Property Overview: 54 Epsom Crescent, Winnipeg
Key Characteristics & Appeal
This is a well-established, single-story home in Elmhurst, built in 1970. Its primary appeal lies in its generous, mature lot of nearly 8,000 sqft, which places it in the top tier of property sizes for its street and the wider city. The home itself offers 1,424 sqft of living space, including a finished basement, providing practical single-level living with extra room for family, hobbies, or storage.
The property’s strength is its grounded, long-term stability rather than flashy newness. While the house itself is of average size for the area, the lot size is a standout feature that offers significant future potential—whether for gardening, expansion, or simply enjoying ample private outdoor space. It suits buyers looking for a solid, no-frills family home in a quiet crescent, particularly those who value a large yard over a modern build or garage. It’s also a sensible option for downsizers or those seeking single-level living who don’t want to compromise on outdoor space. The rankings suggest it’s a competitively sized property in a stable neighborhood, likely appealing to a practical buyer focused on space and land value.
Frequently Asked Questions
1. What is the significance of the property rankings provided?
The rankings compare this home against others on its street, in Elmhurst, and across all of Winnipeg for metrics like lot size and living area. For example, its lot size ranks in the top 12% city-wide, indicating a larger-than-average yard is a key feature.
2. Is the finished basement a legal suite?
The listing states the basement is finished but does not specify it as a legal secondary suite. A buyer should verify its configuration and compliance with local regulations if considering rental income.
3. The home was built in 1970. What should I be aware of?
As a home from this era, systems like roofing, plumbing, electrical, and windows may be at or beyond their typical lifespan. A thorough inspection is recommended to understand the condition and any upcoming maintenance.
4. There’s no garage. Is there other parking or potential to build one?
The listing notes no garage. The large lot may offer space to add a garage or carport, subject to local zoning bylaws and setback requirements. On-street parking is likely available, but this should be confirmed.
5. The 2019 sale price was close to the current assessed value. What does this indicate?
It suggests the market value has remained relatively stable in recent years, which can be typical for well-maintained, established homes in mature neighborhoods. It provides a recent benchmark for price comparison.