Property Overview & Key Characteristics
This 1978-built, one-storey home in Elmhurst offers a practical layout with 1,180 sqft of living space and a fully finished basement, providing ample room for a growing family or those who value flexible space. Its standout feature is the generous 7,051 sqft lot, which is notably larger than many in the area and presents significant potential for gardening, outdoor living, or future expansion. The property includes a detached split garage, adding valuable storage or workshop space.
The home’s appeal lies in its established, quiet neighbourhood and the tangible value of the land itself. While the interior reflects its era and may benefit from updates, its assessed value ranks highly within the local market, suggesting a solid foundation. This property would suit first-time buyers looking for a home with room to grow, or value-oriented buyers who see potential in the substantial lot size and are comfortable with a property that offers a blend of livability and future opportunity.
Frequently Asked Questions
1. What is the true significance of the lot size rankings?
The property’s lot ranks in the top 17% across all of Winnipeg, meaning it’s significantly larger than most. This isn't just about a bigger yard; it translates to more privacy, space for additions like a deck or shed, and a premium that is often permanently embedded in the property's value.
2. The home is older—what should I prioritize in an inspection?
Given its age (48 years), a thorough inspection of major systems is key. Focus on the condition of the roof, foundation, plumbing, and electrical wiring to understand any imminent updates needed, beyond any cosmetic renovations.
3. How does the split garage differ from an attached one?
A detached split garage offers excellent storage or workshop potential with less concern about noise or fumes entering the house. However, it means a walk to your car in winter weather, which is a practical consideration in Winnipeg's climate.
4. The finished basement adds living space, but are there any caveats?
Always verify the quality of the finish and check for proper permits, moisture control, and ceiling height. A well-done basement adds valuable square footage, but a poorly executed one can lead to issues.
5. The assessment value seems strong—what does that indicate?
Ranking higher than 69% of Winnipeg homes in assessed value suggests the municipal assessor sees solid fundamentals here, likely driven by that large lot and the finished basement. It’s a positive indicator of baseline market value, though the final sale price is determined by the open market.