Property Overview
107 Talbot Avenue is a one-and-a-half storey home in Winnipeg's Glenelm neighbourhood, built in 1907. With 1,113 sqft of living space, it offers more room than many similar homes on its street. Its key characteristic is a notably low municipal assessed value, placing it in the bottom tier for the area and city. The home sits on a modest, sub-2,500 sqft lot and features a basement that is present but not renovated. There is no garage or pool.
The appeal here is fundamentally about value and potential. The low assessment suggests a correspondingly lower purchase price and property tax burden, creating a rare entry point into a well-established neighbourhood. It suits a specific type of buyer: the hands-on renovator or investor looking for a foundational property where they can add value through updates, or a budget-conscious buyer prioritizing location over move-in-ready condition. It’s less about current luxury and more about securing a footprint in a community, with the understanding that any charm or modern comfort will be largely shaped by the owner's own efforts and investment.
Frequently Asked Questions
1. Why is the assessed value so much lower than nearby homes?
Extremely low assessments like this often reflect a property that has not been significantly updated or renovated in many years, and its value is primarily in the land and structure's basic utility. The municipal assessment may not account for recent market surges, focusing instead on historical data and physical condition.
2. What does "basement not renovated" typically mean?
This usually indicates a functional but unfinished space. Expect concrete floors and walls, exposed utilities, and a layout suited for storage or basic laundry facilities rather than living space. It presents both a blank canvas and a future project, with potential for moisture or insulation issues common to century-old homes.
3. Is the small lot size a major drawback?
It limits expansion possibilities and reduces private outdoor space, which is a trade-off for the lower price point. However, in a mature neighbourhood like Glenelm, it can mean less yard maintenance and a more community-oriented, close-knit street feel.
4. Who would this property not be suitable for?
It is not ideal for buyers seeking a turn-key home, those unwilling to take on renovation projects, or families requiring ample indoor and outdoor space immediately. The value proposition requires a willingness to invest time, money, or both after purchase.
5. How reliable are the sold price ranges shown?
The ranges are estimates based on public data. For precise historical sale figures, you must request the exact data via email, as the site manually verifies this information to ensure accuracy before sharing it.