Property Overview: 19 Oswald Bay, Elmhurst, Winnipeg
Section 1: Key Characteristics & Appeal
This property is a spacious, two-storey family home built in 1986, situated on a notably large, mature lot of approximately 11,700 square feet in Winnipeg's Elmhurst neighbourhood. Its primary appeal lies in its generous proportions, both in living space (2,295 sqft) and land size, offering room to grow, play, or garden. The home features an unfinished basement and an attached garage.
The data suggests a home that ranks highly against its peers. It stands out locally for its above-average lot size, living area, and assessed value, positioning it as a substantial and competitive property within its immediate area and across Winnipeg. Its age indicates a well-established setting, but buyers should factor in the potential for updates commensurate with a 40-year-old home.
This home would best suit buyers looking for established neighbourhood character with ample outdoor space—ideal for families, those who enjoy gardening, or anyone seeking a sense of privacy and room in the city. It’s a property for someone who values space over a brand-new build and is prepared for a home that may benefit from personalization or gradual modernization.
Section 2: Frequently Asked Questions
1. What does the ranking data actually mean?
The rankings show how this property compares to others in its immediate street, community, and all of Winnipeg. For example, ranking in the "top 4%" for living area means 96% of homes in Winnipeg are smaller. This quantifies the home's standout features of space and lot size.
2. Is an unfinished basement a drawback?
Not necessarily. While it requires an investment to finish, it presents a blank canvas for additional living space, storage, or a workshop, allowing the new owner to customize it to their exact needs without needing to undo previous work.
3. The home is 40 years old. What should I consider?
This is a key point. While major systems may have been updated, a prudent buyer will pay close attention to the condition of the roof, windows, plumbing, electrical, and the heating/cooling systems, budgeting for maintenance or updates that come with a home of this vintage.
4. Why is the lot size a significant feature?
A lot of this size (nearly a quarter-acre) is increasingly rare in the city. It offers exceptional outdoor potential, from large gardens and play areas to the possibility of future additions like a shed, patio, or even a pool, subject to bylaws. It also provides a greater sense of privacy and space between neighbours.
5. How should I interpret the assessed value?
The municipal assessed value ($559,000) is for tax purposes and is not a direct indicator of market value. However, its high percentile ranking (top 10% in Winnipeg) confirms the property's substantial attributes. The final sale price will be determined by current market conditions, the home's interior condition, and buyer demand.