134 Avril Lane

Property Overview: 134 Avril Lane

This two-storey family home in Elmhurst presents a well-maintained and spacious option in a mature Winnipeg neighbourhood. Built in 1983, it sits on a large, approximately 5,200 sqft lot and offers 1,901 sqft of living space, including a finished basement. With a detached garage and no pool, it aligns with classic, low-maintenance Canadian suburban living.

Key Characteristics & Appeal

The primary appeal of this home lies in its established setting and above-average living space. It ranks in the top 12% of Winnipeg homes for square footage, offering more room than most for the price point. The finished basement adds valuable flexible space for recreation, a home office, or guests. Its lot size is also a significant asset, providing ample outdoor space for gardening, play, or future additions.

The home suits practical buyers looking for move-in-ready space in a quiet neighbourhood without the premium of a brand-new build. It’s ideal for a growing family that values interior space and a sizable yard over a brand-new kitchen or open-concept layout. The 2019 sale suggests a previous turnover, potentially indicating updates, while the current assessed value reflects steady market appreciation. A thoughtful perspective is that while it ranks in the middle of its immediate street for size and value, it stands out more significantly within the broader community and city, suggesting it’s a solid performer in a neighbourhood with a wide variety of home values.

Frequently Asked Questions

1. How does the home’s age affect its value?
Built in 1983, the home is well into its lifecycle. This typically means more established landscaping and neighbourhood character, but buyers should budget for potential updates to major aging components like the roof, windows, or HVAC system, which may be nearing or past their typical lifespan.

2. Is the price competitive for the area?
The home’s assessed value ranks higher than 76% of homes in Elmhurst, indicating it is considered above average for the community. This suggests the asking price is likely positioned for its size, condition, and lot, rather than being a bargain-basement listing.

3. What does the "finished basement" include?
The listing confirms a finished basement but does not specify the finish quality, rooms, or ceiling height. This is a key detail to clarify, as it impacts the true usable living space and whether it includes legal bedrooms or simply a rec room.

4. The home sold in 2019; what does that recent history imply?
A sale just five years ago suggests the current sellers may have undertaken some updates or maintenance during their ownership. It also provides a clear recent price benchmark, showing appreciation from the $430,000 purchase price to the current $515,000 assessment.

5. How does it rank for size versus value on its own street?
Interestingly, on Avril Lane itself, the home ranks in the 62nd percentile for size (38th out of 61) but in the 31st percentile for assessed value (19th out of 61). This indicates that while there are larger homes on the street, this property holds a relatively stronger value position, possibly due to its condition, lot, or specific updates.