Property Overview & Key Characteristics
This 1970-built, one-storey home in Elmhurst offers a classic bungalow layout with 1,060 sqft of living space. Its primary appeal lies in its exceptionally large, nearly 9,000 sqft lot, which places it in the top tier of properties locally for land size. The home features a finished basement and a detached garage. While the house itself is of average size and age for the area, the property's standout value is its expansive outdoor space, which provides significant potential for gardening, recreation, or future expansion. It would particularly suit buyers prioritizing land over a large or modernized house—such as those looking for a manageable single-level home with room to grow, families desiring a substantial backyard, or long-term investors who see value in the underlying land asset within a well-established neighborhood.
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, being in the "top 8%" for lot size in Winnipeg highlights just how rare and competitive a parcel of this scale is, while the rankings for age and living area confirm it's a standard-sized bungalow on a far-from-standard lot.
2. Is the finished basement included in the 1,060 sqft living area?
Typically, the listed "居住面积" (Living Area) refers to above-ground, finished space. The finished basement is an additional area, adding functional square footage to the home's total usable space.
3. How might the lot size impact future property value?
A lot of this size in an established neighborhood is a finite resource. It not only offers immediate lifestyle benefits but also represents a long-term value proposition, as it could accommodate additions like a large workshop, garage, or even a future subdivision, subject to municipal zoning approvals.
4. What are the considerations with a home built in 1970?
While the core structure is mature, key systems like roofing, plumbing, electrical, and windows may be at or beyond their typical lifespan. A thorough inspection is advised to budget for any necessary updates or maintenance, which is a common consideration for homes of this era.
5. The assessment value is $383,000; how should a buyer interpret this?
The municipal assessment is for tax purposes and reflects a mass-appraisal model. It is a useful data point but not a direct indicator of market value. The final sale price will be determined by current market conditions, the property's unique appeal (especially the lot), and the outcome of negotiations.