Property Overview
This 1983-built bungalow in Elmhurst presents a practical and comfortable living proposition. Its key appeal lies in being a well-established, single-level home on a generous 6,291 sqft lot, offering space and convenience. The 1,484 sqft of living area includes a finished basement, providing flexible space for recreation, guests, or a home office. With an attached garage and a mature neighborhood setting, it suits first-time buyers seeking a move-in-ready home with room to grow, or downsizers looking for manageable single-story living without sacrificing yard space. Its competitive rankings, particularly being newer than 65% of Winnipeg homes and on a larger-than-average lot, suggest solid foundational value for a property of its era.
A more nuanced perspective is that this home represents a "middle-ground" option—it's not the newest or largest on its street, but it outperforms city-wide averages in several key metrics. This positions it as a sensible choice for value-focused buyers who prioritize a balanced combination of lot size, living space, and established community over brand-new construction.
Frequently Asked Questions
1. How does the home's age affect its value and potential needs?
Built in 1983, major components like the roof, windows, and HVAC system are likely at or beyond their typical lifespans. A thorough inspection is crucial. However, the age also means the home is situated in a mature neighborhood with established landscaping and community character.
2. What do the ranking percentages actually mean for me?
They are competitive benchmarks. For example, ranking in the top 26% of Winnipeg for lot size is a significant advantage, meaning outdoor space is a strong asset. Conversely, ranking in the top 71% for living area on its street suggests the interior size is more average in its immediate vicinity.
3. Is the finished basement included in the 1,484 sqft living area?
Typically, the listed "居住面积" (Living Area) refers to above-grade square footage. The finished basement is an additional bonus space, adding functional area not reflected in that primary figure.
4. Who would this property suit best?
It's an excellent fit for first-time buyers who have outgrown a condo or starter home and want more indoor and outdoor space. It's equally suitable for empty-nesters seeking single-story convenience. The rankings indicate it offers more lot and home than many city-wide options, appealing to those looking for established value.
5. How should I interpret the assessment value versus the asking price?
The $479,000 assessment is a municipal valuation for tax purposes, not a market price. It does, however, provide a benchmark. The fact it surpasses 79% of Winnipeg homes suggests the city views it as a above-average property, which will be reflected in correspondingly above-average property taxes.