Property Overview
This 1988-built, one-storey home in Elmhurst offers a practical and spacious layout on a large, mature lot. Its key appeal lies in its combination of a generous, fully-finished basement, a sizable 6,690 sqft property, and a location that provides a quiet, established neighbourhood feel while ranking highly for value across Winnipeg. The home’s assessed value places it in the top 15% city-wide, suggesting a solid foundation of municipal valuation relative to its space. It suits buyers looking for a move-in-ready bungalow with room to grow, whether that's for a family needing the extra below-ground living space or someone seeking single-level living with a substantial yard. A thoughtful perspective is that while the living area is modest for the neighbourhood, the significant lot size and finished basement greatly expand the usable space, offering potential for both privacy and flexibility.
Frequently Asked Questions
1. How does the home’s age (38 years) affect its condition and potential costs?
Built in 1988, the home is in the stage where major components like the roof, windows, or HVAC system may be near or due for replacement. A thorough inspection is advised, but its newer ranking (top 19% in the community) suggests it may be in better relative condition than many of its neighbours.
2. The living area seems average, but the lot is large. How does this balance out?
The 1,585 sqft main floor is complemented by a fully-finished basement, effectively doubling the liveable space. The large 6,690 sqft lot is a standout feature, offering ample outdoor space for gardens, play, or entertaining that is harder to find in newer subdivisions.
3. What do the "rankings" actually tell me about the property's value?
These rankings compare the home to others on its street, in Elmhurst, and across Winnipeg. Key takeaways are its very strong city-wide rankings for lot size (top 20%) and assessed value (top 15%), indicating its fundamentals are competitive. Its more average rankings within the immediate area suggest it’s a typical, well-priced option for the neighbourhood.
4. Is the finished basement included in the listed 1,585 sqft living area?
No, the 1,585 sqft refers to the above-ground living area. The fully-finished basement provides additional square footage, the exact size of which should be verified.
5. Who would this property be most suitable for?
It’s an excellent fit for those seeking single-level living (or minimal stairs) with abundant finished space, such as young families who can use the basement as a rec room, or downsizers who want a manageable main floor but still have guest or hobby space below. The large lot appeals to anyone valuing outdoor privacy.