Property Overview
130 Elm Park Road presents a compelling opportunity in Winnipeg's Elm Park neighborhood. This one-storey home, built in 1953, sits on a notably generous 7,013 sqft lot, which ranks within the top 4% for size on its street. The home itself features 1,164 sqft of living space and includes a renovated basement and an attached garage. It sold recently in April 2024 for $468,000.
Key Characteristics & Appeal
The primary strength of this property is its land. The lot size is significantly larger than most in the immediate area, offering rare potential for expansion, gardening, or outdoor living in a well-established neighborhood. While the living area is modest and typical for the locale, the renovated basement adds functional space. The home’s assessed value consistently ranks above average for Elm Park, suggesting it is viewed as a solid asset within its market.
Its appeal lies in this balance of a move-in ready, updated interior on a premium, spacious lot. It would suit a buyer looking for a single-level living layout in a mature community, who values a large yard over a larger house footprint. It’s also a sensible choice for those interested in long-term value, as the lot size provides a fundamental advantage that is increasingly scarce.
Frequently Asked Questions
Q: How does the lot size compare to a typical city lot?
A: The lot is approximately 7,000 sqft, which is above average both for Elm Park and city-wide, offering more private outdoor space than many properties.
Q: Is the house considered updated?
A: The listing specifies a renovated basement, indicating some modernization. The main floor's condition would require a viewing to confirm, as the age of other systems and finishes is not detailed.
Q: The home sold recently. What does that mean for its value?
A: The April 2024 sale price of $468,000 provides a clear, current market benchmark, which is helpful for understanding present value in the area.
Q: What does the above-average assessed value indicate?
A: A consistently higher assessed value than neighbors often reflects desirable attributes—in this case, likely the large lot and renovations—that the municipal assessment recognizes.
Q: Is the living space small for the neighborhood?
A: At 1,164 sqft, it is slightly below the average for comparable homes on Elm Park Road. This suggests the value proposition here leans more toward the land and updates rather than extensive square footage.