Property Overview
This 1978-built, one-storey home in Elmhurst offers a practical and affordable entry point into Winnipeg's housing market. Its key appeal lies in its simplicity and value. At 920 sqft of living space on a 3,000 sqft lot, the home is manageable in size and comes with a finished basement, adding functional space. The data reveals a nuanced picture: while the property ranks highly in its immediate area for its newer build year (newer than 80% of houses on its street), it is notably compact and sits on a smaller lot compared to most neighbours. This creates a specific value proposition—it's a well-situated, relatively modern bungalow without the premium price tag of a larger footprint, ideal for those who prioritize low-maintenance living. It would suit first-time buyers, downsizers, or investors looking for a straightforward, single-level home in a mature neighbourhood. A thoughtful perspective is that its competitive rankings for build year suggest it may have fewer immediate major repair concerns than many older area homes, while its lower rankings for size and value indicate a clear, budget-conscious opportunity.
Frequently Asked Questions
1. What is the true condition of the finished basement?
The listing confirms the basement is finished, but specifics on the quality, ceiling height, permits, or potential moisture issues are not provided. This would be a key area for a professional inspection.
2. How does the lack of a garage affect parking and storage?
The property has no garage. Buyers should assess on-street parking availability and consider where vehicles will be parked in winter, as well as solutions for storage and tools without a dedicated garage space.
3. The lot size ranking is very low. Will the yard feel small or constrained?
With a lot size ranking in the bottom 4% of the street, the outdoor private space is significantly smaller than most in the immediate area. It will likely be a compact yard, suiting those who want minimal upkeep.
4. The home's value ranks lower than its build year. What does this mean?
It ranks newer than 80% of street homes but is valued lower than 86% of them. This typically reflects the home's smaller size and lot. It suggests you may be paying primarily for the structure's condition and location rather than land value.
5. Is this a good candidate for future expansion or renovation?
Given the small lot size relative to the neighbourhood, the potential for lateral expansions like additions or a garage may be physically or legally limited. Any significant renovation would likely focus on modernizing the existing footprint.