Property Overview: 1035 Talbot Avenue, East Elmwood

Key Characteristics & Appeal

This well-situated one-storey home in East Elmwood presents a practical and comfortable living opportunity. Built in 1953, its 964 sqft of living space is efficiently laid out and sits on a standard city lot of just over 4,000 sqft. A key feature is the renovated basement, which adds valuable functional space. The property includes a detached garage, offering flexibility for parking, storage, or workshop use.

Its primary appeal lies in its solid positioning within the immediate neighborhood. The home's assessed value ranks above average for Talbot Avenue itself, suggesting it is a well-regarded property on its street. For the area, its living space, lot size, and age are all around the local average, indicating a home that fits comfortably within the established community fabric without standing out as unusually large or small. This makes it a straightforward, "no-surprises" option in a mature neighborhood.

This property would suit first-time buyers seeking an entry point into the Winnipeg market with move-in-ready basics covered, or downsizers looking for a manageable single-level layout with a low-maintenance footprint. The renovated basement adds appeal for those needing a home office, hobby room, or extra family space. It’s a home for buyers who value community consistency over novelty, and who appreciate a property that performs well relative to its direct neighbors.

Frequently Asked Questions

1. How does this home compare in size to others in Winnipeg?
While its living space is typical for East Elmwood, it is below the city-wide average. This reflects the character of established neighborhoods versus newer suburban developments, often resulting in a more efficient floor plan and lower utility costs.

2. The assessed value seems low. Is that the listing price?
No. The assessed value ( $27,800 ) is for municipal tax purposes only. The last recorded sale price was $280,000 in September 2023. Market value is determined by current conditions and buyer demand.

3. What does "above average assessed value for the street" indicate?
This suggests that, according to municipal assessment, this property holds more value relative to other homes on Talbot Avenue. This can be due to factors like the renovated basement, overall condition, or lot desirability, and often correlates with stronger curb appeal on the block.

4. Is a detached garage a benefit?
It can be. It provides secure parking and storage separate from the house, which can be a plus for workshop enthusiasts or for households with multiple vehicles. It also offers potential for conversion (e.g., to a studio) subject to local bylaws.

5. As a 1953 home, what should I be mindful of?
While the basement has been renovated, it's prudent to investigate the condition of core components common to homes of this era, such as the roof, original windows, plumbing, and electrical systems, to understand any future maintenance priorities.