Property Overview
This 1969-built, one-storey home on a large 9,144 sqft lot in Elmhurst presents a classic and spacious footprint. Its key appeal lies in the combination of a generous, private yard and a practical, single-level layout. With over 1,200 sqft of living space, a finished basement, and a detached garage, it offers functional space for daily life. The property’s standout characteristic is its land size, which ranks in the top 5% on its street and top 15% in the wider community, providing significant outdoor potential.
The home suits practical buyers looking for a solid foundation in a mature neighbourhood. It’s ideal for those who value a large yard for gardening, recreation, or future expansion over having a brand-new build. The recent 2023 sale suggests it may appeal to renovators or investors seeking a property with established fundamentals and the opportunity to add value through updates. Its above-average city-wide rankings for lot size and assessed value indicate a property with strong underlying asset value, even if the interior may require modernization.
Frequently Asked Questions
1. What does the "finished basement" include?
The listing notes a finished basement but does not specify the finish quality or rooms. Buyers should verify the condition, ceiling height, and whether it includes legal bedrooms or simply recreational space.
2. How does the 2023 sale price relate to the current assessment?
The home sold for $340,000 in March 2023 and now has a municipal assessment of $404,000. This difference is common after a recent sale, as assessments often adjust toward market value. It does not dictate the current listing or sale price.
3. Is the large lot a benefit for future expansion?
The 9,144 sqft lot is significantly larger than average and is a major asset. It offers excellent potential for gardening, adding a deck or patio, or even a future addition, subject to local zoning and permit approvals.
4. The home ranks low for "newness." Should I be concerned?
Built in 1969, the home is older than most in the immediate area. This ranking highlights the importance of a thorough inspection for aging components like the roof, windows, plumbing, and electrical systems, which may need attention or updating.
5. What is the neighbourhood like?
Elmhurst is a mature, established neighbourhood in Winnipeg. The high rankings for lot size and value within the community suggest it's an area of desirable, spacious properties. Prospective buyers should visit at different times to gauge traffic, noise, and overall community feel.