it features 1,095 square feet of living space, a detached garage, and a basement that has not been renovated. The home last sold in January 2017.
Key Characteristics & Appeal
The primary appeal of this property lies in its relative value and positioning within its immediate area. While its living space is above average for both the street and the East Elmwood neighborhood, its assessed value is positioned around the local average. This suggests you may get more interior space for your dollar here compared to nearby homes. The lot, at just under 3,300 square feet, is smaller than most in the area, which can mean less maintenance—a plus for those seeking a manageable yard.
It suits first-time buyers or practical investors looking for a home with solid local fundamentals without a premium price tag. Its unrenovated basement presents a clear, if not immediate, project for adding value or tailoring the space to a new owner’s needs. A thoughtful perspective is that a home ranking "around average" in value on its street but "above average" in living space indicates a structure that is efficiently utilizing its footprint, which can be a smart find in an older neighborhood.
Frequently Asked Questions
1. Is the house in need of major updates?
The listing specifically notes the basement has not been renovated. As a home built in 1945, prospective buyers should budget for updates to mechanical systems, windows, or insulation that are typical for a house of this age.
2. How does the smaller lot size impact the property?
The land area is below average for the area. This results in lower exterior maintenance but also less private outdoor space. It’s a trade-off that favors simplicity over expansiveness.
3. What does the assessed value tell me about the property taxes?
With an assessed value of $23,400, the municipal property taxes will be relatively low compared to the citywide average. This is a key factor in ongoing affordability.
4. The home sold in 2017. What does that history imply?
The previous sale price of $21,500 seven years ago provides a historical benchmark, but market conditions have likely changed significantly since. It primarily shows the home has had at least one long-term owner in recent history.
5. Are the "above average" living space rankings significant?
Yes. Ranking in the top 16% for living area on its street means this home offers more interior space than most direct neighbors. For a growing household or someone who values indoor space over yard size, this is a distinct advantage.