Property Overview: 107 Avril Lane
Key Characteristics & Appeal
This is a spacious, well-established family home in Elmhurst, built in 1982. Its primary appeal lies in its generous scale and desirable amenities on a large, 7,341 sqft lot. The home offers over 2,200 sqft of living space, placing it in the top tier for size within its community and across Winnipeg. Key features include a finished basement, an in-ground swimming pool, and an attached garage.
The home’s strength is its proven, substantial footprint, offering room to grow and entertain. It suits buyers looking for a move-in ready property with classic two-storey layout and recreational space, particularly families or those who value hosting gatherings indoors and out. The pool is a major seasonal asset but also represents a specific commitment to maintenance.
From an investment perspective, the property shows solid value retention, with its current assessed value notably higher than its 2016 sale price. Its rankings indicate it is a larger and more valuable property than the vast majority of homes in the broader Winnipeg area, suggesting it occupies a competitive position in the market. A thoughtful consideration is the balance between its above-average lot size and the responsibility that comes with maintaining a pool and mature landscaping, which appeals to those seeking a private oasis but may give pause to those wanting minimal upkeep.
Frequently Asked Questions
1. How does the age of the home (built 1982) affect it?
The home is well into its lifecycle, meaning some major systems (like roof, windows, HVAC) may be at or approaching the point of needing updates or replacement. A thorough inspection is highly advised. On the positive side, homes from this era often feature roomier layouts and larger lots compared to newer builds.
2. What should I know about maintaining the pool?
Prospective buyers should budget for ongoing seasonal maintenance, which includes opening/closing, cleaning, chemical balancing, and potential liner or equipment repairs. It’s also wise to inquire about average annual operating costs and the age/condition of the pump and heater.
3. The home ranks very high for size and value, but lower for age on its street. What does this mean?
This indicates that while 107 Avril Lane is one of the larger and more valuable homes on the block, the street itself may have a mix of older and potentially newer homes. It suggests you are buying into a mature, established neighbourhood rather than a recently developed one.
4. Is the finished basement included in the 2,207 sqft living area?
Typically, living area (or above-grade square footage) refers to space above ground level. The finished basement is an additional bonus space, adding functional rooms like a rec room or extra bedrooms, but it is not usually counted in the official living area figure.
5. How does the 2016 sale price compare to today's assessment?
The home sold for $510,000 in 2016 and is now assessed at $565,000. This increase suggests the property has appreciated in value over the past eight years, which is a positive trend. However, the final market price is determined by current buyer competition and conditions.