Property Overview
This 1982-built, one-storey home in Elmhurst offers a practical and established living option. Its key appeal lies in its generous 6,711 sqft lot, providing ample outdoor space that surpasses 75% of homes on its street. The property features a finished basement and an attached garage. With 1,000 sqft of living space, it is a more compact home, which may suit those looking to downsize or seeking a lower-maintenance footprint without sacrificing yard size.
The home would likely suit a first-time buyer, a downsizer, or an investor looking for a stable rental property in a mature neighbourhood. Its strong city-wide ranking for lot size (top 20%) and above-average assessment value ranking (top 34% in Winnipeg) suggest a property with a valuable and desirable underlying asset, even if the house itself is modest in size. The 2017 sale price provides a clear historical benchmark for value assessment.
Frequently Asked Questions
1. How does the lot size compare to newer subdivisions?
At 6,711 sqft, this lot is significantly larger than those typically found in many modern suburban developments, offering more privacy and room for gardening or expansion.
2. The living area is ranked lower; is the house too small?
With 1,000 sqft plus a finished basement, the home is compact but efficient. It's ideal for those who prioritize low-maintenance living and value their outdoor space over a large interior footprint.
3. What do the "rankings" actually mean for me?
They provide context. For example, being in the top 20% of Winnipeg for lot size is a strong asset, while the interior size rankings confirm this is not a sprawling home. They help you understand what you're primarily paying for: the land.
4. The home was built in 1982; what should I be aware of?
As a 44-year-old home, a thorough inspection is essential. Key systems like the roof, windows, plumbing, and electrical may be at or beyond their typical lifespan and should be evaluated carefully.
5. How does the 2017 sale price relate to today's asking price?
The $340,000 sale price seven years ago is a useful data point, but market conditions have changed. The current assessed value of $404,000 offers a more recent municipal valuation, though the final market price will be determined by current demand, condition, and comparable sales.