Property Overview & Appeal
This 1962 one-storey home in Elmhurst is defined by its exceptionally large, 10,074 sqft lot, which places it in the top tier of properties locally for land size. The house itself is a modest 949 sqft bungalow with a finished basement and a detached garage. Its key appeal lies in the rare opportunity for generous outdoor space within the city—a blank canvas for gardening, recreation, or future expansion. The property suits practical buyers looking for a solid, no-frills home with immense lot potential, or investors considering the long-term value of the land itself. It's a pragmatic choice over a luxurious one, offering space and stability rather than modern finishes. A thoughtful perspective is that while the home is older and average in size, the lot provides a unique hedge, offering privacy and possibilities that are increasingly scarce in urban settings.
Frequently Asked Questions
1. What does the lot size ranking actually mean?
The property's lot size surpasses 97% of others on its street and 94% across all of Winnipeg, indicating it is genuinely one of the larger standard residential plots available in the city.
2. Is the older build year a concern?
Built in 1962, the home is older than most in its immediate area. This suggests potential for maintenance or update projects, but also reflects the character and established nature of the neighbourhood.
3. How does the finished basement add value?
The finished basement effectively increases the usable living space beyond the 949 sqft main floor, offering flexibility for family, recreation, or storage needs.
4. Who might this property not suit?
It may not suit buyers seeking a modern, move-in-ready home with contemporary layouts and finishes, or those who prefer a low-maintenance yard.
5. What is the significance of the assessment value ranking?
With an assessment value that surpasses 59% of Winnipeg homes, it sits in a middle range, suggesting the official valuation balances the older home with the premium lot size.