Property Overview: 129 Brittany Drive
Key Characteristics & Appeal
This well-established 1992 bungalow in Elmhurst offers a practical, single-level layout with 1,603 sqft of living space and a finished basement on a generous 5,595 sqft lot. Its key appeal lies in a combination of space, recent market validation, and a location that offers relative value. The home is positioned in a mature neighbourhood, as evidenced by its age ranking newer than most houses in Winnipeg, suggesting a streetscape of settled, developed properties.
The property’s standout feature is its strong assessed and recent sale value relative to its surroundings. With an assessment and a late-2022 sale price that each rank within the top 25% of Winnipeg, it indicates a perceived and market-tested value that exceeds many local comparables. This, paired with the convenience of a finished basement and attached garage, presents a turnkey opportunity.
This home would suit buyers looking for the ease of bungalow living without sacrificing interior space, such as small families, downsizers, or first-time buyers seeking a move-in-ready property in a mature area. A thoughtful perspective is that while its interior size is modest relative to the neighbourhood, its high value ranking suggests the lot size, condition, or specific location on the street contribute significantly to its worth. It’s a property that has already proven its marketability in the recent past.
Frequently Asked Questions
1. How does the 2022 sale price relate to the current asking price?
The home sold for $550,000 in December 2022. The current assessed value is $564,000. This recent transaction provides a concrete, up-to-date benchmark for the property's market value.
2. Is the house relatively new or old for the area?
Built in 1992, it is newer than 76% of homes in Winnipeg and 87% within the Elmhurst community itself, making it a relatively newer home in a mature neighbourhood.
3. What does the "ranking" data actually tell me?
The rankings compare this property against others on its street, in Elmhurst, and across all of Winnipeg for metrics like size, age, and value. For example, being newer than 87% of Elmhurst homes indicates a modern home in an older area, while its value ranking in the top 10% city-wide highlights its premium assessment.
4. The living area ranks lower than its value. What does that mean?
While the 1,603 sqft living area is smaller than many local homes, its high value ranking suggests other factors—like the finished basement, large lot, property condition, or exact location—are driving its assessed worth more than pure square footage.
5. What is the neighbourhood character likely to be?
The data suggests a well-established, stable neighbourhood. With the home being newer than most in Elmhurst, the street likely features a mix of older original homes and some renewed or updated properties from the 90s onward.