Property Overview & Key Characteristics

This one-and-a-half storey home on Talbot Avenue in East Elmwood presents a practical opportunity with specific strengths. Built in 1948, its 900 sqft living area is typical for the immediate street and neighbourhood, but sits below the citywide average, indicating a more compact, manageable footprint. A key asset is its 4,642 sqft lot, which is notably larger than many on the same street, offering valuable outdoor space and potential. The home features a detached garage and an unrenovated basement, positioning it as a candidate for updates. Its assessed value is strong for the local area, suggesting it is viewed favorably within its immediate market context.

The appeal lies in its balance of a decent-sized lot in an established neighbourhood with a house of a manageable scale. It suits first-time buyers or practical investors looking for a solid foundation to potentially customize over time, without the premium or maintenance of a much larger property. A thoughtful perspective is that while its size is modest citywide, its above-average lot size on the street offers a relative rarity: room to breathe, garden, or expand in the future, which is often a trade-off in older, central neighbourhoods.

Frequently Asked Questions

1. How does the home’s size compare to others?
At 900 sqft, the living area is around average for Talbot Avenue and East Elmwood, but below the overall Winnipeg average. This indicates a home better suited for efficient living or smaller households rather than those needing extensive space.

2. What is the significance of the lot size?
The lot of 4,642 sqft is a standout feature, ranking above average for the street. This provides more private outdoor space than many neighbouring properties, which is a valuable asset in an established area.

3. What does “basement, not renovated” imply?
It indicates the basement is functional but in original or utilitarian condition. Buyers should budget for potential updates or see it as usable storage and mechanical space without finished amenities.

4. How current is the assessed value information?
The provided assessed value is a municipal assessment for tax purposes, not a current market listing price. It is a benchmark that shows the property is valued above the street average, but the actual sale price will be determined by the market.

5. Are there recent sales history clues for the area?
A nearby, very similar home at 759 Talbot Avenue sold in 2019. While not a direct current comparison, it provides a historical reference point for values on the same street, which have likely shifted since.