Property Overview & Key Characteristics
This 1974 two-storey home in Elmhurst sits on a large, approximately 10,500 sqft lot, offering a rare combination of space and established character. Its primary appeal lies in its generous proportions, both in land size and nearly 2,000 sqft of living area, which ranks it within the top tiers for space in its neighborhood and across Winnipeg. The home features a finished basement and an attached garage. Beyond the obvious space, its thoughtful appeal includes a high degree of privacy potential on its sizable lot and the stability of a well-established, mature community. The property's strong rankings for lot and living area suggest it offers a "more house and land for the money" proposition compared to many local listings.
This home would best suit buyers looking for a long-term family home with room to grow, garden, or entertain outdoors. It’s ideal for those who value established neighborhoods with larger lot sizes over brand-new construction, and for practical buyers who see the inherent value in a property with above-average square footage relative to its assessed value.
Frequently Asked Questions
1. What does the ranking data actually tell me?
The rankings show this property excels in physical space. It's in the top 10% locally for living area and top 5% for lot size, meaning it offers more room than most comparable homes. Its age and assessed value rankings are more moderate, indicating it is a classic, well-sized home rather than a new or luxury-priced property.
2. Is the 1974 build year a concern?
While not a new build, a 52-year-old home in this price and size bracket typically means core systems (roof, windows, furnace) may have been updated over time. A key part of your due diligence will be to verify the age and condition of these major components, as this can influence immediate value and future upkeep planning.
3. What are the advantages of such a large lot?
Beyond simple outdoor space, a lot of this size (over 1/4 acre) provides significant flexibility. It allows for expansions like a deck or workshop, gardening potential, ample play space, and a greater sense of privacy from neighbors—a feature increasingly hard to find in newer subdivisions.
4. Who is the typical buyer in this area?
Elmhurst attracts buyers seeking established, stable communities with mature tree canopies and larger lot footprints. The neighborhood demographic often includes growing families, empty-nesters downsizing from larger estates but wanting to stay in the area, and value-conscious buyers prioritizing indoor and outdoor space.
5. How should I interpret the assessment value versus the asking price?
The municipal assessment ($469,000) is for tax purposes and reflects a mass-appraisal model from a prior date. It's a useful benchmark showing the home is valued above average for the city. The listing price is set by the seller based on current market conditions, recent comparable sales, and the home's unique offerings like its top-tier lot size. The assessment confirms a solid value base, but the market will determine the final price.