Property Overview
This 1969 one-storey home on a large, 7,798 sqft lot in Elmhurst offers a practical and spacious foundation. Its key appeal lies in its generous, private yard—a rarity that provides ample room for gardening, play, or expansion—coupled with a finished basement that adds valuable living space. The home suits first-time buyers or downsizers looking for a manageable single-level layout with outdoor potential, as well as value-conscious investors or renovators who see the underlying value in the lot size and the opportunity to update the property over time. A less obvious strength is its relative ranking; while the house itself is of average size and age for Winnipeg, it sits on a lot that places it in the top 12% city-wide for land area, suggesting a long-term asset in a land-scarce market.
Frequently Asked Questions
1. What is the true value of the lot size?
At nearly 7,800 sqft, the lot is significantly larger than average. This not only provides immediate privacy and outdoor space but also represents future potential, whether for a major addition, a secondary suite (subject to zoning), or simply as a appreciating land asset in a mature neighbourhood.
2. How does the home's age impact a buyer?
Built in 1969, the home is in its core maintenance and update phase. Buyers should budget for modernizing key systems (like plumbing or electrical) and expect a mix of original and updated finishes. Its age is typical for the area, but a thorough inspection is advised.
3. Who might the "finished basement" suit best?
The finished basement effectively adds flexible space, ideal for a growing family needing a rec room, a home-based professional seeking an office, or a household wanting separate living areas for multi-generational living or guests.
4. How should I interpret the provided rankings?
The rankings compare this property to others on its street, in Elmhurst, and across all of Winnipeg. They show its land size is a standout feature (top 12% in the city), while the structure itself is more average in size, age, and assessed value for its immediate community.
5. What is the significance of a "split" garage?
A split garage, typically a two-car garage divided into two single bays, offers more flexibility than a single large door. It can allow for a dedicated workshop space, easier organization, or separate access, which can be a practical advantage for certain lifestyles.