Property Overview & Appeal
This 1983-built, single-storey home in Elmhurst sits on a large, approximately 9,677 sqft lot, offering a notable sense of space and privacy for the area. Its key appeal lies in this generous land size, which ranks within the top 13% of the community, paired with a fully finished basement. The home presents a practical layout with 1,176 sqft of living space and an attached garage. Its overall value proposition is grounded in its established neighbourhood setting and a lot that provides ample room for gardening, play, or future expansion.
The property would suit buyers looking for a solid, move-in-ready home on a large lot without the premium price of a newer build. It's particularly well-matched for first-time buyers or downsizers seeking single-level living, or for families who prioritize outdoor space over a large interior footprint. A thoughtful perspective is that while the home's assessed value is modest relative to the lot size, this indicates potential for value growth through updates, making it a sensible canvas for someone willing to invest sweat equity over time.
Frequently Asked Questions
1. How does the lot size compare to typical properties in Winnipeg?
The lot is exceptionally large, ranking in the top 7% of all residential properties in Winnipeg, which is a significant and rare feature for an inner-city neighbourhood.
2. What does the "fully finished basement" include?
The listing confirms the basement is finished, meaning it has livable space such as recreation rooms or additional bedrooms, but specific details on layout, ceiling height, or permits should be verified by a home inspector.
3. Is the home older than others in the area?
Built in 1983, the home is newer than about 80% of other houses on its street, making it one of the more recent builds in that immediate area, though it is a mature property.
4. How does the property's assessed value relate to its asking price?
The municipal assessment is $379,000. It's important to note that assessed value is for tax purposes and the market price can differ; reviewing recent sales of similar homes in Elmhurst will provide a clearer market value picture.
5. What are the implications of the living area rankings?
The living space (1,176 sqft) is near the median size for Winnipeg, meaning the home offers standard interior space. The primary advantage here is the disproportionate size of the lot compared to the house, emphasizing outdoor potential over expansive indoor square footage.