Property Summary: 47 Oswald Bay, Winnipeg
Key Characteristics & Appeal
This is a well-established, single-storey home in Elmhurst, sitting on a generous, near 9,000 sqft lot—a significant asset that places it in the top tier of properties locally. Built in 1978, it offers 1,403 sqft of living space with a finished basement and an attached garage. The home’s standout appeal lies in its land size and established neighbourhood setting, offering space and privacy that are increasingly rare. Its overall municipal assessment ranks highly across Winnipeg, suggesting solid long-term value.
The property would particularly suit buyers looking for a grounded, no-fuss family home with room to grow outdoors, or those seeking a manageable single-level layout. It’s a practical choice for someone who values a large yard over a brand-new build, and who appreciates the character and mature landscaping of an established community. A thoughtful perspective is that this home represents a balance: it offers more land than most, providing future potential, while the mature age of the property means a savvy buyer will be attentive to the condition of major systems and the opportunity to customize updates to their own taste over time.
Frequently Asked Questions
1. What does the high ranking for land size actually mean?
It means this property’s lot is larger than 92% of all residential lots in Winnipeg, offering exceptional outdoor space compared to typical newer subdivisions.
2. Is the finished basement included in the 1,403 sqft living area?
No, the 1,403 sqft refers to the above-grade living space. The finished basement provides additional usable square footage.
3. The home was built in 1978. What should I be mindful of?
While offering solid construction, a home of this age may have original components like windows, roofing, or major systems (HVAC, plumbing) nearing or past their typical lifespan. A thorough inspection is advised to plan for future maintenance or updates.
4. How does the assessed value relate to the likely selling price?
The municipal assessment of $479,000 is for tax purposes and is not a market appraisal. It can be a useful benchmark, but the selling price will be determined by current market conditions, the home’s specific condition, and buyer demand.
5. What are the advantages of a one-storey layout?
It offers main-floor living convenience, which is ideal for aging in place, families with young children, or anyone seeking to avoid stairs. It often allows for a more open floor plan and can be more efficient to heat and cool.