Property Overview
This 1983 four-level split home in Elmhurst offers a practical layout with 1,578 sqft of living space on a generous 5,521 sqft lot. Its key characteristics include an unfinished basement, providing a blank canvas for future expansion, and an attached garage. The home presents a solid, no-frills foundation in a mature neighbourhood.
Its appeal lies in its balance of space, value, and potential. The lot size is well above average for the area, offering ample outdoor room. While the interior finishes may reflect its era, the structure itself is competitively sized within Winnipeg. The unfinished basement is a key asset for a buyer looking to customize and add value according to their own needs and budget.
This property would suit a practical buyer—perhaps a handy first-time purchaser or an investor—who values space and land over turn-key perfection. It’s for someone who sees the unfinished basement not as a drawback, but as the most valuable opportunity the home offers to build equity through a personalized renovation.
Frequently Asked Questions
1. What is the true significance of the provided rankings?
The rankings show the home performs well in lot size and age for its immediate street, indicating it's among the larger, newer properties on the block. However, its assessment value ranks lower within the community, which may suggest it's perceived as a value option or is due for updates compared to neighbours.
2. Is the unfinished basement a pro or a con?
This depends entirely on the buyer. It's a con for those seeking immediate, move-in-ready finished space. It's a significant pro for those who want to insulate, wire, and finish the area to their own specifications without first demolishing an existing, potentially dated layout.
3. What can the "four-level split" layout typically expect?
This popular 70s/80s design often features staggered levels, creating defined zones and potentially better noise separation between living and sleeping areas than a traditional bungalow or two-story. However, it also means more interior stairs, which is a consideration for mobility.
4. How should I interpret the assessment value versus the asking price?
The municipal assessment of $414,000 is for tax purposes and reflects a mass appraisal from a prior date. It's a useful benchmark for comparing relative value within the area, but the market-based asking price will reflect current conditions, the home's specific state, and seller motivation.
5. What are the less obvious considerations of a 1983 build?
While not old by Winnipeg standards, homes from this era are often at the stage where original major components—like the roof, windows, or furnace—may be nearing the end of their service life or have recently been replaced. A thorough inspection is key to understanding upcoming capital costs versus recent updates.