This 1970-built, one-storey home in Elmhurst offers a practical and spacious family living environment. Its key appeal lies in its generous 8,241 sqft lot, which places it in the top 10% of all properties in Winnipeg for land size, providing exceptional outdoor space and potential. The home features a finished basement and a split garage. While the 1,040 sqft living area is modest, the property's overall value is anchored by its large, private yard—a rarity in the city. It ranks highly within its community for lot size (top 23%) and overall city-wide value (top 43% by assessment).
This property would suit buyers prioritizing land over square footage, such as families seeking room for children to play, gardening enthusiasts, or those looking for a long-term property with redevelopment potential. It’s a grounded choice for someone who values a stable, established neighborhood and is willing to update the interior of a solidly built home over time.
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What is the true value of such a large lot? Beyond simple recreation, a lot of this size offers future flexibility. It could accommodate a significant addition, a separate workshop or studio, or simply provide a level of privacy and greenery that is becoming increasingly scarce in urban settings.
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How does the "finished basement" affect living space and value? A finished basement effectively doubles the usable area for a family, providing crucial space for recreation, guests, or a home office. It's important to clarify the finish quality, ceiling height, and whether it includes a proper bathroom or separate entrance.
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The home ranks lower for "newness" and living area size. Is this a concern? These rankings confirm this is not a modern, move-in-ready showhome. It appeals to buyers who see the underlying asset—the land—and are comfortable with a home that may require updates to kitchens, bathrooms, or systems, reflecting a trade-off between lot size and modern interior finishes.
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Who is the typical buyer in this area? Elmhurst is an established neighborhood. The property's profile suggests it attracts long-term residents, often families or downsizers staying in the community, who value the mature trees, larger lots, and the stability of the area over trendier, denser locales.
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What are the immediate and long-term costs? Given the age of the home, a thorough inspection is essential to understand the condition of major components like the roof, windows, furnace, and foundation. The large lot also implies higher maintenance (lawn care, snow clearing) and potentially higher property taxes based on the land value.