Property Overview & Key Characteristics
This 1978 four-level split home in Elmhurst offers a compelling blend of space, location, and value. Its primary appeal lies in its generous 1,833 sqft of living area, which ranks within the top 3% of homes on its street and provides ample room for a growing family or those who appreciate distinct living zones across its multiple levels. The property sits on a large 7,061 sqft lot, offering significant outdoor space in a mature neighborhood. With an unfinished basement and a detached garage, it presents a clear opportunity for future customization and added value.
The home’s competitive positioning is noteworthy: it outperforms a majority of Winnipeg homes in terms of living space, yet its assessed value sits at a median point for the city. This suggests you are acquiring above-average square footage without a premium price tag. It would suit practical buyers looking for a long-term family home with room to grow and personalize, as well as value-oriented investors who recognize the potential in finishing the basement to increase rental income or resale value.
Frequently Asked Questions
1. What does the "ranking" data actually mean for a buyer?
The rankings show how this property compares to others in its immediate area and citywide. For example, ranking in the top 14% in Winnipeg for living space means it's significantly larger than most homes, while its value ranking suggests it's priced accessibly relative to that space.
2. Is an unfinished basement a drawback or an opportunity?
It's primarily an opportunity. It allows the next owner to customize the space to their exact needs—whether as a rec room, home office, or secondary suite—without needing to undo previous renovations. It does, however, require an upfront investment to finish.
3. What are the considerations with a 48-year-old home?
While offering character and a well-established lot, a home of this age will likely have original or aging core components. A thorough inspection is essential to understand the condition of the roof, windows, plumbing, and electrical systems, and to budget for potential updates.
4. Who might the "4 Level Split" layout suit best?
This layout is ideal for families seeking separation of space, as it naturally creates zones for living, sleeping, and recreation. It may be less suitable for those with mobility concerns, as it involves navigating multiple short flights of stairs.
5. How does the lot size benefit the owner?
At over 7,000 sqft, the lot is substantially larger than many found in newer subdivisions. This provides ample private outdoor space for gardening, play, and entertaining, with potential for future additions like a shed or deck, subject to local bylaws.