Property Overview
42 Avril Lane is a classic two-storey home in Elmhurst, built in 1983. Its primary appeal lies in offering above-average space on a large lot within a mature, established neighbourhood. With over 2,000 square feet of living space and a 5,197 sqft lot, it ranks in the top third of homes in Winnipeg for size. The property includes a basement (unfinished, offering storage or future expansion potential) and an attached garage.
This home suits practical buyers looking for room to grow without the premium of a brand-new build. It’s ideal for a family that values interior space and a sizable yard over a recently renovated turn-key property. The rankings suggest it’s a larger-than-average home in a neighbourhood with a mix of older and newer properties, offering a balance of space and relative affordability for its square footage. A thoughtful perspective is that the unfinished basement and 1983 vintage present a clear opportunity for a buyer to customize and add value according to their own tastes and timeline, rather than paying for someone else’s renovations.
Frequently Asked Questions
1. What does the "ranking" data mean?
The rankings compare this property against others on its street, in Elmhurst, and across all of Winnipeg for specific metrics like lot size, age, and living area. For example, being in the top 9% for living area in Winnipeg means it is significantly more spacious than most homes in the city.
2. Is the basement included in the 2,034 sqft living area?
No, the listed living area typically refers to finished, above-grade space. The basement is separate, is currently unfinished, and adds additional potential square footage for future development.
3. The home is 43 years old. What should I budget for?
While systems and structure can vary, a home of this age may require attention to original components like the roof, windows, furnace, or plumbing. A thorough inspection is essential to prioritize any updates or repairs.
4. How does the assessment value relate to the asking price?
The assessment value ($474,000) is for municipal tax purposes and is not a direct indicator of market value. The sale price is determined by current market conditions, the home’s specific state, and buyer demand.
5. The lot is large, but the home ranks lower for value on its street. Why might that be?
This suggests that while the lot and living space are competitive, the assessed value per square foot may be lower than some neighbours. This could be due to the home’s age, its unfinished state, or more modest finishes compared to updated homes on the street, which is reflected in its tax assessment.