Property Overview & Key Characteristics
This 1,142 sqft townhouse-style property, built in 2000, offers a modern and low-maintenance living option in Winnipeg's Elmhurst neighbourhood. Its primary appeal lies in its exceptional competitive standing within its immediate area. The home ranks in the top 1% of its street and the top 3% of the Elmhurst community for its newer construction age, meaning it is significantly newer than most surrounding properties. This suggests a home with more contemporary building standards and potentially lower immediate upkeep costs compared to older stock.
The property suits first-time buyers, downsizers, or investors seeking a turnkey, manageable space without the responsibilities of a detached home. Its 2022 sale price of $249,000, combined with its current assessed value, indicates a stable entry point into the market. A thoughtful perspective is that while the home's size and assessment value rank in the middle to lower tiers city-wide, its local dominance in age and condition offers a unique value proposition: you are acquiring one of the newest and most modern homes on the block, which can be a significant advantage for comfort and future resale within the community.
Frequently Asked Questions
1. What does the ranking data actually mean?
The rankings show how this property compares to others in three areas: its specific street, the broader Elmhurst community, and all of Winnipeg. For example, being newer than 99% of homes on its street is a strong local advantage, while its size is average for the area.
2. Is there a garage or basement?
According to the listed details, this property has no garage and no basement. This is typical for many townhouse-style units and contributes to the low-maintenance appeal.
3. Why is the current assessed value lower than the 2022 sale price?
Municipal assessed value for property tax purposes does not always equal market value and can lag behind recent sale prices. The assessment is a snapshot for taxation, while the sale price reflects the market conditions at that specific time.
4. Who would this property not suit?
It would likely not suit buyers needing extensive storage, vehicle shelter (like a garage), or a basement for recreational space or utilities. Those looking for a property that ranks highly in size or value city-wide may also find better options elsewhere.
5. What is the significance of it being a "townhouse-style" property?
While the specific strata type isn't detailed, this typically means shared walls and common elements. Buyers should inquire about condo or homeowner association fees, rules, and what exterior maintenance (like roof, siding, landscaping) is covered.