Property Overview
This 1970-built, three-level split home in Elmhurst offers a practical layout with a finished basement on a generous 7,266 sqft lot. Its key appeal lies in its established neighborhood setting and the significant amount of private outdoor space, which is larger than most properties in Winnipeg. The home’s living area is modest at 1,157 sqft, presenting it as a manageable project for updates. Its strongest competitive point is its lot size, ranking within the top 15% city-wide, while the structure itself is typical for its age in the area.
This property would suit a buyer looking for a long-term home with room to grow, garden, or play, who is comfortable with the maintenance and potential updating of a mature home. It’s a practical choice for those prioritizing land over a modern, turn-key interior. A thoughtful perspective is that while the home’s assessed value ranks solidly in the top 40% for Winnipeg, its interior space and age rank around the city average, highlighting that a major part of the value proposition here is the land itself.
Frequently Asked Questions
1. What does the ranking data actually mean?
The rankings compare this property to others on its street, in Elmhurst, and across all of Winnipeg. For example, being in the "top 15%" for lot size in Winnipeg means 85% of city properties have a smaller lot, which is a significant advantage.
2. Is the finished basement included in the 1,157 sqft living area?
Typically, the listed living area (sqft) refers to above-grade, heated space. The finished basement is an additional area, adding functional room but not usually counted in the official square footage.
3. What are the considerations with a home built in 1970?
While offering solid construction, buyers should budget for potential updates to major systems like roofing, windows, or plumbing, and consider the style and efficiency of original fixtures. A thorough inspection is advised.
4. There’s no garage. How feasible is adding one?
The large lot size certainly provides the space for a future garage or workshop. Any addition would require checking local zoning bylaws, setback rules, and obtaining the proper permits.
5. How does the assessment value relate to the likely selling price?
The assessed value ($379,000) is for municipal tax purposes. The market price is determined by current buyer demand, the home's condition, and recent sales of comparable properties, and can be higher or lower.