Property Overview: 75 Epsom Place
Key Features & Ideal Buyer
This 1968-built, one-storey home in Elmhurst sits on a large, 7,278 sqft lot, offering more outdoor space than most properties in Winnipeg. Its key characteristics include a fully finished basement, a split garage, and a practical 935 sqft floor plan. The appeal here is grounded in space and value: the lot size is a significant asset, ranking in the top 15% city-wide, while the assessment value presents a relatively accessible entry point. It’s a property that trades newer finishes and square footage for land potential and location within a mature neighborhood.
This home would suit a pragmatic buyer—perhaps a first-time homeowner, a downsizer, or an investor—who prioritizes land size over a modern or expansive interior. It’s ideal for someone who sees value in a solid, no-frills foundation on a generous lot, whether for future expansion, gardening, or simply having more private outdoor space than typically found. The finished basement adds flexible living or rental space, enhancing its utility.
Frequently Asked Questions
1. How does the home’s age impact its condition and costs?
Built in 1968, major systems like roofing, plumbing, or wiring may be at or beyond their typical lifespan. A thorough inspection is crucial to budget for potential updates, though the mature neighborhood often means established infrastructure and landscaping.
2. The living area is noted as quite small relative to others. How does the layout function?
At 935 sqft, the main floor living space is compact. The value is augmented by the finished basement, which effectively doubles the usable area. Buyers should assess if the main-floor layout suits their daily needs, with the basement serving as a crucial extension for family, recreation, or storage.
3. What does the "split garage" configuration mean?
This typically indicates a two-car garage where the bays are separated by a wall, not a single open space. It offers flexibility but can make parking larger vehicles or using the space for a workshop slightly more constrained than in an oversized single garage.
4. The assessment value seems moderate for the area. What does this indicate?
The assessment is a municipal valuation for tax purposes, not market value. Its ranking suggests the property is viewed as more modest in features and size compared to peers. This can mean a relatively lower tax burden, but the final sale price will be determined by the current market.
5. The lot is large, but are there any restrictions on its use?
With a lot size in the top 15% for Winnipeg, there is clear potential for additions, a garden, or outdoor living. It’s wise to check City of Winnipeg zoning bylaws for any development restrictions, setback requirements, or the possibility of future infill subdivision, which could affect use and value.