Property Overview: 42 Apex Street, Elmhurst
This 1981 two-storey home in Elmhurst offers a blend of established neighbourhood charm and above-average amenities. Its key appeal lies in its generous 6,471 sqft lot and the rare combination of a finished basement and an in-ground swimming pool, features not commonly found together. With 1,721 sqft of living space, it ranks within the top 18% of Winnipeg homes for size, providing ample room for a family. The property suits buyers looking for a turn-key home with recreational space and room to grow, without venturing into brand-new subdivisions. It’s particularly well-matched for those who value a large, private yard for summer activities and who appreciate a home that stands out in its immediate area for both lot size and assessed value.
A less obvious perspective is its positioning within the neighbourhood. While it ranks in the top half for most metrics in Elmhurst, it excels at the city-wide level, suggesting you get more house and land for your money here compared to many other Winnipeg areas. The home’s age means it’s settled into a mature streetscape, but prospective buyers should be mindful of upcoming maintenance typical for a 45-year-old property.
Frequently Asked Questions
1. How does the property’s value compare to its neighbours?
The home’s assessed value of $522,000 ranks in the top 21% within the Elmhurst community and the top 15% city-wide, indicating it is considered a higher-value property for the area.
2. Is the pool a major factor in the assessment and upkeep?
While the pool adds to the property’s appeal and likely contributes to its value, it also requires seasonal maintenance, winterization, and considerations for safety and insurance costs.
3. What does the "finished basement" entail?
The listing confirms the basement is finished, adding usable living space. It’s advisable to clarify the finish quality, ceiling height, and whether it includes a separate entrance or bathroom.
4. How does the lot size benefit the property?
At 6,471 sqft, the lot is significantly larger than many in Winnipeg (ranking in the top 23%), offering ample outdoor space for the pool, gardening, and play, while also providing a greater sense of privacy.
5. Given its 1981 build date, what should be prioritized in an inspection?
Key systems like the roof, windows, plumbing, and electrical are at an age where updates or major repairs may be needed. An inspection should also check for proper drainage around the pool and foundation.