Property Overview
This 1984 two-storey home in Elmhurst presents a practical and well-established family offering. Its key appeal lies in a combination of generous space and a solid, move-in-ready foundation. The 1,627 sqft of living area is above average for Winnipeg, complemented by a fully finished basement and a larger-than-standard 6,100 sqft lot, providing room for both living and recreation. The home ranks consistently above the majority of comparable properties in the city for both size and assessed value, indicating a competitive position in its market segment.
Its characteristics suit buyers looking for a turnkey property without the premium of a new build. It’s ideal for a growing family seeking established neighborhoods with mature landscaping, or for value-conscious purchasers who prioritize more interior and yard space over a recently constructed home. A less obvious perspective is that a home from this era often features simpler, more robust construction and room layouts that are easier to personalize over time compared to some newer, more compartmentalized designs.
Frequently Asked Questions
1. What does the ranking data actually mean?
The rankings show how this property compares to others in its immediate street, broader community, and all of Winnipeg. For example, being in the "top 29%" for size in Winnipeg means it is larger than 78% of homes in the city, which is a significant advantage.
2. Is a 42-year-old home a concern?
While not new, the home has surpassed the period where major initial settling or material defects typically appear. A thorough inspection is always advised, but its age suggests well-resolved foundations and established infrastructure, with updates likely having been made over the decades.
3. What are the pros and cons of a fully finished basement?
The clear pro is immediate additional living space without renovation work or cost. A consideration is that the layout and finish quality are fixed; if the configuration doesn't suit your needs, undoing a finished basement can be more costly than finishing an unfinished one.
4. How should I interpret the assessed value?
The municipal assessment of $472,000 is for tax purposes and is a lagging indicator based on historical market data. It confirms the home is in a higher-value tier for the area, but the final market price will be determined by current buyer competition, condition, and recent comparable sales.
5. What is the neighborhood (Elmhurst) like?
Elmhurst is a mature, established neighborhood in Winnipeg. Properties typically feature larger lots and a mix of classic architectural styles. It appeals to those seeking a settled community feel with good access to city amenities, rather than a newly developed suburb.