Property Summary: 2300 sqft Home on Manhattan Avenue

Key Characteristics & Buyer Profile

This is a notably large home in the East Elmwood area of Winnipeg, with 2,300 square feet of living space—more than double the average for both the street and the neighbourhood. The house was built in 1960, which places it older than most homes citywide but above average relative to its immediate street and area. The assessed value of $402,000 is high for the surrounding context (top 6% in East Elmwood, top 5% on the street) but more moderate when compared citywide, sitting in the 38th percentile. The lot measures 4,208 square feet, which is roughly average for the neighbourhood.

The appeal here is straightforward: you're getting significantly more interior space than most homes in this price range, in a part of the city where large properties are uncommon. The land area is unremarkable, so the value is in the house itself, not the yard. That said, the assessed value suggests the market has already priced in this size advantage—this isn't an undervalued gem, but a property that delivers what it costs.

This home would suit a buyer who prioritises interior square footage over land size, and who is comfortable with a home that's older but not historic. It could work well for a growing family needing room to spread out, or someone who wants space for a home office, guest rooms, or hobbies without moving to a newer subdivision farther from the core. It would be less suitable for someone seeking a modern layout, a large lot, or a low-maintenance newer build.

Five Frequently Asked Questions

1. How does the size compare to other homes for sale in East Elmwood right now?

The 2,300 sqft floorplan puts this house in the top 1% of all homes in the area. Most East Elmwood properties are bungalows and smaller post-war homes averaging around 1,065 sqft. If you've been looking in the neighbourhood and feeling that rooms are tight, this is an outlier worth seeing in person to understand the actual feel of the space.

2. Is the assessed value of $402k realistic, or could this be overpriced compared to recent sales?

The assessment places it top 6% locally, but only 38th percentile citywide. That gap matters: you're paying a premium for being one of the bigger houses in an older, more affordable area, not for being in a high-value pocket of Winnipeg. Buyers should compare recent sale prices for similar-sized homes in Elmwood and neighbouring areas, not just assessed values, to get a true market picture.

3. What should I look out for with a 1960 build?

Homes from this era often have original mechanical systems, single-pane windows, and insulation levels below modern standards. The 1960 build is older than about 60% of homes citywide, so factor in possible updates to electrical, plumbing, roofing, and windows. A thorough home inspection is more important here than for a newer house, particularly to check for knob-and-tube wiring or outdated furnace and water heater.

4. How does the lot compare to others on the street?

At 4,208 sqft, the lot is actually below average for Manhattan Avenue, where homes sit on larger parcels. The street average is likely higher because many lots here were subdivided before or during the 1960s build period. If outdoor space matters, this property offers less than many neighbours, though it's still a functional city lot for gardening, parking, or small gatherings.

5. Is this a good fit if I plan to renovate or add value?

That depends on the current condition of the interior. The assessed value already reflects the premium for size, so you're unlikely to add significant value by expanding further. Renovations that modernise kitchens, bathrooms, and energy efficiency could improve resale appeal, but the house sits in a middle-market price tier where over-improving can be risky. Focus on livability improvements rather than expecting a high return at resale.