Property Overview & Key Characteristics
This 1981-built, one-storey home in Elmhurst sits on a generous 6,239 sqft lot and offers 1,309 sqft of living space with a finished basement. It features an attached garage and presents as a classic, low-maintenance bungalow. Its appeal lies in the combination of a larger-than-average lot in a mature neighbourhood and a home that is fundamentally sound and ready for living, with room for future updates. The property's value metrics are strong, ranking in the top 26% of Winnipeg for lot size and top 24% for assessed value, suggesting a desirable and competitive position in the broader market.
This home would suit first-time buyers looking for a manageable single-level layout, downsizers seeking stability without the upkeep of a larger property, or value-conscious investors attracted by the solid lot size and the potential to add value through strategic renovations over time. A thoughtful perspective is that while the interior living space ranks lower locally, the significant lot offers a private outdoor canvas that many newer properties lack, providing a balance of indoor simplicity and outdoor potential.
Frequently Asked Questions
1. What is the true condition of the home given its age?
Built in 1981, the home is 45 years old. Buyers should budget for updates to aging components like the roof, windows, or major mechanical systems, which are typical for a home of this vintage, while appreciating the stability of a mature property.
2. How does the finished basement add to the living space?
The finished basement effectively increases the usable living area beyond the 1,309 sqft main floor, likely providing space for additional bedrooms, a family room, or a utility/workshop area, which is a key functional advantage.
3. Why are the rankings for lot size and value much higher than for living area?
This indicates the property's value is driven more by its substantial land parcel and location than by the size of the house itself. It suggests you are purchasing land equity and neighbourhood appeal, with a home that may benefit from expansion or modernization.
4. Is the neighbourhood family-friendly?
Located in the established Elmhurst area, it offers the quiet, tree-lined streets typical of mature Winnipeg neighbourhoods. The specific suitability for families would depend on proximity to preferred schools, parks, and amenities, which should be verified independently.
5. What does the "relative ranking" data actually mean for a buyer?
These rankings show the home's competitive standing. For example, ranking in the top 26% of Winnipeg for lot size is a significant advantage. However, ranking lower for living area within its own street suggests the houses on Apex Street are generally larger, so this may be one of the more modestly sized homes on the block.