Property Overview
This two-storey home in Elmhurst presents a compelling opportunity for buyers seeking a well-established property with above-average space and land. Built in 1983, its key appeal lies in its generous 7,963 sqft lot and a finished basement that adds to its 1,620 sqft of living area. The home ranks highly within its immediate area for lot size, assessed value, and relative newness, suggesting it is a substantial and well-regarded property on its street. Its appeal is grounded in space, privacy, and a sense of established stability rather than modern luxury. This property would suit a growing family or a buyer who values a large, private yard and the character of a mature neighbourhood, and who is comfortable with a home that may require updates reflective of its era.
Frequently Asked Questions
1. What does the high ranking for "Assessed Value" on the street indicate?
It suggests the municipal assessment of this property is higher than most of its immediate neighbours. This typically reflects the home's larger lot size, finished basement, and overall condition relative to others on the street, but it is also a factor in determining property taxes.
2. The home is 43 years old. What should I be mindful of?
While the rankings show it's newer than most on its street, a home of this age may have original or aging major components. A thorough inspection should focus on the roof, windows, HVAC system, and plumbing to budget for any necessary updates or maintenance.
3. How usable is a nearly 8,000 sqft lot in Winnipeg?
This is a significant outdoor space for the city, offering ample room for gardening, recreation, and privacy. It also provides long-term potential for additions like a large deck, shed, or even a future garage expansion, subject to local bylaws.
4. There's no pool, but does the finished basement add similar value for entertainment?
A finished basement effectively expands the living space year-round, which in our climate can be more versatile and valuable than a seasonal pool. It can serve as a family room, home office, or guest space, adding functional square footage.
5. The "Community" rankings are lower than "Street" rankings. What does this mean?
This indicates that while this home is a top-tier property on its specific street, the broader Elmhurst neighbourhood contains many other larger, newer, or higher-value homes. It’s a perspective that this is a strong home in a desirable and potentially diverse community.