Property Summary: 114 Epsom Crescent, Winnipeg
Key Characteristics & Appeal
This 1983-built, four-level split home in Elmhurst offers a well-proportioned living space of 1,848 sqft on a generous 7,401 sqft lot. Its key appeal lies in its established, spacious setting and its strong relative standing in several measurable categories. The property ranks notably high within its immediate area for lot size, newer construction age, and overall living space, suggesting a home that is above average for its locale. It features an unfinished basement and an attached garage.
The home would particularly suit buyers looking for a solid, roomy property in a mature neighbourhood, with the potential to customize the basement to their own needs. Its rankings indicate it's a competitively sized and relatively newer home compared to many in Winnipeg, offering a sense of value and space that appeals to growing families or those seeking room to breathe without moving to the urban fringe. A thoughtful perspective is that the unfinished basement, while requiring investment, presents a clean slate for creating additional living space, a home gym, or workshop without the need to undo previous renovations.
Frequently Asked Questions
1. What do the ranking percentages actually mean?
They show how this property compares to others in its immediate street, broader Elmhurst community, and all of Winnipeg. For example, ranking "in the top 14%" for living space in Winnipeg means 86% of city homes are smaller, highlighting this as a roomier-than-average option.
2. Is the 1983 build year a concern?
While 43 years old, the home ranks in the top 2% for newness on its street and above average in Winnipeg, meaning the surrounding housing stock is generally older. This suggests a relatively newer home for the established area, but a thorough inspection for age-related maintenance is always recommended.
3. Who is the typical buyer in this area?
Elmhurst attracts a mix of long-term residents and growing families drawn to larger lots, mature trees, and the stability of an established neighbourhood, often seeking more space than newer subdivisions might offer at a similar price point.
4. What are the implications of the unfinished basement?
It provides valuable, flexible space to finish according to your needs and taste, but it requires upfront time and budget. It’s a key factor for buyers who want a project versus those seeking a completely move-in-ready home.
5. How should I interpret the assessed value?
The $433,000 assessment is a municipal valuation for tax purposes. It’s a useful benchmark, but the market sale price is determined by current buyer demand, the home’s condition, and recent comparable sales, which can be higher or lower than the assessed value.