Property Overview & Key Characteristics
This two-storey home in Elmhurst offers a classic and spacious family layout on a generous 7,257 sqft lot. Built in 1979, its primary appeal lies in its above-average living space of over 2,000 sqft, which ranks it in the top 15% of homes in Winnipeg for size. The property includes an attached garage and a full, unfinished basement, presenting a clear opportunity for future customization or storage. Its assessed value ranks solidly above average city-wide.
The home is particularly well-suited for buyers who prioritize interior space and a sizable yard over a newer build. It's an ideal canvas for those comfortable with gradual updates or who see value in personalizing an unfinished basement to their exact needs. While the structure itself is nearly 50 years old, its competitive rankings for lot size, living area, and overall value in the broader Winnipeg market suggest a property with strong foundational appeal for a growing family or a long-term investor.
Frequently Asked Questions
1. What does the "unfinished basement" mean for me?
It means the basement is a blank slate with rough-in plumbing and electrical likely in place. This is a significant opportunity to add value and create customized living space, but it requires planning and investment for development.
2. The house was built in 1979. Should I be concerned about major systems?
While the core structure is sound, a pre-purchase inspection is highly recommended to assess the condition of major aging components like the roof, windows, furnace, and electrical panel, which may be nearing or past their typical lifespan.
3. How significant is the lot size?
At over 7,250 sqft, the lot is larger than approximately 85% of properties in Winnipeg. This provides excellent outdoor space for gardening, recreation, and potential future additions like a deck or shed, which is a growing priority for many buyers.
4. The home ranks highly for size but lower for age on its street. What does this indicate?
This suggests the home is one of the larger models on a street that may have a mix of older and newer homes. It positions the property as a spacious option in the neighborhood, though some immediate neighbors' homes might be more recently updated.
5. Are the provided rankings a reliable indicator of value?
They are useful comparative tools, showing the home's standing relative to nearby and city-wide benchmarks for metrics like size and assessed value. However, they are a starting point; the home's specific condition, updates, layout, and market timing will ultimately determine its market price.