Property Overview
This two-storey home on a quiet street in Elmhurst offers a practical and established living environment. Its key appeal lies in its balance of space and manageability. With 1,590 sqft of living space and a fully finished basement, it provides ample room for a family without being overly large to maintain. The property sits on a generous 5,147 sqft lot, typical of the neighbourhood, offering good outdoor space. Built in 1984, the home is newer than most on its street, suggesting potentially fewer major age-related concerns compared to older stock. The attached garage adds everyday convenience.
The home would suit first-time buyers or growing families looking for a solid, no-frills property in a mature community. It’s also a sensible option for value-focused buyers who appreciate a home that is largely "turn-key" with a finished basement, allowing them to avoid immediate renovation projects. The rankings indicate it is a competitively sized and priced option within the broader Winnipeg market, though it sits in the middle of the pack within its immediate community, positioning it as a straightforward, average offering for the area.
Frequently Asked Questions
1. What do the ranking percentages actually mean for a buyer?
They show how this property compares to others in specific areas. For example, being newer than 98% of houses on its street is a notable advantage, while its size and assessment value are fairly typical for the wider Elmhurst community. This helps set realistic expectations for value and competition.
2. Is the 1984 build year a concern?
While not a new build, a 1984 home is past the initial settling period. Major systems like roofing, windows, or the furnace may be entering or are in their typical replacement window, so a thorough inspection is advised. However, its age is a relative strength on its own street.
3. What are the pros and cons of the finished basement?
The pro is immediate extra living space without needing to invest in renovations. The con is that the finish quality and layout are fixed; if it doesn’t suit your needs, undoing finished work can be more costly than finishing an unfinished space.
4. How might the lot size impact me?
At just over 5,000 sqft, the lot provides good backyard space for play or gardening. It also implies a manageable amount of yard work compared to much larger properties, which can be a benefit for busy households.
5. Why is the assessed value important to note?
The assessed value of $437,000 is a key data point for municipal taxes and can be a benchmark in price negotiations. It’s useful to compare this figure to the list price to understand the seller’s pricing strategy relative to the city’s valuation.