Property Overview: 75 Sunset Boulevard, Elm Park, Winnipeg
Section 1: Key Characteristics & Appeal
This one-storey home in the established Elm Park neighbourhood presents a classic Winnipeg character home opportunity. Built in 1929, its 829 sqft living area is modest and below average for the area, suggesting a cozy, manageable footprint. A key feature is the renovated basement, adding functional living space. The detached garage and a land size of over 5,000 sqft that is notably larger than many lots on its own street offer valuable outdoor space and potential.
Its primary appeal lies in its position as a relatively affordable entry point into a mature neighbourhood. With an assessed value that is average for the street and area, it represents a grounded value proposition rather than an outlier. The home suits first-time buyers, downsizers, or practical investors seeking a character home without an overwhelming size. It’s for someone who values a larger lot and location over a large interior, and who sees the renovated basement as a key asset for extra living, storage, or rental income potential. A thoughtful perspective is that its "below average" size and "around average" value for Elm Park could indicate a home where the land and location contribute significantly to the worth, which can be a stable long-term advantage.
Section 2: Frequently Asked Questions
1. Is the house small compared to others in Elm Park?
Yes. At 829 sqft, the living area is below the neighbourhood average. This makes it a more manageable property, often appealing to those seeking lower maintenance without sacrificing location.
2. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the finish or rooms. A buyer should inquire about the scope, permits, and current use (e.g., rec room, suite, storage) to understand its value fully.
3. How does the lot size compare?
The lot of 5,081 sqft is a standout feature for this specific street, ranking in the top 24%. It is larger than many immediate neighbours, offering more private outdoor space than typical for the block.
4. Has the property value been stable?
Historical data shows a sale in 2016 for $242,000 and in 2022 for $300,000. This indicates appreciation over that period. The current assessed value is in line with area averages, suggesting market stability.
5. What is the neighbourhood like for a 1929 home?
Elm Park has a mix of home ages. While this home is older than many in the area, it fits the character of an established community. Buyers should ensure thorough inspections common for homes of this era, but can also expect well-rooted streetscapes and mature landscaping.