Property Overview
This 1982-built, one-storey home in Elmhurst offers a practical and spacious family layout on a large, 6,474 sqft lot. Its key appeal lies in its balance of established neighbourhood character, above-average lot size, and a finished basement that adds valuable living space. The home’s overall municipal assessment ranks within the top quarter of Winnipeg, suggesting solid underlying value for the area.
It would suit buyers looking for a move-in-ready, single-level living option with room to grow outdoors, ideal for young families or downsizers who appreciate space without the maintenance of a two-storey. The property’s strongest metrics are its lot size and total assessed value, which outperform a significant majority of homes across the city, indicating a premium position for its type and location.
Frequently Asked Questions
1. How does the finished basement affect the living space?
The finished basement adds functional square footage beyond the 1,392 sqft main floor, providing flexible space for recreation, guests, or storage, though it is not included in the official listed living area.
2. The home is 44 years old. What should I consider?
While the systems and roof are likely not original, a pre-purchase inspection is wise to assess the condition of major components like the furnace, wiring, and foundation, common for homes of this era.
3. The living area ranks lower than the lot and value. What does this mean?
This indicates the house itself is more modest in size compared to others on the street, but the property’s value is driven by its large lot and the desirable, finished living space it offers overall.
4. Is the ranking data a good measure of value?
The rankings are useful for comparing the home’s specific features (like lot size, age, value) against immediate neighbours and the wider city. They show this property excels in land size and assessed value more than in its floor plan size.
5. What is the significance of the high city-wide assessment ranking?
Ranking in the top 21% by assessed value city-wide suggests that, for its type and neighbourhood, the property is considered by the assessor to be in a higher value tier, which can be a positive indicator for long-term equity.