Property Overview

This one-and-a-half storey home on Cunnington Avenue in Elm Park presents a specific and compelling value proposition. Its key appeal lies in the combination of above-average interior space and a generous lot for the immediate area, housed within a character-filled, post-war build. The 1,454 sqft living area ranks in the top quarter of homes both on its street and in the Elm Park neighborhood, meaning it offers more room than most comparable properties. Coupled with a 5,199 sqft lot that is larger than most on its block, it provides a solid foundation for both living and outdoor space.

However, its most defining characteristic is the significant disparity between its physical attributes and its official assessed value. The home's assessed value is notably below average for its street, neighborhood, and the city. This creates a unique dynamic: it suggests potential for value appreciation, but also warrants closer inspection into the reasons behind the assessment. The renovated basement adds modern livability to the 1952 structure.

This property would suit a practical buyer who sees beyond surface metrics—someone looking for more space and land in a established neighborhood without the premium price tag of a fully modernized home. It’s a fit for those comfortable with a mid-century layout and who may view the lower assessment as an opportunity rather than a drawback, possibly including renovators, value-driven families, or investors focused on long-term equity growth.

Frequently Asked Questions

1. Why is the assessed value so much lower than neighboring homes?
While the exact methodology is not public, assessed value is based on mass appraisal techniques and recent sales. A value significantly below area averages can be influenced by factors like the home's specific condition, features, or the timing of the assessment relative to market shifts. It's a key point to discuss with a real estate professional.

2. What does "one-and-a-half storey" typically mean for this era of home?
Common in Winnipeg from this period, it usually indicates a main floor with principal rooms and a second floor under sloping roof lines, often featuring cozy bedrooms and dormer windows. It offers more character and space than a bungalow but with a different layout than a full two-storey.

3. How does the lot size compare practically?
At just over 5,000 sqft, the lot is larger than most on Cunnington Avenue itself. This could allow for more private outdoor space, gardening, or potential for additions (subject to zoning bylaws) compared to tighter lots in the area.

4. The home last sold in 2019. What should I consider?
The 2019 sale price provides a recent market benchmark. Investigating what updates or changes the current owners have made since then will be important to understand the home's current value and condition.

5. Is the detached garage a drawback?
This depends on personal preference. A detached garage offers flexibility (e.g., for a workshop) and can reduce noise in the house, but it is less convenient in Winnipeg winters than an attached garage. The presence of any garage in older neighborhoods is often a plus in itself.