Property Overview
This 1979 two-storey home in Elmhurst is defined by its generous scale and established presence. Its primary appeal lies in the combination of a very large, approximately 11,000 sqft lot and nearly 2,000 sqft of finished living space, including a developed basement. The property ranks highly within Winnipeg for lot size (top 5%) and living area (top 10%), offering a sense of space that is increasingly rare. It suits buyers looking for a substantial family home with room to grow, garden, or entertain in a mature neighbourhood. The home is ideal for those who value established communities over brand-new construction and have the vision to update a solid, well-sized property from the late 70s to their own taste. A thoughtful perspective is that while the house itself is of average age for the area, the land itself is a standout asset that offers long-term value and potential that newer subdivisions often cannot match.
Frequently Asked Questions
1. What is the significance of the property rankings?
The rankings show how this home compares to others in its immediate street, broader Elmhurst community, and all of Winnipeg. For example, its lot size is in the top 5% city-wide, indicating exceptional outdoor space, while its build year is newer than 62% of Winnipeg homes, placing it in a comfortable middle range for age.
2. Is the basement included in the 1,986 sqft living area?
Typically, the listed living area refers to above-grade square footage. The listing confirms there is a basement, and that it is developed (finished), providing additional usable space beyond the nearly 2,000 sqft main floors.
3. What does the assessment value tell me?
The municipal assessment of $540,000 is used for calculating property taxes. It is a government valuation and often differs from the current market value, which is determined by what a buyer is willing to pay. It serves as a useful benchmark, showing the home is assessed higher than 87% of properties in Winnipeg.
4. What might a "late 70s" build year mean for maintenance?
A home from 1979 will likely have had several major components, like the roof, windows, or furnace, updated over time. A key consideration for a buyer is to verify the age and condition of these systems, as planning for their replacement is different than in a brand-new home, but the core structure is well-proven.
5. How does the lot size impact the property?
A lot of this size (over 1/4 acre) offers significant privacy, space for additions like a deck or shed, and gardening potential. It also generally means more distance from neighbours and less noise, contributing to a quieter, more private living environment compared to homes on standard-sized lots.