Property Overview & Key Characteristics
This two-storey home in Elmhurst offers a compelling blend of space, established character, and a prime location. Built in 1979, its primary appeal lies in its generous, over 10,600 sqft lot—a rarity that places it in the top 5% of all Winnipeg properties for land size. The 1,766 sqft living area is supplemented by a finished basement, providing ample room for a growing family or those who value separate spaces for living, work, and hobbies. While it lacks a garage or pool, the property’s strength is its established, leafy setting in a mature neighbourhood.
Its appeal is for the practical buyer who prioritizes land and location over turn-key modernity. It suits a family looking for a spacious yard and the stability of a well-regarded community, or a value-conscious purchaser willing to update interiors over time to personalize the space. The strong assessment value and historical price growth suggest a solid, enduring investment in a desirable area. A thoughtful perspective is that this property represents a "canvas" home—its significant lot and good bones offer long-term potential that goes beyond its current finishes, appealing to those who see future possibilities in landscaping, additions, or renovations.
Frequently Asked Questions
1. What is the significance of the property rankings provided?
The rankings compare this home against others on its street, in Elmhurst, and across all of Winnipeg for metrics like lot size, age, and value. For example, being in the top 5% for lot size city-wide highlights the exceptional yard space as a key feature.
2. The home was built in 1979. What should I consider?
While the structure is now 47 years old, its systems (roof, windows, furnace, electrical) may have been updated over time. A thorough inspection is crucial to understand the condition and timeline for any necessary maintenance or modernizations.
3. There is no garage. How is vehicle parking handled?
The listing does not specify a driveway, but the large lot may accommodate off-street parking. It's important to verify the exact parking arrangements and review any local street parking bylaws.
4. The 2019 sale price was higher than the 2016 price, but now the assessment is higher still. What does this mean?
This pattern generally indicates a market where property values have been appreciating. The city's assessed value is for taxation purposes and can differ from market value, but the consistent upward trend is a positive indicator of the area's desirability.
5. Who would this property not be ideal for?
It may not suit buyers seeking a brand-new, low-maintenance home, or those who require immediate attached garage parking. It’s best for those comfortable with the character and potential upkeep of an older home in exchange for a premier lot size.