Property Overview
This 1971-built, one-storey home in Elmhurst presents a classic, low-maintenance layout on a notably large, 8,390 sqft lot. Its key appeal lies in this generous land size, which ranks within the top 10% of all properties in Winnipeg for square footage, offering significant potential for gardening, expansion, or simply enjoying ample private outdoor space. The home itself is modest in size at 1,076 sqft and features a finished basement, catering to practical living needs. Its overall assessed value positions it as a more accessible entry point within the city.
The property suits first-time buyers or downsizers looking for a manageable single-level home with the rare advantage of a large yard in a mature neighbourhood. It also appeals to value-oriented buyers who see potential in the land itself, whether for long-term enjoyment or future redevelopment. A thoughtful perspective is that while the home's interior metrics rank in the middle to lower tiers locally, the exceptional lot size offers a compelling counterbalance, representing a tangible asset that is increasingly scarce. It’s a property where the land may hold more long-term value than the existing structure.
Frequently Asked Questions
1. How does the large lot size impact property taxes?
While the lot is large, the assessed value—which directly influences property taxes—is currently weighted heavily by the older, modest-sized home. Taxes are based on the total assessment, not lot size alone.
2. Is the finished 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 compliance with local regulations if considering rental income.
3. What does the "ranking" data mean for livability?
The percentile rankings compare this property to others in the area. For example, ranking in the top 10% for lot size city-wide is a strong advantage, while lower rankings for living space indicate the home itself is smaller than many comparables.
4. Given the home's age, what should be prioritized for inspection?
As a home built in 1971, key systems like roofing, plumbing, electrical, and the foundation should be thoroughly inspected, alongside checking for any updates to windows and insulation.
5. Is the lack of a garage a significant drawback in this area?
While many homes have garages, the vast lot provides ample space to add a detached garage or workshop, subject to local zoning and permit approvals, which could be a future project.