Property Overview
953 Herbert Avenue is a well-situated one-storey home in Winnipeg's East Elmwood neighbourhood. Built in 1956, its primary appeal lies in its balance of a renovated basement, a detached garage, and a notably generous lot for its area. At 4,005 sqft, the land size is well above average for Herbert Avenue itself, offering valuable outdoor space and potential. The home’s living space (780 sqft) is compact, positioning it as a more affordable entry point into the housing market. Its assessed value is strong relative to its immediate street and neighbourhood, suggesting it is viewed favorably compared to its closest peers. This is a property that prioritizes land and location over interior square footage.
Key Characteristics & Ideal Buyer
The appeal of this home is grounded in practicality and potential. The renovated basement adds functional living space, while the detached garage provides storage or workshop space not always available in this price range. The lot is a key asset; it’s larger than most on the block, which could be attractive for gardening, expanding the home, or simply enjoying more private outdoor space. Given its smaller main-floor footprint, it would suit first-time buyers, downsizers, or investors looking for a manageable property with a solid foundation in a mature neighbourhood. It’s for those who see value in a larger, established lot and are comfortable with a cozy living area or are willing to plan for a future expansion.
Frequently Asked Questions
1. Is the house small compared to others in the area?
Yes. At 780 sqft of living area, the home is below the average size for both East Elmwood and Winnipeg overall. However, the renovated basement provides additional finished space.
2. What is the significance of the lot size?
The 4,005 sqft lot is a standout feature for this specific street, ranking in the top 24% on Herbert Avenue. This means you get more yard space than most neighbouring properties, which is a valuable and permanent asset.
3. How does the assessed value compare?
The assessed value of $25,800 is above the average for Herbert Avenue, indicating the property holds more value than many on its own street. It is around the neighbourhood average but below the wider city average, reflecting its smaller size.
4. What type of neighbourhood is East Elmwood?
East Elmwood is a mature, established neighbourhood in Winnipeg. It typically offers more affordable home prices compared to the citywide average, attracting buyers looking for value in a long-standing community.
5. When was it last sold, and for how much?
The home was last sold in March 2021 for $22,500. This historical sale price can be a useful reference point, but the current market value will be determined by present conditions.