Property Overview
This 1978-built, one-storey home in Elmhurst presents a practical and affordable entry point into Winnipeg's housing market. Its key appeal lies in its straightforward layout, with 979 sqft of living space and a fully finished basement, offering functional space for a small household. The 3,230 sqft lot provides a decent-sized, low-maintenance yard. Market data indicates it is priced accessibly relative to the area, with a recent sale history and an assessment in line with its value proposition.
The home suits first-time buyers or downsizers seeking a no-fuss, single-level living situation without major renovation projects. Its competitive rankings for lot size and age on its street suggest it holds its own in the immediate neighborhood, though broader rankings show it as a more modest offering within the wider community and city. The appeal is grounded in essentials: functionality, affordability, and a stable location.
Frequently Asked Questions
1. What is the true condition of the finished basement?
While listed as finished, it's important to verify the quality, ceiling height, and whether it includes proper egress windows and moisture control, as these factors significantly impact livability and value.
2. How does the lack of a garage affect daily life and resale?
Buyers should consider on-street parking logistics, especially in winter, and the potential cost/feasibility of adding a shed or future garage for storage and vehicle protection.
3. The home ranks highly for its age on the street. What does this imply?
This suggests the immediate block has many older homes, so this 1978 build might be one of the more recent constructions in the area, potentially meaning fewer major age-related issues compared to neighbors.
4. The rankings for size and value are lower in the broader community. Is this a concern?
Not necessarily. It reflects that Elmhurst contains larger, higher-value homes. This property represents a more affordable tier within the neighborhood, which can be an advantage for budget-conscious buyers wanting the location.
5. The 2021 sale price was above the current assessed value. How should this be interpreted?
The 2021 market was notably different. The current assessment and any new listing price should be evaluated against recent comparable sales, as the older sale price may not reflect today's market conditions.