Property Overview
995 Talbot Avenue is a one-storey home in Winnipeg's East Elmwood neighbourhood. Built in 1907, its 860 sqft of living space sits on a notably generous 4,598 sqft lot. The home features a renovated basement and a detached garage. Its recent sale history and assessed value position it as an affordable entry point into the market, particularly for its lot size and immediate area.
Key Characteristics & Appeal
This property’s primary appeal lies in its balance of value, space, and location-specific character. While the living area is compact and the home’s age is well above average, it is offset by a renovated basement and, most significantly, a land area that is larger than most on its street. This combination suggests potential for outdoor use or future expansion that isn't always available at this price point. Its assessed value is modest, even for the surrounding area, indicating a lower property tax burden.
It would suit practical, value-conscious buyers such as first-time homeowners or investors looking for a solid entry into the market without a major renovation project. The renovated basement adds functional living space, making the smaller main floor more manageable. It’s a home for someone who prioritizes land size and neighbourhood affordability over a modern, large-footprint house.
Frequently Asked Questions
1. How does the age of the home (1907) affect it?
While the structure is historic, the renovated basement shows some modernization. Buyers should budget for maintenance consistent with an older home and consider a thorough inspection for foundational and systemic updates.
2. Is the living space too small?
At 860 sqft, the main floor is compact. However, the renovated basement effectively doubles the usable living area, making the overall footprint more practical for a small household.
3. What makes the lot size a notable feature?
The lot is over 4,500 sqft, which is larger than many in East Elmwood and significantly larger than the average on Talbot Avenue itself. This provides valuable outdoor space and potential that smaller lots do not offer.
4. How does its value compare to the area?
The home’s assessed value is around average for East Elmwood but below the citywide average. This suggests the property is priced accessibly within its immediate community, offering a chance to get into the neighbourhood at a relatively lower cost.
5. What is the neighbourhood like?
East Elmwood is a mature, established neighbourhood. Talbot Avenue itself shows a mix of well-kept and modest homes, with property sizes and values that are generally consistent and affordable, offering a stable residential setting.