Property Overview
This 1976-built, one-storey home in Elmhurst sits on a large, 7,367 sqft lot, offering a classic and practical layout with a finished basement and a detached garage. Its appeal lies in its established, quiet neighbourhood setting combined with strong city-wide rankings for lot size and assessed value, suggesting a solid and competitive property for its category. It’s a home that prioritizes space and land over modern finishes.
The property would best suit practical buyers looking for a move-in-ready, single-level living space with room to grow outdoors. It’s ideal for first-time homeowners, small families, or downsizers who value a large yard and a stable, well-ranked investment in the Winnipeg market over a newly constructed home. The strong percentile rankings in value and lot size indicate a property that holds its own, appealing to those with an eye for long-term equity.
Key Questions for Prospective Buyers
1. What does the "finished basement" include?
It's important to clarify the extent and quality of the finish. Is it a fully developed living space with proper ceilings, flooring, and egress, or a more basic recreational room? This affects both livable square footage and value.
2. How does the 50-year age of the home factor in?
While the home ranks well for its age on its street, major systems like the roof, plumbing, electrical, and HVAC are likely at or beyond their typical lifespans. A thorough inspection is crucial to understand upcoming maintenance or replacement costs.
3. The lot is large, but how is it oriented and shaped?
A south-facing backyard is often prized for sunlight. The lot's dimensions and layout will determine its usability for gardening, play, or future additions like a shed or deck.
4. What is the neighbourhood's character and convenience?
Elmhurst is established, but it's wise to explore local amenities, traffic patterns, and school catchments firsthand to see if they match your lifestyle needs.
5. The assessed value is strong, but what does recent market activity indicate?
The assessment is for taxation. Research recent sale prices of similar homes in Elmhurst to understand the current market value, which may differ from the city's assessment.