Property Overview & Appeal
This well-established 1971 bungalow in Elmhurst offers a rare combination of generous land and practical living space. Its key characteristic is an expansive, nearly 8,800 sqft lot, placing it in the top 12% of properties on its street for size—a significant asset in a mature neighbourhood. The home itself features 1,155 sqft of living space with a finished basement and an attached garage, presenting a classic and functional layout. Its appeal lies in its established setting, offering room to breathe and garden, coupled with the move-in readiness of a maintained, single-level home. The property’s assessed value ranks notably higher than its age and size metrics, suggesting the lot premium is a key driver of its worth.
This home would suit a buyer looking for a solid foundation in a quiet neighbourhood, prioritizing outdoor space over a modern or recently built house. It’s ideal for downsizers seeking single-level living without compromising on yard size, or for families or investors who see long-term value in the land itself and are comfortable with a home that has character and potential for gradual updates.
Frequently Asked Questions
1. How does the lot size compare to newer subdivisions?
At 8,835 sqft, this lot is substantially larger than typical modern suburban lots, offering exceptional privacy and space for gardens, play, or expansion.
2. What does the "finished basement" entail?
The listing confirms a finished basement but does not specify the extent or layout. This is a key point to clarify during a viewing to understand the full usable living area.
3. The house was built in 1971. What should I be mindful of?
While well-maintained, a home of this age may have original components like windows, roofing, or major systems (plumbing, electrical) that are functional but nearing a natural point of inspection or future update.
4. The assessed value seems high relative to the home's age and size. Why?
The assessment likely reflects the significant premium for the large lot in an established area. Value here is driven more by the land and location than by the structure itself.
5. Who handles the rankings, and what do they mean?
The rankings are generated by the listing platform (SaveOnHouse) based on municipal data. They are a quick visual tool to show how this property compares to others on its street, in Elmhurst, and across Winnipeg for metrics like lot size, age, and assessed value.