Property Overview & Key Characteristics
This 1976 one-storey home in Elmhurst offers a practical, grounded living opportunity. Its primary appeal lies in its generous 7,245 sqft lot—a significant size that ranks within the top 15% of all properties in Winnipeg for land area. This provides substantial outdoor space for gardening, recreation, or future expansion. The home itself is modest in size at 1,216 sqft but includes a finished basement, adding functional living space. While it lacks a garage and shows its age (ranking newer than only 26% of homes in its community), its overall assessed value is competitive, positioned in the top 39% city-wide.
The property suits buyers prioritizing land over a large or modern house. It’s ideal for a first-time buyer seeking an entry point into a stable neighbourhood with room to grow, a downsizer looking for a manageable single-level layout with a low-maintenance exterior, or a value-oriented investor attracted by the lot’s inherent potential. Its strong city-wide rankings for lot size and value suggest it’s a solid, long-term asset in a mature area, rather than a turn-key luxury offering.
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 land area in Winnipeg means 85% of city properties have smaller lots. It’s a quick way to see where this home excels or is more average compared to the market.
2. Is the age of the home (50 years) a concern?
A home from 1976 will likely require updates to mechanical systems, windows, or insulation. The rankings show it’s older than most in Elmhurst, so a thorough inspection is essential. However, this era of home often features solid construction and simple, functional layouts that are easy to renovate over time.
3. What are the pros and cons of having no garage?
The clear con is the lack of protected parking and storage. However, the very large lot presents an opportunity: there is ample space to add a garage or a substantial shed/workshop, subject to local bylaws. For some buyers, this is a customizable blank slate.
4. How does the finished basement affect living space?
It adds valuable, flexible square footage beyond the main floor's 1,216 sqft. This space could function as a family room, home office, or additional bedrooms. It’s important to confirm the quality of the finish, ceiling height, and moisture control.
5. Who might find this property particularly appealing?
Beyond typical buyers, this property could attract someone interested in urban gardening or sustainability, given the large lot. The combination of a single-storey layout and a finished basement also offers flexibility for multi-generational living or creating a separate suite for rental income (with necessary approvals).