Property Overview & Key Characteristics
This 1972-built, one-storey home on a generous 7,391 sqft lot in Elmhurst offers a practical and well-situated living option. Its key appeal lies in its balance of space and manageability. The 1,111 sqft living area, combined with a finished basement, provides functional room for a household, while the single-level layout (with basement) is straightforward. The attached garage and large lot are significant practical benefits.
Its standout feature is its strong positional value within Winnipeg, outperforming 86% of the city's properties in lot size. This suggests a premium, spacious setting that is increasingly rare. The home would suit first-time buyers looking for a move-in-ready property with a substantial yard, or downsizers seeking a manageable single-level layout without compromising on outdoor space. It's a grounded choice for those prioritizing lot size and neighborhood stability over a newer build or a larger interior footprint.
Frequently Asked Questions
1. How does the age of the home affect its condition and potential costs?
Built in 1972, major systems like the roof, windows, or furnace may be at or beyond their typical lifespan. A thorough inspection is crucial to budget for potential updates, though the home has likely seen several renovations over its 50+ years.
2. The lot ranks very high, but the living area ranks lower. What does this mean?
This indicates you are primarily investing in the land and location. The house itself is of average size for the area, but the property offers outdoor potential (gardens, expansion, privacy) that exceeds most of Winnipeg.
3. What is the significance of the "finished basement"?
It adds valuable, flexible living space (e.g., family room, office, or extra bedrooms) that isn't reflected in the official 1,111 sqft main floor living area. This effectively increases the usable square footage of the home.
4. Are the provided rankings a reliable measure of value?
They are useful comparative tools, not absolute measures. For instance, outperforming 86% of Winnipeg for lot size is a powerful indicator of rarity. However, the lower ranking for building age (51%) simply confirms it's an older home among a mix of old and new stock.
5. Who is the most likely buyer for this property?
It's an excellent fit for a buyer who values a large, established lot in a mature neighborhood more than a brand-new home. It appeals to those who want space for pets, gardening, or children to play, and prefer the character and tree-lined streets of an established area like Elmhurst.