Property Overview
This 1976 one-storey home in Elmhurst presents a compelling opportunity for a specific type of buyer. Its key appeal lies in its generous, mature 8,289 sqft lot—a significant and increasingly rare find in the city, placing it in the top 10% of Winnipeg for lot size. The home itself offers 1,401 sqft of living space with a finished basement, providing practical room to grow. While the house is of average size for the area, the property's standout feature is its established setting and the private potential of its expansive grounds.
The property suits buyers who prioritize land and location over a turnkey modern home. It’s ideal for someone with a vision for gardening, outdoor living, or future expansion, and who appreciates the quiet, established character of the Elmhurst neighbourhood. A thoughtful perspective is that this home offers a balance: it’s not a project house requiring immediate major work, but its 50-year age and average community ranking for condition suggest it’s ready for personal updates. It represents a solid foundation in a desirable area where the true value is in the land you own, not just the house on it.
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 10%" for lot size city-wide confirms the lot is exceptionally large. The varied rankings for age, size, and value help pinpoint where the property's strengths and average aspects lie relative to the market.
2. Is the finished basement included in the 1,401 sqft living area?
Typically, the main living area (1,401 sqft) and the finished basement are listed separately. The 1,401 sqft refers to the above-grade living space of the one-storey home. The finished basement provides additional, separate living space.
3. What are the implications of the home being built in 1976?
A home of this age will likely have systems (like roof, windows, furnace) that are at or beyond their typical lifespan. This isn't inherently negative, but it underscores the importance of a thorough inspection and budgeting for potential updates, which can be an opportunity to customize.
4. The lot is large, but how is it shaped and positioned?
The listing notes a split (or "分体") garage, which often indicates a rear-facing or lane-access garage. This suggests the large lot may have a deep backyard, offering excellent privacy and space for decks, gardens, or play areas, separate from the street frontage.
5. Why is the assessed value a useful metric here?
With an assessed value of $440,000, which ranks higher than its size or age, the assessment reflects the significant contribution of the valuable lot to the overall property worth. It provides a grounded, non-market-driven baseline for understanding the property's tax valuation and inherent value.