Property Overview
18 Hewitt Crescent is a well-established, two-storey home in Elmhurst, built in 1981. Its primary appeal lies in its generous, mature lot of nearly 9,500 sqft—a rarity that offers significant outdoor space and privacy within the city. The home itself provides a comfortable 1,856 sqft of living space, complemented by a finished basement, creating ample room for family living. The data suggests a property that outperforms most of its local and city-wide peers in terms of lot size, recent sale price, and overall assessed value, indicating a solid and desirable asset in its market.
This home would suit buyers looking for a established neighbourhood character with room to grow, garden, or simply enjoy a larger piece of land. It’s ideal for those who prioritize space over brand-new condition, and for value-conscious buyers who appreciate a home with proven, strong market performance relative to its area. The lack of a garage may appeal to those wanting to maximize yard space or add a structure to their own specifications.
Key Questions for Consideration
1. How does the 1981 build year impact the home?
While the home is well-maintained, buyers should budget for updates consistent with its age, such as windows, roof, or major systems. Its newer ranking on the street suggests it may be among the more recent builds in the immediate area.
2. What does the lot size ranking truly mean?
Ranking in the top 7% in Winnipeg for lot size is a significant advantage. It not only provides immediate space but also represents a long-term asset, as such large parcels are increasingly uncommon in the city, contributing to the property's enduring value.
3. The home sold for $565,000 in 2022 but is now assessed at $518,000. Why?
Municipal assessments for taxation purposes often lag behind actual market sale prices. The 2022 sale price is a concrete market data point, and its high percentile ranking suggests it was a strong sale. The current assessment should be verified for accuracy and will be a factor in calculating annual property taxes.
4. There’s no garage. Is that a major drawback?
This depends on the buyer's needs. The large lot provides excellent potential to add a garage or workshop, subject to local bylaws. For some, the trade-off of more yard space for less paved area is a positive.
5. What is the neighbourhood feel of Elmhurst?
As an established area with homes from various eras, Elmhurst typically offers tree-lined streets and a settled community atmosphere. The high rankings within the community for lot size and value suggest it's a consistently desirable part of the neighbourhood.