Property Overview & Key Characteristics
This two-storey home in Elmhurst presents a compelling blend of space, established charm, and a prime location. Built in 1973, it sits on a generous 7,183 sqft lot and offers 1,792 sqft of living space, which ranks well above average for its street and the wider city. Its appeal lies in this substantial footprint, providing room to grow both inside and out. The property features a finished basement and an attached garage, adding practical living and storage solutions.
The home’s strong rankings are noteworthy: it stands in the top 16% of Winnipeg for lot size and living area, indicating a property that offers more space than most in the market. It would particularly suit buyers looking for a established family home in a mature neighborhood, who prioritize interior space and a large yard over a brand-new build. It’s also a fit for value-conscious buyers seeking a property with above-average metrics that may have solid "bones" for future updates.
A thoughtful perspective: While the build year shows its age, the high ranking for living area against newer homes suggests a efficient or well-expanded floor plan for its era. The fact that it surpasses 84% of Winnipeg homes for space, yet has an assessed value ranking slightly lower, could indicate potential value relative to its physical offering.
Frequently Asked Questions
1. What does the "finished basement" entail?
The listing confirms a finished basement, which adds valuable flexible space for recreation, guests, or storage. Specifics on the finish quality, ceiling height, and legal compliance should be verified with the seller or during a viewing.
2. The home is over 50 years old. What should I consider?
While the structure has proven durability, a pre-purchase inspection is crucial to assess the condition of major aging components like the roof, windows, plumbing, electrical systems, and the foundation. Its high ranking for size in a 1973 build is a positive, but mechanical updates may be a consideration.
3. How significant are the provided rankings?
They are a useful, data-driven way to compare this property against immediate neighbors and the broader market. Leading rankings in lot and living area size (top 16% in Winnipeg) highlight its standout features, while more average rankings in community age and value offer a balanced view of its context.
4. Who is responsible for verifying the lot size and living area?
The listed figures are sourced from public records. For absolute precision—crucial for planning renovations or additions—buyers should consult the property’s survey and may wish to take their own measurements.
5. The assessment is $440,000. Does this dictate the selling price?
Not directly. The assessed value is for municipal tax purposes and can be a market indicator, but the final sale price is determined by current market conditions, the property’s specific state, and buyer demand. It serves as a reference point rather than a price tag.