Property Overview
34 Oswald Bay is a well-established, single-storey home in Winnipeg's Elmhurst neighbourhood. Built in 1978, it sits on a generous, nearly 5,900 sqft lot and offers 1,327 sqft of living space, including a finished basement. The property features an attached garage and ranks favourably in city-wide metrics for lot size, assessed value, and recent sale price, suggesting solid value within its market.
Key Characteristics & Appeal
This home’s primary appeal lies in its established setting and practical layout. The large lot is a significant asset in a mature neighbourhood, offering ample outdoor space for gardening, play, or future expansion. As a one-storey design with a finished basement, it provides flexible living space that is easily accessible. The data indicates its assessed value is notably strong compared to most Winnipeg homes, which can point to desirable location factors or property condition.
It would suit buyers looking for a move-in-ready home in a quiet, long-standing community without the premium of a new build. It’s particularly practical for those seeking single-level living or who appreciate the character and larger lot sizes found in neighbourhoods from this era. The favourable rankings in value metrics suggest it may also attract the value-conscious buyer who recognizes stability and potential in an older, well-maintained property.
Frequently Asked Questions
1. What does the ranking data actually tell me?
The rankings compare this property to others on its street, in Elmhurst, and across all of Winnipeg. For example, its lot size ranks in the top 35% city-wide, meaning it's larger than most. Its high assessment value ranking suggests it is valued above many Winnipeg homes, which can reflect the lot, location, or improvements.
2. Is the finished basement included in the 1,327 sqft living area?
Typically, the listed "living area" refers to above-grade square footage. The finished basement is an additional space, adding functional rooms like a rec room, office, or extra bedrooms not counted in the main figure.
3. The house was built in 1978. What should I be aware of?
While the home has been maintained, a professional inspection is crucial for systems common to that era, such as the roof, original windows, plumbing, electrical wiring, and the foundation. The age also means renovations may follow older styles.
4. How does the 2019 sale price relate to the current asking price?
The 2019 sale of $440,000 provides a historical benchmark. The current assessed value of $492,000 offers a municipal valuation for tax purposes. Market conditions, updates made since 2019, and seller motivation will determine the final listing price.
5. What are the advantages of a large lot in this neighbourhood?
Beyond privacy and space, a large lot in a mature area like Elmhurst offers potential not always available in newer subdivisions. This includes possibilities for additions, a detached garage or workshop, or simply enjoying established trees and landscaping. It also often contributes significantly to the property's overall value.