Property Overview
This two-storey home in Elmhurst presents a compelling opportunity for buyers seeking space, a mature setting, and solid value. Built in 1977, its key characteristic is an expansive 9,011 sqft lot, which is notably larger than most properties in Winnipeg, placing it in the top 8% city-wide for land size. The 1,892 sqft living area is also generous, ranking in the top 12% in the city. The home features a finished basement and an attached garage.
Its appeal lies in the rare combination of a large, private yard within a well-established community. While the house itself is from the late 70s, the property metrics suggest it outperforms most peers in terms of sheer space and municipal assessment value. It would particularly suit a growing family looking for room to play and garden, a value-conscious buyer prioritizing lot size over a brand-new build, or someone interested in the long-term potential of a sizable parcel in a mature neighbourhood.
A thoughtful perspective is that while the home’s age is average for its area, its above-average rankings for living space and lot size on a quiet street offer a classic "good bones" scenario. It’s a property where the land is a significant driver of its value and future potential.
Frequently Asked Questions
1. How does the age of the home affect its condition?
Built in 1977, the home is nearly 50 years old. This is typical for the Elmhurst area, but it means prospective buyers should budget for updates to major aging components like the roof, windows, or HVAC system, and prioritize a thorough inspection.
2. What do the ranking percentages actually mean?
They show how this property compares to others in its immediate area and across Winnipeg. For example, being in the "top 8%" for lot size in Winnipeg means 92% of city properties have smaller lots. It’s a quick way to gauge its relative strengths, like space, versus its relative age.
3. The 2019 sale price was $350,000, but the current assessment is $523,000. Why the large difference?
The assessment is the city’s valuation for property tax purposes and reflects market trends over time. The 2019 price is a historical data point. The current list price will be influenced by today’s market conditions, the assessment, and the home’s updated value proposition.
4. Is the finished basement included in the 1,892 sqft living area?
Typically, municipal living area (square footage) in Canada refers to above-grade, heated space. The finished basement is an additional asset that adds functional living space but is not usually counted in the official 1,892 sqft figure.
5. What is the neighbourhood like for families?
Elmhurst is a long-established, quiet neighbourhood in Winnipeg. The high ranking for lot size within the community (top 17%) suggests a streetscape with more space between homes, offering privacy and room for outdoor activities, which is often attractive to families.