Property Overview: 176 Clyde Road, East Elmwood, Winnipeg

Section 1: Key Characteristics & Appeal

This two-storey home on Clyde Road is a practical entry-point into Winnipeg’s East Elmwood neighbourhood. Built in 1967, it is notably newer than many surrounding homes, suggesting potentially fewer immediate concerns with aging infrastructure. With 1,152 sqft of living space, it offers a manageable size for smaller households.

The primary appeal lies in its value positioning. The home’s assessed value is significantly below averages for its street, area, and the wider city. This creates an opportunity for first-time buyers or investors seeking a lower entry cost. The property sits on a smaller lot (2,508 sqft), which translates to less exterior maintenance—a plus for those seeking a simpler yard or with limited time for upkeep. The basement is noted as unrenovated, presenting a clear, blank-canvas project for future expansion or customization.

This home would best suit a pragmatic buyer: a first-time purchaser comfortable with a property that needs updates, an investor looking for a rental with a solid foundation, or a downsizer seeking a modest, low-maintenance footprint. Its value is in what it can become, rather than in immediate move-in luxury.

Section 2: Frequently Asked Questions

1. Why is the assessed value so much lower than nearby homes?
The below-average assessment is likely due to a combination of the home’s smaller lot size, its unrenovated condition (including the basement), and its more compact living area compared to neighbours. This results in a lower tax assessment and a potentially more affordable purchase price.

2. What does “newer than average” for the year built really mean for me?
While still an older home, being built in 1967—newer than most on the street and in the area—can imply updated building materials and standards for its time. This might mean fewer issues common in pre-1950s construction, like outdated wiring or plumbing, though a full inspection is still essential.

3. Is the small lot size a major drawback?
It depends on your lifestyle. It limits expansive gardening, large outdoor entertaining, or adding significant extensions. However, it also means less mowing, gardening, and general yard maintenance, which can be a desirable trade-off for many.

4. What are the implications of the unrenovated basement?
It confirms that no major modern updates have been done there. You should budget for potential moisture-proofing, insulation, and finishing to make it a comfortable living space. The positive angle is that you can design it to your needs without paying a premium for someone else’s renovation choices.

5. How does the last sale price from 2020 relate to today’s value?
The 2020 sale price of $18.80k is not reflective of current market value; it was likely a nominal transfer between family members or as part of an estate. The current assessed value of $200k is the relevant starting point for understanding its municipal valuation, though market price will be determined by current conditions and buyer interest.