Property Overview
This 816 sqft one-storey home at 66 Cunnington Avenue in Winnipeg's Elm Park neighbourhood presents a specific and compelling value proposition. Built in 1927, its key appeal lies in the balance between its modest, renovated living space and its generous 5,200 sqft lot, which ranks in the top 10% for size on its own street. The home sold for $240,000 in March 2025, a price point that notably undercuts the average assessed value of comparable homes in the immediate area. Its recently renovated basement adds functional living space.
The property would suit a first-time buyer seeking an entry point into a mature neighbourhood, or a practical-minded purchaser who prioritizes land size and future potential over immediate square footage. It’s a home for someone who sees value in the lot itself—offering room for gardens, expansion, or simply ample outdoor space—and is comfortable with a cozy, efficiently designed main floor. The below-average sale price compared to area assessments suggests it may appeal to value-conscious buyers or those willing to put in personal updates over time.
Frequently Asked Questions
1. Is the house small for the neighbourhood?
Yes, the 816 sqft living area is below average for both Cunnington Avenue and the broader Elm Park area. This is a key factor in its accessible price point.
2. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the finishes or layout. This is a key detail to clarify with the selling agent to understand the home's full liveable space.
3. How does the sale price compare to the assessed value?
The home sold for $240,000, which is significantly lower than the ~$340k average assessed value for homes on Cunnington Avenue. This can indicate a variety of things, from market conditions to the property's specific condition, and warrants further research.
4. Is the large lot a common feature here?
The 5,200 sqft lot is above average for Cunnington Avenue (top 10%), making it a standout feature. In the wider context of Elm Park and the city, however, it is closer to average.
5. What is the neighbourhood like?
Elm Park is a mature, established neighbourhood. The age of homes on the street averages from the early 1940s, so this 1927 home is among the older properties, suggesting a streetscape of character homes.