Property Overview & Key Characteristics
44 Elm Park Road is a one-and-a-half storey home built in 1931, presenting a classic character in Winnipeg's Elm Park neighbourhood. Its key appeal lies in its established setting and lot size. With 900 sqft of living space, the home is notably compact compared to area averages, suggesting a focus on efficient living or potential for expansion. The property sits on a roughly 5,315 sqft lot, which is consistent with the local standard and offers valuable outdoor space. A detached garage adds practical utility.
This home suits buyers looking for an entry point into a mature neighbourhood, those comfortable with a home of vintage character (the basement is noted as not renovated), or value-focused purchasers who see potential in the land and the solid structure. Its below-average assessed value relative to the immediate street and neighbourhood indicates it may be priced accessibly, appealing to first-time buyers or investors. A thoughtful perspective is that its smaller size and older vintage could mean lower utility costs and a simpler footprint to maintain, while the lot provides a tangible asset for future enjoyment or improvement.
Frequently Asked Questions
1. How does the home's size compare to others in the area?
At 900 sqft, the living area is below the average for both Elm Park Road and the wider Elm Park neighbourhood. This indicates a more compact, efficient layout.
2. What does the assessed value tell us?
The assessed value is below the average for the street and neighbourhood, but closer to the city-wide average. This often reflects the home's older age, smaller size, and unrenovated basement, rather than the property's overall potential.
3. Is the lot a good size?
Yes. The land area of approximately 5,315 sqft is around the average for Elm Park, providing a balanced outdoor space that is neither overly large nor too small for the area.
4. What might "basement not renovated" imply?
This typically means the basement retains its original or older finishes and systems. Buyers should budget for potential updates and include a thorough inspection to understand its current condition and any necessary repairs.
5. Who would this property be best for?
It's well-suited for a first-time homebuyer seeking character in an established area, a practical buyer looking for a manageable-sized home with a good lot, or an investor considering a property with solid fundamentals and potential for value addition over time.