23 Ascot Bay

Property Overview & Appeal

This 1969-built, one-storey home in Elmhurst sits on a large, mature lot over 7,200 sqft, offering a rare sense of space and privacy for the area. Its key appeal lies in a combination of its updated essentials and solid foundation: it features a fully finished basement and a split garage, adding functional living and storage space beyond its 1,023 sqft main floor. The property presents a compelling value proposition, with an assessed value that positions it favorably compared to much of Winnipeg. It ranks exceptionally well for its lot size city-wide and is one of the newer homes on its street. This home would suit practical buyers looking for a move-in-ready bungalow with a low-maintenance footprint, first-time homeowners seeking a stable investment in a well-established neighborhood, or downsizers who value single-level living without sacrificing yard space. A less obvious perspective is its potential for future value growth; the large lot in a mature community offers long-term possibilities, whether for gardening, expansion, or simply as a premium asset in an increasingly land-scarce market.

Frequently Asked Questions

1. How does the age of the home affect its condition and costs?
Built in 1969, major systems like the roof, windows, and furnace may have been updated, but a thorough inspection is recommended to understand the remaining lifespan of these components and plan for any future capital expenditures.

2. What are the benefits and considerations of the large lot?
The 7,278 sqft lot provides excellent outdoor space, privacy, and potential for gardening or recreation. Buyers should consider the ongoing maintenance (lawn care, snow clearing) and understand any local bylaws regarding future structures like sheds or decks.

3. Is the finished basement included in the official square footage?
No. The listed living area of 1,023 sqft typically refers to above-grade space. The finished basement provides additional functional rooms but is not counted in that official figure, meaning you get more usable space than the main square footage suggests.

4. What does the "split garage" configuration mean?
This usually indicates a two-car garage separated by a wall or support structure, which can offer more flexible storage options than a single, open double garage. It's worth verifying the exact dimensions to ensure it meets your vehicle and storage needs.

5. The home ranks highly for lot size but lower for living area. What does this mean for me?
This highlights the property's key characteristic: it trades a sprawling interior for generous outdoor space. It's ideal if you prioritize a large yard over a large floor plan, but you'll want to ensure the indoor layout and room sizes work for your household's daily life.