Property Overview: 118 Elm Park Road
Section 1: Key Characteristics & Appeal
This one-storey home, built in 1927, is a classic character property in Winnipeg's Elm Park neighborhood. Its key features include a renovated basement and a detached garage. With 916 sqft of living space, the house itself is notably cozier than area averages, positioning it as a more manageable and potentially efficient option. The lot, at just over 5,300 sqft, is a comfortable size for the area.
The appeal here lies in its established location and its position as a value-conscious entry into a mature neighborhood. It suits buyers looking for a solid "first home" or a downsizing opportunity without leaving a sought-after community. It’s a practical choice for those who prioritize location and lot over square footage, and who see the charm and potential in a well-maintained older home. The renovated basement adds valuable functional space, offsetting the modest main-floor area. A thoughtful perspective is that its below-average metrics for size and assessed value on its own street suggest it may offer relative affordability within a specific, desirable enclave, appealing to the buyer who values the address itself.
Section 2: Frequently Asked Questions
1. Is the house particularly small for the area?
Yes. At 916 sqft, the living area is below the average for both Elm Park Road and the broader Elm Park neighborhood. This makes it one of the more compact homes on the block.
2. What does the "renovated basement" entail?
The listing confirms the basement is renovated but does not specify the scope. This is a key detail to clarify with the seller or agent, as it could range from updated finishes to the addition of legal living space.
3. How does the property's value compare?
Its assessed value is below the average for its immediate street but aligns more closely with the neighborhood and city-wide averages. This suggests it is priced in line with the broader market, but may represent a value relative to its direct neighbors.
4. What is the significance of the lot size?
At 5,313 sqft, the land area is typical for Elm Park. It provides a standard urban yard—not the largest on the street, but perfectly adequate for gardening, recreation, or future expansion.
5. The home is almost 100 years old. What should I consider?
While the renovated basement is a plus, a home from 1927 will have aging core components. A thorough inspection is essential to understand the condition of the foundation, roof, plumbing, electrical systems, and overall structure. This is crucial for budgeting future maintenance.