Property Overview: 51 Oswald Bay, Elmhurst, Winnipeg
Key Characteristics & Buyer Appeal
This 1978-built, single-storey home sits on a large, 8,271 sqft lot in Winnipeg's Elmhurst neighborhood. Its key features include a fully finished basement, an attached garage, and 1,626 sqft of living space. The appeal here is grounded in space and established value. The property ranks in the top 10% of Winnipeg for lot size, offering significant outdoor room in a mature community. While the house itself is middle-of-the-road for its immediate street in terms of size and age, its assessed value ranks highly within the broader city, suggesting a solid, established investment in a desirable location.
It would suit practical buyers looking for a spacious yard in a settled area, potentially families or those who value room to garden or expand. It’s also a fit for buyers who prioritize a main-floor living layout and the potential of a finished basement for extra living space, without the premium of a brand-new home. A less obvious perspective is that a home of this vintage on such a large lot may present opportunities for updates or additions that could capitalize on the generous land footprint, appealing to a buyer with a vision for customization.
Frequently Asked Questions
1. What does the ranking data actually mean?
The rankings compare this property against others on its street, in Elmhurst, and across all of Winnipeg. For example, ranking in the top 10% city-wide for lot size means 90% of Winnipeg properties have a smaller lot, highlighting this as a key asset.
2. Is the house outdated?
Built in 1978, the home is nearly 50 years old. While it offers established character and a large lot, buyers should be prepared for potential updates to mechanical systems, windows, or interior finishes that are typical for the age.
3. Who would this property not suit?
It may not suit those seeking a modern, low-maintenance home or a brand-new build. Buyers wanting a very large interior or a home that ranks highly for both size and newness on its own street might find more suitable options elsewhere.
4. How significant is the lot size?
At over 8,200 sqft, the lot is a major feature. This provides ample private outdoor space, which is increasingly rare, and could allow for additions like a shed, deck, or garden that wouldn't be feasible on a standard lot.
5. What is the neighborhood like?
Elmhurst is a mature, established Winnipeg community. The rankings show this home outperforms 78% of neighborhood homes in lot size, suggesting it's among the more spacious properties in an already desirable area, likely with older trees and settled surroundings.