Property Overview
This two-storey home in Elmhurst presents a compelling opportunity for buyers seeking space, established character, and a solid value proposition in Winnipeg. Built in 1977, its key appeal lies in its generous 7,343 sqft lot and a living area (1,664 sqft) that ranks within the top 20% city-wide, offering more interior room than most Winnipeg homes. The property includes a finished basement and an attached garage. Its competitive market position is underscored by an assessed value that places it ahead of 73% of all Winnipeg homes, suggesting a strong foundational investment.
The home is particularly well-suited for growing families or those who prioritize private outdoor space over a brand-new build. It offers the room to expand or garden on a large lot in a mature neighborhood. While the structure itself is approaching 50 years, the rankings indicate it competes favorably on size and value within its immediate area and across the city. A thoughtful perspective for buyers is to see this as a "canvas property"—it provides the scarce resources of land and square footage in a settled community, upon which updates can be made over time to modernize while retaining its inherent spatial advantages.
Frequently Asked Questions
1. What do the ranking percentages actually mean?
They show how this property compares to others in its immediate street, neighborhood (Elmhurst), and all of Winnipeg. For example, its living area surpasses 80% of Winnipeg homes, meaning it's larger than most, while its age is newer than only 41% of homes, indicating it's among the older half of the city's housing stock.
2. Is the finished basement included in the 1,664 sqft living area?
Typically, the listed "living area" (or above-grade square footage) does not include basement space, finished or unfinished. This home has a separate, additional finished basement.
3. The home is older; what should I budget for updates or maintenance?
Given its age, a thorough inspection is essential. While systems like roofing and heating may have been updated, budgeting for ongoing maintenance of a nearly 50-year-old home is prudent. The large lot and good interior space, however, mean your investment is going primarily into land and structure, not just short-lived finishes.
4. How does the assessed value relate to the likely selling price?
The municipal assessment ($442,000) is for tax purposes and is based on past market data. It's a useful benchmark showing the home is valued well above the Winnipeg median, but the final sale price will be determined by current market conditions, demand for the area, and the property's specific condition.
5. What is the Elmhurst neighborhood like?
Elmhurst is an established, mature community in Winnipeg. Properties often feature larger lots from the era of construction. The rankings show this home's lot size and living area are very competitive within the neighborhood itself, suggesting it's a strong representative of the area's more spacious home offerings.