Property Overview: 964 Talbot Avenue, Winnipeg

Key Characteristics & Appeal

This 1983 bi-level home at 964 Talbot Avenue in East Elmwood presents a practical and efficient living option. Its key characteristic is its modern age relative to the neighborhood; built in 1983, it is significantly newer than most homes on its street and in East Elmwood, which often means fewer concerns over outdated major systems. The home features a renovated basement and a modest 807 sqft of living space, placing it below the citywide average but offering a manageable layout for efficient living or downsizing. The lot is compact at 2,708 sqft, reducing yard maintenance.

The appeal lies in its value proposition and move-in readiness. With a recently renovated basement, it offers immediate functional space without initial project work. Its assessed value is notably modest and in line with local averages, suggesting a potentially accessible entry point into the Winnipeg market. This property would suit first-time buyers seeking a modernized, low-maintenance starter home, or investors looking for a sensible rental property with recent updates. It’s less suited for those requiring substantial indoor or outdoor space.

Frequently Asked Questions

1. Is the home's smaller living area a disadvantage?
While below the city average, the 807 sqft layout is efficient. Combined with a renovated basement, it provides adequate space for individuals, couples, or small families who prioritize easy upkeep and lower utility costs over expansive square footage.

2. How does the 1983 build year affect the home?
This is a standout feature. Being decades newer than many neighboring homes suggests construction methods and core components (like wiring and plumbing) are more contemporary, potentially reducing the likelihood of major, costly updates required in much older homes.

3. What does the compact lot size mean for me?
The 2,708 sqft lot minimizes yard work—a benefit for those with busy lifestyles or who dislike gardening. However, it allows less room for large outdoor gatherings, expansions, or additions compared to larger plots in the area.

4. The assessed value seems low. What does that indicate?
The assessed value is for municipal tax purposes and reflects a valuation well below the Winnipeg city average. This can indicate relatively lower property taxes. It’s important to note the home sold for $28.60k in late 2023, which is the more relevant market indicator.

5. Who would this property not be a good fit for?
It may not suit buyers who need multiple bedrooms, dedicated home office spaces, or who envision significant future expansions. The smaller lot and living area present constraints for growing families or those who love to entertain large groups regularly.