Property Overview & Key Characteristics
This 1982-built, one-storey home in Elmhurst sits on a large, approximately 7,828 sqft lot, offering more outdoor space than most properties in Winnipeg. Its key appeal lies in this rare combination of a single-level layout and a substantial, private yard—a find for those seeking ease of living without compromising on land. The 1,440 sqft home features a finished basement and an attached garage.
The property’s competitive rankings reveal its strengths: it outperforms 88% of Winnipeg homes for lot size and 80% for assessed value, indicating a well-regarded asset in the broader market. It suits buyers looking for a long-term home with room to grow, garden, or entertain, particularly those who prefer the accessibility of a bungalow. It also represents a solid opportunity for value-conscious buyers seeking a property with above-average land value in a mature neighbourhood, where the lot itself is a significant portion of the investment.
Frequently Asked Questions
1. How does the age of the home (44 years) affect its condition and potential needs?
While the home ranks around the middle for age in its area, a property of this vintage will likely have had major systems updated. A thorough inspection is key to understand the current state of the roof, windows, plumbing, and electrical, which may be due for replacement or modernization.
2. The living space ranks lower than the lot size. Is the house small for the property?
At 1,440 sqft, the living area is functional but modest relative to the large lot. This presents a classic trade-off: you're purchasing significant outdoor space and potential. For some, this is ideal; for others, it may mean future expansion possibilities are a consideration.
3. What does the high assessment value ranking actually mean?
Outperforming 80% of Winnipeg homes in assessed value suggests the municipal assessment views this property very favorably, often reflecting its desirable lot size and location. It’s a strong market signal, but it's important to note that assessed value is not the same as market value.
4. Is the finished basement included in the listed 1,440 sqft living area?
Typically, municipal living area (sqft) calculations in Canada do not include below-grade space, even if finished. The 1,440 sqft likely refers to the above-ground footprint, with the finished basement providing additional, flexible space.
5. The lot is large, but what are the maintenance implications?
A nearly 8,000 sqft lot offers great privacy and space but requires more time and cost for landscaping, lawn care, snow clearing, and general upkeep compared to a standard city lot. This is a worthwhile consideration for your lifestyle and budget.