Property Overview
This 1984-built, one-storey home in Elmhurst offers a practical and comfortable living space on a generous, mature lot. Its key appeal lies in being a well-established, single-level home with a finished basement and attached garage, situated on a quiet street. The nearly 6,000 sqft lot provides ample outdoor space, a notable advantage in the neighbourhood. The home’s assessed value ranks notably higher than the city average, suggesting it is in good standing relative to the broader market.
It would suit first-time buyers or downsizers looking for a manageable, no-stairs layout in a settled area. The large lot also makes it a candidate for buyers who value private outdoor space for gardening or family activities, with potential for future expansion, subject to approvals. A less obvious perspective is that while the living area is modest relative to the lot size, this presents a classic "value in the land" scenario, where the property's long-term potential may be as much about its location and parcel size as the current structure.
Key Details & FAQs
- Key Characteristics: 1,280 sqft bungalow, finished basement, attached garage. Built in 1984 on a 5,911 sqft lot.
- Appeal: Single-level living, large private lot, established Elmhurst location, and a home that presents as a solid, well-maintained canvas.
- Ideal For: First-time homebuyers, downsizers, or those seeking a low-maintenance layout with generous outdoor space.
Frequently Asked Questions
1. How does this home compare to others on the street and in Elmhurst?
The property sits on a larger-than-average lot for the street, ranking in the top 21% for size. However, the living space is more modest compared to immediate neighbours. In the broader Elmhurst community, it ranks around the middle for size and value, making it a fairly typical offering for the area.
2. Is the finished basement included in the 1,280 sqft living area?
No, the 1,280 sqft figure refers to the above-ground living space. The finished basement provides additional usable square footage, which is a significant functional bonus not reflected in the main area statistic.
3. What does the assessment value ranking tell me?
The home's municipal assessment ranks higher than 76% of all Winnipeg homes, placing it in the top quarter city-wide. This generally indicates the city assessor views it as a higher-value property relative to the market, which can be a positive indicator of its condition and location, though market price is determined by buyers.
4. Who might this property not suit?
Buyers seeking a modern, recently renovated home or very spacious interiors may find the 1984 build and modest square footage limiting. It's better suited for those comfortable with a home of this era and who prioritize lot size over expansive floor plans.
5. Are there any immediate concerns with a 42-year-old home?
As with any home of this age, the condition of major systems (roof, windows, furnace, plumbing) should be verified through a professional inspection. The positive aspect is that many original components in a well-maintained 1980s home may have been updated already, offering a more predictable maintenance outlook than much older properties.