111 Avril Lane

Property Overview

111 Avril Lane is a well-established, single-family home in Winnipeg's Elmhurst neighborhood. Built in 1982, this one-storey bungalow sits on a generous 7,680 sqft lot and offers 1,581 sqft of living space, including a finished basement. Key features include an attached garage and no pool.

The home’s primary appeal lies in its space and established setting. The lot size is a significant asset, ranking in the top 13% on its street and offering ample outdoor potential. While the house itself is not new, its assessed value ranks highly city-wide (top 19%), suggesting solid fundamentals for the price. It suits buyers looking for a move-in-ready bungalow with room to grow outdoors, who value neighborhood maturity over a brand-new build. It’s a practical choice for those seeking a balance of indoor living space and one of the larger yards in the immediate area, perfect for gardening, play, or future expansion.

Key Considerations & FAQs

1. How does the age of the home affect my decision?
   Built in 1982, major components like the roof, windows, and mechanical systems (furnace, water heater) are likely at or beyond their typical lifespan. A thorough inspection is crucial to budget for potential updates, though the established nature of the home often means fewer surprises than with a much older property.

2. The living area ranks lower than the lot size. What does that mean?
   The home's square footage is fairly average for the area, but the lot is notably larger than most on the street. This indicates the value is weighted toward the land itself. It's ideal if you prioritize yard space over a sprawling floor plan.

3. What is the significance of the high assessment value ranking?
   Ranking in the top 19% in Winnipeg for assessed value, this suggests the property is viewed by assessors as having above-average worth for its type and area. This can be a positive indicator for long-term value retention, but the final market price is determined by buyer demand.

4. Who would this neighborhood suit best?
   Elmhurst is a mature, settled community. The rankings show the home fits well within its community for size and value. It would suit buyers seeking stability, established trees, and known neighborhood dynamics, rather than the rapid growth and construction of a new subdivision.

5. Are there any obvious trade-offs with this property?
   The data suggests a classic trade-off: you gain a larger-than-average lot in a mature area but accept a home that is older than many in the city (ranking in the top 36% for age, meaning 64% are newer). The appeal hinges on whether you value land and location more than a newer build.