Property Overview & Key Characteristics
This two-storey home in Elmhurst presents a well-established, spacious offering on a large lot. Its primary appeal lies in the combination of generous indoor and outdoor space, a finished basement adding functional living area, and a solid position within its local market. The nearly 1,500 sqft of living space ranks well above average for the street and city, providing ample room for a family. The 7,412 sqft lot is a significant asset, offering substantial private outdoor space that is increasingly rare. A key, less obvious strength is its relative value; the home's assessment and size metrics consistently rank in the top 30-40% citywide, suggesting it offers more square footage and land for the price point than many Winnipeg properties. The attached garage and updated basement add practical, day-to-day convenience.
This property would suit buyers looking for a move-in ready family home with room to grow, both inside and out. It’s ideal for those who prioritize private yard space over a brand-new build and appreciate a home with established character in a mature neighborhood. The strong rankings for lot and living size indicate it’s a competitively spacious option for its price range.
Frequently Asked Questions
1. What does the "relative ranking" data mean?
The rankings show how this property compares to others in its immediate area and across Winnipeg. For example, ranking in the top 14% citywide for lot size means the lot is larger than 86% of properties in Winnipeg, a significant advantage.
2. Is the basement a legal suite?
The listing states the basement is finished but does not specify it as a legal secondary suite. Buyers should verify its configuration and compliance with local regulations if considering rental income potential.
3. What are the implications of the home's age?
Built in 1978, the home is approaching 50 years old. This typically means well-established neighborhoods and mature landscaping, but buyers should pay close attention to the condition of major aging components like the roof, windows, and heating system during an inspection.
4. How does the assessment value relate to the likely selling price?
The municipal assessment of $424,000 is for tax purposes and is not a market valuation. However, its strong ranking (top 30% in Winnipeg) suggests the city views it as a higher-value property for its area, which can be a useful benchmark.
5. What is the neighborhood (Elmhurst) like?
Elmhurst is a mature, established neighborhood in Winnipeg. The property's rankings show it is above average in size and value within its own community, indicating it's one of the more substantial homes in the area.