Property Overview: 326 Milford Street, East Elmwood, Winnipeg

Key Characteristics & Appeal

This two-storey home, built in 1959, stands out primarily for its generous living space. With 2,294 square feet, it offers significantly more room than most homes in both the immediate neighborhood and the wider city, placing it in the top tier for size. This makes it a compelling option for families, multi-generational households, or anyone seeking ample room without a premium suburban price tag. The property sits on a standard city lot of just under 5,000 square feet.

Its appeal is grounded in value and space. While the home has a basement, it is noted as not being renovated, presenting a classic "good bones" scenario. This is a property for buyers who see potential and prioritize square footage over turn-key finishes. It suits a practical buyer—perhaps a growing family, a hands-on owner comfortable with gradual updates, or an investor looking for a sizable rental property in a stable neighborhood. The sale history shows a notable increase in value between 2017 and 2023, suggesting the area is on an upward trend. A thoughtful perspective: this home offers the rare combination of above-average interior space in a neighborhood where property values are still accessible, representing a strategic entry point into a community with solid fundamentals.

Frequently Asked Questions

1. What does "basement not renovated" typically mean for a house of this era?
It usually indicates the basement is in original or functional condition, with potential for modernization. Buyers should budget for updates to flooring, lighting, and possibly moisture-proofing to create a fully finished living space.

2. How does the lack of a garage affect daily life and property value here?
On-street parking is common in the area. While a garage is a convenience, its absence is reflected in the accessible price point and allows for alternative use of the lot space, such as gardening or expanded outdoor living.

3. The assessed value seems low compared to recent sale prices. Why is that?
Municipal assessed value for tax purposes often lags behind the current market. The significant jump in sale price from 2021 to 2023 is a stronger indicator of the home's present market value and the area's appreciation.

4. Is the large living area due to an addition, or is it the original floor plan?
Homes from this period in East Elmwood were often built with substantial, family-friendly layouts. The data suggests this is likely an original, well-above-average floor plan for the style, not a later addition.

5. What is the character of East Elmwood as a neighborhood?
East Elmwood is a mature, established community with a mix of long-time residents and new families. It offers more space and larger home footprints than many newer subdivisions, with the convenience of nearby parks, the Red River, and access to major routes.