Property Overview & Key Characteristics
This 1987-built bungalow in Elmhurst offers a practical, low-maintenance layout on a generous 6,305 sqft lot. Its key appeal lies in a combination of space, condition, and location value. The home features 1,213 sqft of living space, a fully finished basement, and an attached garage. The numbers tell a compelling story: it ranks in the top quarter of Winnipeg for both lot size and assessed value, indicating a property that is above average in its market fundamentals. Notably, it ranks in the top 5% of its street for being a newer build, suggesting it's a relatively modern home in its immediate area.
Its primary appeal is to value-conscious buyers seeking a move-in ready, single-story home with a large yard, without the premium price of a brand-new build. It would suit first-time buyers looking for a solid starter home with room to grow, or downsizers who want main-floor living but still desire ample outdoor space and a finished basement for family visits or hobbies. A less obvious perspective is its potential for a buyer who values statistical outperformance—its strong rankings for lot size and assessment value in a mature neighbourhood like Elmhurst point to a property that holds inherent, lasting equity.
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 newer than 95% of homes on its street means it's one of the most recently built houses in that specific area, which can be an advantage for systems and upkeep.
2. Is the finished basement included in the 1,213 sqft living area?
No, typically the listed living area (1,213 sqft) refers to above-grade, heated space. The finished basement is an additional area, adding significant functional space to the home's total usable footprint.
3. What is the neighbourhood of Elmhurst like?
Elmhurst is a well-established, mature neighbourhood in Winnipeg. It typically offers a mix of residential streets, local schools, and parks, appealing to those looking for a settled community feel with convenient access to city amenities.
4. How should I interpret the assessed value?
The assessed value of $458,000 is the city's valuation for property tax purposes. It is a useful benchmark that indicates the home is valued above most in the city (top 24%), but the final sale price will be determined by the current market.
5. What are the advantages of a one-storey (bungalow) design?
The main advantages are accessibility and layout efficiency. All primary living spaces are on one level, which is ideal for aging in place or for anyone who prefers to avoid stairs. The design often allows for a more open floor plan and typically places bedrooms farther from living areas for privacy.