Property Overview & Appeal
This 1977-built, one-storey home in Elmhurst is defined by its exceptionally large, private lot—over 21,700 sqft—which places it in the top 1% of properties in Winnipeg for land size. The house itself offers 1,760 sqft of living space with a finished basement and an attached garage. Its key appeal lies in a rare combination of established neighborhood character and expansive outdoor potential. While the home is nearly 50 years old, it presents a solid foundation with above-average living space for its style. This property is ideally suited for buyers who prioritize land over a turn-key modern home. It’s a perfect match for someone seeking privacy, room for gardens, recreational space, or future expansion, and who is comfortable with a home that may require updates to match its premium lot value.
Frequently Asked Questions
1. What does the lot size actually allow for?
Beyond a large yard, a lot of this scale (half an acre) offers uncommon potential in the city for additions like a workshop, extensive landscaping, a sport court, or even future subdivision, subject to city zoning and approvals.
2. How should I interpret the age and ranking data?
The home ranks highly for size and value but lower for age. This indicates a well-built, spacious property on a premium lot, but buyers should budget for updates to mechanical systems, windows, or insulation that are typical for a home of this era.
3. Is the finished basement a legal suite?
The details state the basement is finished but do not specify it as a legal secondary suite. A buyer interested in rental income would need to verify its compliance with local regulations.
4. Why is the assessed value a key metric here?
With an assessed value significantly above average for the area, it reflects the premium placed on the land. This can be a stable indicator of underlying value, but the eventual sale price will hinge on the home's condition and market demand.
5. Who is the typical buyer for this property?
The most likely buyer values long-term potential over immediate perfection. This could include a growing family wanting space, a multi-generational household, or a hands-on owner looking to customize both the home and the landscape over time.