Property Overview
This 1979-built, single-story home in Elmhurst offers a practical layout with 1,198 sqft of living space on a notably large 6,149 sqft lot. Its key features include a finished basement and an attached garage. The home’s broader appeal lies in its established neighborhood setting and its relative value, as the property ranks highly for its lot size and assessed value compared to most of Winnipeg. It would suit first-time buyers or downsizers looking for a manageable, single-level home with ample outdoor space in a mature area. A thoughtful perspective is that while the interior living space is modest for the street, the expansive lot presents a significant opportunity for gardening, expansion, or simply enjoying more private outdoor room than is typical.
Potential Buyer FAQs
1. What does the ranking data actually mean?
The rankings compare this home to others on its street, in Elmhurst, and across all of Winnipeg. For example, ranking in the top 30% of Winnipeg for assessed value suggests it is considered a higher-value property city-wide, which can be positive for equity.
2. Is the house outdated due to its age?
Built in 1979, the home is nearly 50 years old. While this means some systems may be due for updates, it also typically indicates a well-established neighborhood with mature trees and settled foundations. A thorough inspection is advised to understand the condition of the roof, windows, and mechanical systems.
3. How usable is the large lot?
The lot is a standout feature, over 6,000 sqft. This provides excellent space for children, pets, or gardening. It also offers potential for future additions like a shed, deck, or even an extension, subject to local zoning bylaws.
4. The living space ranks lower than the lot size. Is the house small inside?
At just under 1,200 sqft, the above-ground living area is indeed compact compared to many newer homes. However, the finished basement effectively adds more usable space, making the overall footprint more functional for a small family or couple.
5. What are the pros and cons of a finished basement?
The finished basement adds valuable flexible space for a family room, home office, or guests. It’s a definite asset. However, it’s important to check for any moisture issues, ceiling height, and the quality of the finish to ensure it meets your needs.