Property Overview: 18 Whitetail Drive, Winnipeg
Section 1: Key Characteristics & Appeal
This one-storey home in Elmhurst presents a straightforward, no-frills opportunity. Built in 1978, its 1,264 sqft living area is modest but competitively sized for the neighbourhood. The property sits on a 4,998 sqft lot, which is smaller than most in Elmhurst but still offers decent outdoor space. Key features include a basement (not renovated) and no garage.
The primary appeal lies in its value positioning. With a notably low assessed value relative to its immediate street and neighbourhood, this property stands out as an accessible entry point into the Elmhurst area. It suits practical buyers looking for a functional home without premium finishes—ideal for a first-time purchaser comfortable with a property that may require updates, or an investor seeking a rental with a lower entry cost. Its single-level layout could also appeal to those considering future accessibility. A thoughtful perspective is that its smaller lot and simpler specs mean lower ongoing property taxes and less maintenance, offering a different kind of value beyond the sale price.
Section 2: Frequently Asked Questions
1. Why is the assessed value so much lower than neighbouring homes?
The assessed value is significantly below the street and neighbourhood averages. This typically reflects the property's specific condition, features, and market position, and often results in a comparatively lower property tax burden.
2. What does "basement, not renovated" imply?
This indicates the basement is functional but has not been modernized or finished to current standards. Buyers should budget for potential updates and consider a thorough inspection to understand its condition and any needed improvements.
3. Is the lack of a garage a major concern?
For some buyers, yes. It limits secure parking and storage. However, the driveway may provide off-street parking, and the lower price point may offset this for buyers who prioritize living space over vehicle storage.
4. How does the home's size compare to the area?
At 1,264 sqft, the living area is slightly below the Elmhurst average but is a practical size for a smaller household. It ranks in the top 70% on its own street, indicating it is not unusually small for its immediate vicinity.
5. What is the context of the 2023 sale price?
The home sold for $33.5k in March 2023. This historical price provides a benchmark, but the current market value will depend on present conditions, any changes made to the property since, and updated assessments.