Property Overview: 52 Sunset Boulevard, Elm Park, Winnipeg
Section 1: Key Characteristics & Appeal
This one-storey home in the established Elm Park neighbourhood presents a practical opportunity. Its key characteristic is a renovated basement, adding valuable finished space to the 886 sqft main floor. The detached garage and a land size that is generous for its immediate street (over 5,000 sqft) are further assets. Built in 1931, it offers classic charm with some modern updates below ground.
The appeal lies in its position as a relatively accessible entry point into a mature, sought-after area. The home sold recently below its assessed value, suggesting a buyer may have found immediate equity. Its smaller main footprint and lower price point for Elm Park make it suited for first-time buyers, downsizers, or investors seeking a character home in a prime location without a premium price tag. It’s a "location-first" property where the value is in the neighbourhood and the lot, with the home itself offering a functional, low-maintenance layout.
Section 2: Frequently Asked Questions
1. Is the house small compared to others in the area?
Yes. At 886 sqft of living area, the main house is below the average for both Elm Park and Winnipeg overall. However, the renovated basement significantly increases the usable living space.
2. Why was the sale price lower than the assessed value?
Sale prices are determined by the market and recent buyer sentiment, while assessed value is for municipal tax purposes. The sale likely reflects factors like the home’s smaller main-floor size, its age, and current market conditions at the time of sale.
3. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the details. A buyer should inquire about the scope of work, permits, the basement’s ceiling height, and whether it includes a legal secondary suite or additional bedrooms.
4. How does the lot size compare?
The lot is a standout feature on its street, ranking in the top 24% on Sunset Boulevard for size. While slightly below the average for Elm Park as a whole, it offers ample outdoor space for its home size.
5. What are the implications of a 1931 build date?
This age brings character but also requires diligent inspection. Buyers should budget for potential updates to original systems like wiring, plumbing, and insulation, while also appreciating the home’s built-in craftsmanship and established landscaping.