Property Overview & Appeal
This two-storey home in Elmhurst presents a practical and comfortable living proposition. Its key characteristics include a fully finished basement, an attached garage, and a generous 6,149 sqft lot, offering ample outdoor space—a notable asset in a mature neighbourhood. Built in 1979, the home has 1,432 sqft of living space.
The appeal lies in its established setting and relative value. The property ranks in the top third of all Winnipeg homes for lot size and assessed value, suggesting a solid, well-positioned asset. It suits first-time buyers looking for a move-in-ready home with space to grow, or downsizers seeking a manageable property with a large, private yard without the upkeep of a brand-new build. A thoughtful perspective is its potential for gentle modernization; while functional as-is, it offers a canvas for someone to add personal value over time without the premium of a newly constructed home.
Frequently Asked Questions
1. What does the "ranking" data actually mean?
The rankings compare this property to others on its street, in Elmhurst, and across all of Winnipeg. For example, being in the "top 28%" for lot size in Winnipeg means 72% of city homes sit on smaller lots, highlighting one of this property's key strengths.
2. Is a 47-year-old home a concern?
While systems like roofing or windows may need attention or updating due to age, the home has stood the test of time. A thorough inspection is key, but the rankings show it is newer than 62% of Winnipeg homes, which can be reassuring.
3. How should I interpret the assessment value?
The municipal assessment of $427,000 is for tax purposes and is a historical snapshot. It is a useful data point that confirms the home is valued above the majority in the city, but the market sale price is determined by current buyer demand.
4. What are the advantages of a large lot in this area?
Beyond simple privacy and space for recreation or gardening, a large lot in a mature neighbourhood like Elmhurst often provides a greater sense of openness, more natural light, and long-term value tied to land scarcity.
5. The home ranks lower within its own street for some metrics. Is that a problem?
This is common on established streets where homes were built at similar times. It indicates the street itself is consistent and desirable. The fact that the property excels in broader rankings (city-wide) is often more significant, showing its standout features hold wider appeal.