Property Overview
56 Elm Park Road is a well-proportioned, two-storey home in Winnipeg's established Elm Park neighbourhood. Its key appeal lies in offering above-average living space within a character home, complemented by a renovated basement. At 1,560 sqft, the home is notably larger than many comparable properties on its street and in the wider area. It sits on a standard-sized lot of just over 5,300 sqft. Built in 1939, the home is older than many peers, which may reflect its architectural character but also suggests potential considerations around updates. The detached garage and lack of a pool are typical for the area. This property would suit buyers looking for a spacious, classic home in a mature neighbourhood, who appreciate having renovation work already started with the basement, and who value space over a newer build. It’s a practical choice for a growing family or someone wanting room to grow, without the premium of a newly constructed home.
Frequently Asked Questions
How does the home’s size compare practically?
The living area is in the top 20% on its own street, meaning it offers more interior space than 80% of similar nearby homes. This suggests strong value for room count and functional living areas compared to immediate alternatives.
What does the assessed value indicate?
The assessed value is above average for Elm Park and the specific street, but around the city-wide average. This often reflects the desirability of the neighbourhood itself, positioning the home as a solid, mid-range property within a sought-after area rather than a premium-priced outlier.
Are there any considerations with a 1939 build?
While the home has charm, its age places it in the older third of city-wide properties. Prospective buyers should pay particular attention to the condition of major systems (roof, wiring, plumbing, foundation) that may be original or nearing their lifespan, even with a renovated basement.
How does the lot size impact the property?
The land area is perfectly average for the street and neighbourhood. This means typical backyard space for the area—adequate for gardening or recreation, but not an exceptionally large or small parcel. It aligns with the established, neighbourhood feel of Elm Park.
What is the context of the 2020 sale price?
The sale price from late 2020 was around the average mark for its peer group. Market conditions have shifted since then, so this figure is a historical data point rather than a direct indicator of current value. It does, however, show the property has changed hands relatively recently.