Property Overview
This 1971-built, one-storey home in Elmhurst presents a specific and compelling value proposition. Its primary appeal lies in the combination of a very large, mature lot (over 7,300 sq ft) in an established neighbourhood with a modestly sized, functional living space (873 sq ft). The home features a finished basement, adding usable area. The data reveals a clear profile: it ranks highly for its generous lot size and overall assessed value within Winnipeg, but the house itself is smaller and older than many in its immediate area. This creates a unique opportunity for buyers who prioritize land over square footage.
It would suit a first-time buyer seeking an affordable entry into a solid neighbourhood, a downsizer looking for manageable living without sacrificing outdoor space, or an investor/renovator who sees potential in the substantial lot. The appeal is grounded in practicality and long-term land value rather than turn-key modern finishes. A thoughtful perspective is recognizing this as a "blank canvas" property—the significant lot offers rare potential for expansion, gardening, or outdoor living that is increasingly hard to find at this price point in the city.
Frequently Asked Questions
1. Is the lot size a major advantage?
Yes. At over 7,300 sq ft, the lot is significantly larger than the average for Winnipeg and ranks in the top 14% city-wide. This is the property's standout feature, offering ample space for privacy, recreation, or future projects.
2. The home's living area is noted as smaller than most. How does the layout function?
The 873 sq ft main floor is compact. The value is enhanced by the presence of a finished basement, which adds flexible living or storage space. Buyers should view the total usable space as the combined area of both levels.
3. How does the age of the home (55 years) impact this purchase?
The 1971 build date means buyers should budget for expected maintenance and updates common to homes of this era, such as roofing, windows, or mechanical systems. Its age ranks as newer than only about 20% of homes in the immediate neighbourhood, so it is among the older homes on the block.
4. What do the ranking percentages actually tell me?
They show how this property compares to others in three areas: its street, the wider Elmhurst community, and all of Winnipeg. For example, ranking in the "top 14% in Winnipeg" for lot size is a strong positive, while ranking in the "top 97%" for living area (meaning only 3% of area homes are smaller) confirms the home itself is quite compact for the neighbourhood.
5. There's no garage. Is that a significant drawback?
For some buyers, yes. The lack of a garage means relying on street parking or the potential cost of adding a shelter or structure later. However, the large lot does provide ample space to add a garage or shed if desired, which is a key mitigating factor not available on smaller properties.