Property Overview
This two-storey home in Elmhurst presents a well-maintained, move-in-ready opportunity. Its key appeal lies in its balance of space, established location, and value. The 1,435 sqft interior is complemented by a fully finished basement, effectively expanding the living area. Situated on a generous 6,150 sqft lot, the property offers ample outdoor space uncommon in newer subdivisions. Built in 1978, the home is part of a mature neighbourhood with settled landscaping and established community character.
Its strongest suit is overall value and stability. The home ranks in the top 30% of Winnipeg for both lot size and assessed value, indicating a property that holds its own in the broader market. It particularly suits first-time buyers or downsizers seeking a classic, low-maintenance layout with room to breathe, without the premium of a brand-new build. It’s also a sensible fit for those who prioritize a quiet, established street over being in the absolute newest or trendiest area. A thoughtful perspective is that homes of this era often feature more robust construction and larger lot sizes than many contemporary builds, offering a different kind of long-term durability and privacy.
Frequently Asked Questions
1. How does the home’s age affect its condition and potential costs?
Built in 1978, major systems like the roof, windows, or furnace may be at or beyond their typical lifespan. A thorough inspection is crucial to budget for potential updates, though the mature age also means any significant issues have likely been addressed over time.
2. What do the ranking percentages actually mean for me?
They show the home’s competitive standing. For example, ranking in the top 28% of Winnipeg for lot size is a significant asset, while its lower ranking for "newness" on its street simply confirms it's in a mature area. The high value ranking suggests it's a solid asset within its price range.
3. Is the finished basement included in the 1,435 sqft living area?
No. The 1,435 sqft refers to the above-grade living space. The finished basement provides additional, flexible square footage that is valuable but categorized separately.
4. What is the neighbourhood of Elmhurst like?
Elmhurst is a long-established, quiet residential community in Winnipeg. The rankings show the home is on a street and in a neighbourhood with properties of very similar vintage and value, indicating consistency rather than dramatic variation from house to house.
5. Why is the assessed value important?
The $430,000 assessment is the city’s valuation for property tax purposes. While the sale price is determined by the market, a assessment that ranks highly city-wide (top 29%) generally indicates the property has features, like its lot size, that are officially recognized as adding substantial value.