Property Overview: 906 Talbot Avenue, East Elmwood

Key Characteristics & Appeal

This one-and-a-half storey home, built in 1949, presents a practical opportunity in Winnipeg's East Elmwood neighborhood. Its key appeal lies in its balance of a renovated basement and a notably generous lot. With 900 sqft of living space, the house itself is modest and typical for the immediate area, but the 4,610 sqft land parcel is well above average for Talbot Avenue, offering valuable outdoor space and potential.

The home suits first-time buyers or downsizers looking for a manageable footprint without sacrificing yard size. Its recently renovated basement adds functional living space and modern appeal. The detached garage provides flexibility for parking or storage. From an investment perspective, the property sits in a stable, middle-of-the-pack position within its local market—neither a standout nor an outlier in terms of size, value, or age. This can be seen as a mark of stability rather than a lack of features. A thoughtful buyer might appreciate that its "average" metrics for the street suggest lower property tax pressures compared to higher-assessed homes, while the larger lot offers a less common commodity that could underpin future value.

Frequently Asked Questions

1. How does this home compare to others in the area?
The home is very typical for Talbot Avenue and East Elmwood in terms of living space, age, and assessed value. Its most distinguishing feature is its land area, which is larger than most lots on the same street.

2. What is the significance of the "renovated basement"?
While specific finishes aren't detailed, a renovated basement typically means it is finished as livable space (e.g., rec room, bedroom, office), adding functional square footage to the 900 sqft main living area.

3. Is the assessed value the same as the market value?
No. The assessed value (approximately $23,100) is used for calculating municipal property taxes. Market value—what a buyer would pay—is determined by recent sales and current demand. The home last sold for $22,500 in May 2023.

4. What does the "one & 1/2 storey" building type mean?
This is a common Winnipeg style where the second level has sloped ceilings (following the roof line), creating cozy bedrooms or attic spaces, often with less full-height square footage than a true two-storey home.

5. Are the rankings and metrics provided reliable for decision-making?
They offer a helpful, data-driven snapshot of how this property compares to specific groups (same street, neighborhood, city). They are best used as a starting point for understanding context, not as a sole substitute for a professional appraisal or personal inspection.