Property Overview

This one-and-three-quarter storey home on Talbot Avenue in East Elmwood presents a classic Winnipeg character property with practical considerations. Built in 1907, it offers 1,060 sqft of living space on a 3,100 sqft lot, accompanied by a detached garage. Key data indicates its living area is above average for the immediate neighbourhood, while its assessed value and lot size are notably below average for the area and city. The basement exists but is not renovated, and there is no pool.

Section 1: Key Characteristics & Appeal

The primary appeal of this property lies in its value proposition and potential. Its assessed value is significantly lower than area averages, which could represent an entry point into the neighbourhood for budget-conscious buyers or an opportunity for those with renovation capital. The home's living space is efficiently sized, being more spacious than many direct neighbours while maintaining lower property taxes. Its age (1907) suggests classic architectural details but also implies a need for thorough systems inspections and potential updates.

This home would best suit a pragmatic first-time buyer, an investor looking for a character rental, or a hands-on owner with the skills or resources to undertake gradual improvements. Its below-average lot size means less yard maintenance—a plus for some—but less private outdoor space. The detached garage adds functional value for storage or as a workshop. The appeal is rooted in substance over spectacle: it’s a straightforward property offering space and location at a running cost that appears manageable relative to the area.

Section 2: Frequently Asked Questions

1. Is the low assessed value a red flag?
Not necessarily. It primarily reflects the property's market value for tax purposes, which is consistently below area averages. This results in lower annual property taxes, which is a financial advantage. However, it can also correlate with the home's age and condition, underscoring the importance of a detailed inspection.

2. What does "basement not renovated" typically mean?
In a 1907 home, this usually indicates a traditional concrete foundation basement used for utilities and storage. It likely has lower ceilings, basic finishes, and may have moisture or insulation considerations. It represents potential for future development but would require significant investment to become finished living space.

3. How does the lot size impact daily living?
At 3,100 sqft, the lot is compact. This means shorter yard work and a more community-focused streetscape where homes are closer together. The trade-off is limited space for large gardens, private patios, or extensive outdoor recreation.

4. Who might the "one-and-three-quarter storey" layout suit?
This style often features a primary bedroom on the main floor with additional, possibly cozier, bedrooms under sloped ceilings on the upper level. It suits small families, couples, or individuals who appreciate distinct floor separation but don’t require multiple large, uniform bedrooms.

5. Given its age, what should be the top inspection priority?
Beyond the roof and foundation, the mechanical systems—heating, electrical, and plumbing—are critical. A home from 1907 may have undergone partial updates, so verifying the condition and compliance of these core systems is essential for safety and budgeting future upgrades.