14 Milan Street is a well-established, two-storey home in Elmhurst, built in 1978. Its primary appeal lies in its generous proportions and established setting. The nearly 1,900 sqft of living space is above average for the area, complemented by a large, 7,195 sqft lot. A finished basement adds functional space. The home presents a solid value proposition, ranking highly within Winnipeg for both its size and assessed value, suggesting it is a substantial property for its price point. It would suit buyers looking for a spacious family home in a mature neighbourhood without the premium of a new build, and who value room to grow or garden over features like a garage or pool.
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What does the ranking data actually mean?
The rankings show this home is larger, newer, and more highly assessed than most comparable properties in Winnipeg. Notably, it ranks in the top 12-16% city-wide for size and value, indicating it's a competitively sized asset for the market.
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Is the lack of a garage a significant drawback?
This depends on buyer priorities. The large lot offers potential for adding a garage or shed, but the absence of one is a trade-off for the home's square footage and lot size at its price point. It suits those who prioritize indoor and yard space over dedicated vehicle storage.
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What are the implications of a 48-year-old home?
While systems and components are likely not original, a home of this age may require proactive maintenance or updates. The positive ranking for its "newness" within its own street suggests it is among the more recent builds in its immediate area.
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How should I interpret the community rankings versus city-wide ones?
The home ranks higher city-wide (top 16%) than within Elmhurst itself (top 47% for lot size). This suggests the property is a standout in terms of overall substance, but buyers should explore the specific neighbourhood to ensure it meets their lifestyle preferences.
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Does the high assessed value equate to a high property tax bill?
Typically, yes. The assessed value is a key factor in calculating municipal property taxes. A value ranking in the top 12% city-wide generally indicates correspondingly higher-than-average taxes, which should be factored into the overall budget.