Property Overview
This two-storey home in Elmhurst offers a well-established, spacious setting on a large, mature lot. Built in 1986, its key appeal lies in its generous proportions—both the 1,887 sqft living space and the 7,798 sqft lot size rank highly within Winnipeg, offering room to breathe and grow. The home presents a practical, grounded opportunity: it's a sizeable property without a premium price tag, as reflected in its current assessment. The finished basement adds functional living space. Its strongest suit is space and value, suiting buyers who prioritize lot size and interior square footage over a brand-new build. It would particularly appeal to a growing family seeking an established neighborhood, a value-oriented buyer looking for a property with solid fundamentals, or someone interested in the long-term potential of a large yard in a mature area.
Frequently Asked Questions
1. How does the age of the home affect its condition and potential costs?
At 40 years old, major components like the roof, windows, furnace, and plumbing may be nearing or past their typical lifespan. A thorough inspection is crucial to budget for potential updates, though the home has likely had several systems updated over the decades.
2. What are the implications of not having a garage?
The lack of a garage means vehicles are exposed to Winnipeg winters, and storage or workshop space must be found elsewhere. However, the large lot offers clear potential to add a garage or shed in the future, subject to local bylaws.
3. The rankings show high marks for size but lower ones for value on its street. What does this mean?
This suggests the home is one of the larger properties on its block, but its assessed value is modest compared to some neighbors. This could indicate an opportunity for the right buyer, but it's wise to research recent sales on the street to understand the local market context.
4. Is the finished basement included in the listed 1,887 sqft living area?
Typically, municipal living area (sqft) calculations in Winnipeg do not include below-grade space, even if finished. The 1,887 sqft likely refers to above-ground living space only, with the finished basement providing additional bonus rooms.
5. What is the feel of the Elmhurst neighborhood?
Elmhurst is a mature, established neighborhood with older homes and large, treed lots. It offers a quiet, residential feel with a mix of long-term residents and younger families. Its appeal is in its space and greenery rather than new amenities or nightlife.