Property Overview: 39 Cunnington Avenue, Elm Park, Winnipeg
Key Characteristics & Appeal
This one-and-a-half storey home in Elm Park is defined by its generous living space and established neighbourhood setting. At 1,617 sqft, the house offers above-average interior space compared to most homes on its street, in Elm Park, and across Winnipeg. It sits on a standard city lot of just over 5,000 sqft, providing typical outdoor space for the area. A detached garage adds practical utility.
The primary appeal lies in its value proposition within a mature community. The home’s assessed value is notably below the average for its immediate area, which can present an opportunity for buyers comfortable with a property that requires updates. Built in 1921, it is one of the older homes in the neighbourhood, offering classic character but also implying a need for conscientious maintenance and potential modernization, as the basement is noted as unrenovated.
This property would best suit a practical buyer looking for space over immediate turn-key condition. It’s a candidate for a long-term home with room to grow into, ideal for a handy homeowner or someone with a renovation plan who wants to secure a larger footprint in a settled area without paying a premium for recent upgrades. It represents a foundation in a community, rather than a finished product.
Frequently Asked Questions
1. Why is the assessed value lower than neighbourhood averages?
The assessed value reflects the property’s age (1921) and condition relative to updated homes in Elm Park. The unrenovated basement and the overall need for modernization are key factors, positioning it as a value-oriented entry into the neighbourhood.
2. What does "one-and-a-half storey" typically mean for a home of this era?
This style usually features a main floor with principal rooms and a second floor with sloped ceilings, often containing bedrooms in a cozier, character-filled space. It’s a classic Winnipeg design that maximizes space within a traditional footprint.
3. How does the sale history influence current value?
The home sold recently in February 2023. That sale price, likely close to the current assessed value, sets a very recent market benchmark, providing a clear reference point for its worth in its present condition.
4. Is the larger living area a significant advantage?
Yes. Offering more square footage than 75-85% of comparable local homes is a standout feature. It means the potential for renovation costs is spread across a genuinely spacious layout, which is harder to find than updating a smaller home.
5. What should I consider about the older construction date?
A 105-year-old home has enduring quality but requires attention to aging components like wiring, plumbing, and insulation. It offers charm and solid construction, but a thorough inspection is essential to understand the scope of needed repairs or updates to meet modern standards.