Property Overview & Key Characteristics
This property is defined by its substantial, mature lot and a location that ranks highly within its community. The primary appeal lies in the exceptional land size of over 19,000 sqft, placing it in the top 2-3% of properties in Winnipeg for lot dimensions. This offers rare potential for expansion, gardening, or outdoor recreation in a city setting. The home itself is a modestly sized, one-storey 1954 bungalow with a finished basement and an attached garage.
Its value proposition is for a specific buyer: someone seeking a land-first opportunity. It would suit a purchaser comfortable with a home that may require updates (as suggested by its age ranking) but who prioritizes long-term potential and space over immediate move-in perfection. The strong rankings for lot size and assessed value against recent sale prices indicate the land itself is a significant, appreciating asset. This is a property for vision—whether that's future renovations, adding an addition, or simply enjoying one of the larger private yards in the city.
Frequently Asked Questions
1. What does the "ranking" data actually mean?
The rankings compare this property against others on its street, in Elmhurst, and across all of Winnipeg. For example, being in the "top 2%" for land size city-wide confirms the lot is exceptionally large. Conversely, rankings in the "top 98%" for building age mean it is among the older homes in the area.
2. The house seems small relative to the lot. Can it be expanded?
The bungalow style and vast lot certainly present a clear opportunity for a significant addition or even a future rebuild, subject to zoning and permit approvals. The existing footprint is only a small portion of the property's total area.
3. How does the 2019 sale price relate to the current assessment?
The property last sold for $375,000 in 2019 and is now assessed at $420,000. This suggests municipal assessment recognizes increased value, potentially driven by the land. It's important to note market value can differ from the assessed value.
4. Is the older age of the home a major concern?
A 1954 home will likely have older core systems (like plumbing, electrical, and the roof) that require thorough inspection. The appeal here is balanced: you're acquiring a vintage home on a premium lot, so budgeting for maintenance or updates should be part of the plan.
5. What is the neighbourhood like?
Elmhurst is an established, mature neighbourhood. The property's high rankings within the community for lot size and value indicate it is among the more substantial holdings in the area, often associated with quiet, tree-lined streets and a sense of permanence.