Property Overview & Key Characteristics

This one-and-a-half storey home in Elm Park is a classic Winnipeg property that balances established character with practical updates. Its key appeal lies in its generous 5,083 sqft lot, placing it in the top third of the street for size, offering ample outdoor space in a mature neighbourhood. The home itself features a renovated basement, adding valuable finished living space to the 1,218 sqft footprint. Built in 1944, it is notably newer than many area homes, ranking in the top 19% for age across Winnipeg, which can suggest more modern construction standards for its era. The detached garage provides flexible storage or workshop potential.

Its appeal is for the practical buyer who values space and location over sheer square footage. It would suit a first-time buyer looking for a move-in-ready home with a low assessed tax base, a downsizer seeking a manageable home with a large private yard, or an investor attracted to a solid asset in a stable, central neighbourhood like Elm Park. A thoughtful perspective is that while the living area is average for the area, the lot size and newer build date (relative to the neighbourhood) offer a unique combination of potential and practicality that isn't always available in established core areas.

Frequently Asked Questions

1. What does the "renovated basement" typically include?
While specifics should be verified, a renovated basement in a home of this era often means it has been finished into a livable space, potentially including a recreation room, additional bedroom, or laundry area, adding functional space beyond the main floor square footage.

2. How does the assessed value relate to the likely selling price?
The assessed value of $32,900 is for municipal tax purposes only. In Winnipeg's current market, selling prices are typically significantly higher than the assessed value. The "For Reference" comparable listings provided (with similar assessed values) are the best indicator of the home's potential market value range.

3. Is the lot size a major advantage?
Yes. At over 5,000 sqft, the lot is larger than 66% of others on the street. This is a standout feature for outdoor living, gardening, future expansion, or simply enjoying more privacy than smaller lots allow, especially in mature neighbourhoods where lot sizes can vary greatly.

4. What are the implications of the home being "newer" than many in Elm Park?
Built in 1944, it post-dates many 1920s homes in the area. This can mean design elements from a later period, potentially fewer concerns with very old plumbing or electrical systems (though inspections are always crucial), and a structure that has endured fewer decades of wear.

5. Who might the detached garage be important for?
Beyond vehicle storage, it appeals to buyers with hobbies, needing workshop space, or wanting separate storage for bicycles, lawn equipment, or seasonal items. It also offers flexibility that an attached garage does not, such as the potential for a separate home office or studio space.