Property Overview & Key Characteristics
This one-and-a-half storey home at 16 Elm Park Road in Winnipeg's Elm Park neighbourhood presents a classic, well-proportioned offering. Built in 1940, it sits on a standard 5,315 sqft lot and features 1,326 sqft of living space, a renovated basement, a detached garage, and a pool. Its assessed value and living area are consistently "around average" when compared to homes on its street, in Elm Park, and across the city, indicating it is a typical and stable property for the area without extreme outliers in size or value. Its appeal lies in this established, middle-of-the-road positioning within a mature neighbourhood, offering the desirable amenities of a pool and updated basement without being an oversized or overly complex property. It would suit buyers looking for a solid, move-in-ready home in a settled community, particularly those who value private outdoor recreation space and the character of an older, well-maintained home without the footprint of a large estate.
Frequently Asked Questions
1. How does this home truly compare to others in Elm Park?
The data shows it is consistently average or slightly above average for the neighbourhood in key metrics like living area, land size, and assessed value. This suggests it's a competitive, mainstream property in Elm Park, not a standout bargain or a premium luxury offering.
2. Is the pool a major value-add or a potential burden?
While a private pool is a notable amenity for leisure, prospective buyers should factor in ongoing maintenance costs, insurance implications, and the limited seasonal use in Winnipeg's climate. It's a strong lifestyle feature for the right buyer but not necessarily a direct driver of resale value.
3. What does the "renovated basement" likely entail?
The term indicates functional updates, but specifics on the quality, permits, and finish (e.g., is it a legal suite or a rec room?) are crucial. Given the home's average assessment, it's more likely a finished living space rather than a high-end, income-generating apartment.
4. The home sold for $300k in 2020 but has a much lower assessed value. Why?
Assessed value for property tax purposes is a municipal calculation and often lags behind market value. The 2020 sale price is a clearer indicator of its recent market worth, while the assessment suggests its tax burden is relatively moderate for the area.
5. As a home from 1940, what should I be most concerned about?
While the basement has been renovated, the core structure and major systems (like plumbing, electrical, and the roof) are over 80 years old. A thorough inspection is essential to understand the condition and potential upcoming investments needed beyond the cosmetic updates.