This 1964-built, one-storey home in Elmhurst presents a solid, no-fuss opportunity. Its primary appeal lies in the combination of a very generous, mature lot (over 8,300 sq ft) and a fully finished basement, offering significant space and potential. The home ranks highly for its lot size within Winnipeg (top 10%), suggesting rare outdoor space for the area. It suits practical buyers looking for a ground-level layout, those who value a large yard for gardening, pets, or future expansion over a brand-new interior, and investors or renovators who see value in the land and the solid foundation of a maintained, older home. It’s a property where the land is a key asset, offering a sense of privacy and room to breathe that is harder to find in newer subdivisions.
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What is the true value proposition here? The data suggests the value is weighted more toward the land than the structure. The lot ranks exceptionally well, while the house itself, in terms of age and living space, ranks closer to average. This is ideal for someone who prioritizes outdoor space.
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How should I interpret the mixed rankings? The home excels in lot size but is older than most in its immediate community. This indicates a well-established neighbourhood where this property is one of the original homes, offering a larger parcel than newer infill developments might.
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Is the finished basement included in the 1,192 sq ft living area? Typically, the listed "living area" refers to above-grade square footage. The fully finished basement is additional, flexible space, effectively doubling the usable area for living, storage, or recreation.
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What does the assessment value tell me? The municipal assessment of $352,000 provides a benchmark for property taxes, but market value can differ. Its middle-of-the-road ranking suggests the official assessment aligns with a broad average for the city.
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Who might this not suit? Buyers seeking a modern, move-in-ready home with contemporary layouts and finishes, or those who prefer a low-maintenance property with a smaller yard, may find this home requires more vision or updating.