Property Overview
This 1970-built, one-storey home on a large 7,198 sqft lot in Elmhurst presents a classic Winnipeg offering. Its key appeal lies in its generous, private yard—a significant outdoor space that is increasingly rare—paired with a practical, fully finished basement. With 1,331 sqft of living space, it ranks above average for size within its immediate area. The home suits first-time buyers or downsizers looking for a manageable single-level layout without sacrificing outdoor room, or an investor seeking a property with solid land value and renovation potential. Its strong city-wide ranking for lot size indicates a fundamentally valuable asset, though its older build date suggests functional updates may be a consideration.
Frequently Asked Questions
1. What is the neighbourhood like?
Elmhurst is a mature, established community in Winnipeg. The property's rankings show it is very typical for the area in terms of age and assessed value, suggesting a stable, residential setting.
2. Is the basement a legal suite?
The listing states the basement is finished but does not specify it as a legal secondary suite. Buyers should verify its compliance with local regulations if considering rental income.
3. How does the lot size compare?
The lot is a major feature. At over 7,000 sqft, it is larger than 85% of properties in Winnipeg, offering exceptional space for gardening, recreation, or future expansion.
4. What might the rankings mean for future value?
The home ranks highly for lot size but lower for building age. This can indicate a property where the land itself is a primary driver of value, with the structure offering potential for updates to match the asset's long-term potential.
5. Are there any obvious concerns from the data?
The home's assessed value ranks lower in its community than its physical size does. This can sometimes reflect the older build year and market perceptions, suggesting a thorough inspection is wise to understand the condition and any needed investments.