Property Overview
This 1978-built, one-storey home in Elmhurst offers a practical and comfortable living space on a generous 6,150 sqft lot. Its key characteristics include 1,240 sqft of living area, a finished basement, and an attached garage. The appeal lies in its established neighbourhood setting and its strong overall value position within Winnipeg, outperforming 72% of city properties in lot size and 75% in assessed value. It suits first-time buyers looking for a solid starter home with room to grow, or downsizers seeking single-level living without compromising on yard space. A thoughtful perspective is that while the home's interior size is modest relative to the lot, this presents a clear opportunity for future expansion or outdoor living projects, making it a strategic buy for those with long-term plans.
Frequently Asked Questions
1. How does the home's age affect its condition and potential costs?
Built in 1978, the home is nearly 50 years old. Buyers should budget for updates to major aging components like the roof, windows, or HVAC system, and a thorough inspection is essential. The upside is that homes of this era often feature solid construction and mature landscaping.
2. The lot is large, but the house itself is on the smaller side. Is this a good or bad thing?
This depends on your priorities. It offers excellent outdoor space for gardening, play, or entertaining, which is a premium in many areas. However, the living area rankings show the interior size is below average for the community, so it may feel cozy for larger families unless the finished basement is utilized effectively.
3. What do the "rankings" actually tell me?
They show how this property compares to others in the immediate area, the broader Elmhurst community, and all of Winnipeg. For example, ranking in the top 28% city-wide for lot size means you're getting more land than most Winnipeg properties, which is a significant asset.
4. The assessed value is $455,000. Is that the sale price?
No. The assessed value is for municipal tax purposes. The sale price is determined by the current market and can be higher or lower. However, its assessment ranks highly (top 25% in Winnipeg), indicating the city views it as a relatively high-value property for tax calculation.
5. Is the finished basement included in the 1,240 sqft living area?
Typically, municipal living area (square footage) refers to above-grade space only. The finished basement is an additional bonus area that adds functional living space but is not usually counted in the official square footage figure.