Property Overview & Key Characteristics

This one-storey home at 774 Talbot Avenue in East Elmwood presents a straightforward, entry-level opportunity in the Winnipeg market. Its primary appeal lies in its relative affordability and manageable scale, positioned well below the city's average for both living space and assessed value. With 732 square feet of living area, it is a compact home, ranking in the smaller portion of homes locally. The lot size is also modest for the area. However, the house itself is notably newer than many on its street, built in 1955 compared to a street average of 1943, which may suggest fewer concerns related to the very oldest building systems.

The property would suit first-time buyers or investors seeking a low-maintenance footprint with a lower financial barrier to entry. Its unrenovated basement presents a clear project for adding future living space or storage. A thoughtful perspective for a buyer is to see the below-average metrics not just as limitations, but as a reflection of lower ongoing property taxes and utility costs, aligning with a efficient, budget-conscious lifestyle. It’s a home for someone comfortable with a cozy layout who values the potential of a blank-canvas basement over move-in-ready finishes.

Frequently Asked Questions

1. Is this a small house?
Yes. At 732 sq ft, the living area is below average for the street, neighbourhood, and city. It's a compact, one-storey layout suitable for individuals, couples, or those comfortable with efficient use of space.

2. What does "basement yes, not renovated" mean?
It confirms the house has a basement, but it is in an unfinished or original state. It offers functional space and storage as-is, with the potential for future development subject to permits and investment.

3. How does the assessed value compare?
The assessed value of $20,900 is around average for Talbot Avenue but below average for East Elmwood and significantly below the Winnipeg city average. This typically correlates with relatively lower municipal property taxes.

4. What is the significance of the 1955 build year?
While the home is 71 years old, it is newer than many immediate neighbours. On Talbot Avenue, its build year ranks in the top 18%, meaning it's one of the more recently built houses on the block, which can be a positive consideration.

5. What is the land like?
The lot is 3,006 sq ft, which is below average in size for the area. This means smaller outdoor maintenance but also limited space for expansions or large additions.