Property Overview
77 Ascot Bay is a well-established 3-level split home in Winnipeg's Elmhurst neighborhood. Built in 1968, it sits on a large, mature lot of over 7,200 sqft, offering a sense of space and privacy uncommon in many newer subdivisions. The home features 1,040 sqft of living space and includes a finished basement. Its appeal lies in its generous lot size, established community setting, and the functional layout of a classic split-level design. This property would particularly suit first-time buyers, downsizers, or practical-minded investors looking for a solid entry into a mature neighborhood with room to grow outdoors. It's a home that prioritizes land value and location over modern finishes, appealing to those who see potential in the property itself or who value lower-maintenance living without the constraints of a tiny lot.
Key Details & FAQs
Key Characteristics:
- Type & Size: A 3-level split with 1,040 sqft of living space and a finished basement.
- Lot: A standout feature at 7,278 sqft, providing ample outdoor space and ranking highly within Winnipeg.
- Location: Situated in the mature Elmhurst neighborhood, offering established amenities and greenery.
- Condition: A 1968 build, presenting a classic canvas that may appeal to buyers comfortable with homes of this era or those planning gradual updates.
- Value Proposition: The assessed value suggests this is a competitively priced home for the area, with its lot size being a significant contributor to its overall worth.
Frequently Asked Questions:
1. What are the main advantages of a 3-level split layout?
This style offers good separation of living spaces, often with sleeping areas on a quiet upper level and a rec room or family space in the lower level. It can feel more spacious than a bungalow of similar square footage.
2. How does the large lot size impact this property?
Beyond the obvious benefit of more yard space, a lot of this size in an established area is a long-term asset. It provides privacy, room for gardening, play, or future additions like a shed or deck, and is a key factor in the property's value and appeal.
3. What should I consider with a home built in 1968?
While systems like roof, windows, and furnace may have been updated, a buyer should budget for potential maintenance or updates consistent with a home of this age, such as plumbing, electrical, or insulation. A thorough inspection is advised.
4. The home ranks lower on "assessment value" within its street. What does that mean?
This indicates the municipal assessment is relatively lower than many neighbors' on the same street. It doesn't necessarily reflect market value, but it can sometimes suggest the home is less updated or has a different configuration than others on the block. It's important to view the property in person to understand its condition and value relative to its asking price.
5. Is there potential to add a garage in the future?
Given the substantial lot size, there is likely physical space to consider adding a detached garage or carport, subject to local zoning bylaws and setback requirements. This is a worthwhile investigation for a buyer who sees this as a priority.