Property Overview & Key Characteristics
This is a well-maintained, single-storey home built in 1984, offering a practical and comfortable layout. Its key appeal lies in its established Elmhurst neighbourhood setting, featuring a generous 5,592 sqft lot that provides ample outdoor space—a relative rarity for a home of this size. With 1,120 sqft of living space and a finished basement, it offers functional room to grow without being overwhelming. The home presents a grounded value proposition, with an assessed value that positions it accessibly within the wider Winnipeg market.
Its strongest suit is livability and low-maintenance ease. The one-level living is a significant draw for those looking to avoid stairs, such as empty-nesters, first-time buyers, or small families. The large lot is a blank canvas for gardeners, play areas, or simple private relaxation. While not the newest or largest on its street, its age and condition are competitive within the broader community, suggesting it has been cared for. This property would best suit pragmatic buyers seeking a turn-key home in a mature area, who prioritize outdoor space and single-level convenience over a modern, expansive floor plan.
Frequently Asked Questions
1. How does the home’s age impact its condition and potential costs?
Built in 1984, major components like the roof, windows, and HVAC system are likely at or beyond their typical lifespan. A thorough inspection is crucial to understand the remaining life of these elements and to budget for upcoming updates, which is a common consideration for homes of this vintage.
2. What are the advantages and considerations of such a large lot?
The nearly 5,600 sqft lot is a major asset for privacy, recreation, or gardening. However, it also means more yard maintenance. Buyers should consider the time or cost for lawn care, landscaping, and seasonal tasks like snow removal on the larger driveway.
3. What does "finished basement" entail, and is it included in the square footage?
The finished basement adds valuable flexible space (e.g., for a family room, office, or guests), but it is not typically counted in the official 1,120 sqft of above-grade living area. It’s important to clarify the finish quality, ceiling height, and whether it includes a proper egress window for safety and legality.
4. The home ranks highly for its age but lower for size on its street. What does this mean?
This indicates the street consists of mostly older homes, making this one relatively newer. The lower size ranking suggests neighbouring homes may be larger, which could be positive for property values but means this home is one of the more modestly sized options on the block.
5. How should I interpret the assessed value versus the listing price?
The municipal assessment of $412,000 is for tax purposes and reflects a mass appraisal from a prior date. The listing price is set by the seller based on current market conditions. The assessment is a useful benchmark, but the final sale price will be determined by recent comparable sales and buyer demand.