Property Overview: 691 Elm Street, Winnipeg

Section 1: Key Characteristics & Appeal

This well-situated one-and-a-half storey home in Central River Heights sits on a standard 4,822 sqft lot. Built in 1953, it is notably newer than many homes on its street and in the immediate neighbourhood. Its 1,604 sqft of living space is comfortably above average for both the city and the area, offering more interior room than many comparable properties. A key feature is the renovated basement, adding modernized living space, and the property includes a detached garage.

The appeal lies in its balanced, above-average positioning within a desirable neighbourhood. It’s not the largest or newest home, but it outperforms local benchmarks in key areas like living space and year built, suggesting a solid, updated structure in a mature community. The recent renovation indicates move-in readiness, while the detached garage is a practical asset.

This property would suit a buyer looking for a character home with modernized fundamentals, who values space and location over a brand-new build. It’s ideal for someone wanting to settle in an established neighbourhood without needing to undertake a major renovation, and who appreciates the flexibility of a detached garage for storage, a workshop, or vehicle parking.

Section 2: Frequently Asked Questions

1. How does the property’s value compare to the area?
The home’s last sale price was above average for Elm Street itself but around the median for the broader Central River Heights neighbourhood, suggesting it is priced in line with the desirable location while standing out positively on its specific block.

2. What does the "above average" year built mean for a 1953 home?
While 1953 is not new, this home is newer than over 70% of its neighbours on Elm Street. This can imply potentially fewer issues with very old infrastructure compared to surrounding heritage-era homes, while still offering classic neighbourhood character.

3. Is the living space sufficient for a family?
With 1,604 sqft, the living area ranks in the top 25% citywide and top 21% in Central River Heights. This indicates the home offers more interior space than most comparable properties, providing a practical layout for a small to medium-sized family.

4. What are the implications of a renovated basement?
A renovated basement adds immediate functional living space (such as a family room, office, or guest area) without the need for a future project. It’s a significant value-add that enhances the home’s usability from day one.

5. How does the lot size impact the property?
The lot is close to the average for the street and neighbourhood. This means it provides a typical urban yard space for the area—sufficient for gardening and recreation but not an unusually large or small parcel. The focus here is more on the above-average interior space and the home’s updated condition.