Property Overview & Appeal
This 1978 one-storey home in Elmhurst offers a practical layout with 1,387 sqft of living space on a generous, nearly 6,000 sqft lot. Its key features include a fully finished basement and an attached garage. The home's primary appeal lies in its established neighborhood setting and its relative value, as its assessment price sits below many in the wider Winnipeg area. It ranks notably well for its lot size and newer build year compared to immediate neighbors.
This property would suit first-time buyers or downsizers looking for a manageable single-level layout in a mature community. It’s also a candidate for value-conscious buyers who see potential in a solidly built home on a large lot, where the finished basement adds immediate functional space rather than a future project.
Frequently Asked Questions
1. What does the ranking data actually tell me?
The rankings compare this home to others on its street, in Elmhurst, and across Winnipeg. It shows that while the house itself is average in size for the area, it sits on a larger-than-average lot and is newer than most houses on its specific block, which can be positives for future value.
2. Is the finished 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. Why is the assessed value relatively high for the street?
The home has the highest assessment on Milan Street. This is likely due to a combination of its larger lot size, newer construction year compared to neighbors, and the finished basement adding to its taxable value.
4. What are the pros and cons of a 1978 build?
Homes from this era often have modern wiring and insulation compared to much older stock, but may soon require updates to original components like windows, roofing, or major mechanical systems. A thorough inspection is advised.
5. How does the lot size benefit me?
The nearly 6,000 sqft lot offers ample outdoor space for gardening, recreation, or expansion. In an established neighborhood, larger lots are a finite resource and provide a sense of privacy and room to grow that smaller parcels do not.