Property Overview & Key Characteristics
This two-storey home in Elmhurst offers a classic layout with over 1,600 square feet of living space, built in 1981. Its primary appeal lies in its generous proportions and established lot. The property sits on a large, approximately 5,800 sqft parcel, providing ample outdoor space—a notable advantage in mature neighbourhoods where lots are often smaller. With an unfinished basement and an attached garage, it presents a solid foundation with clear potential for future customization.
The home’s competitive positioning is grounded in its data: it ranks highly within its immediate street and the broader city for both living area and assessed value, suggesting it is a sizeable and well-regarded property for its category. Its appeal is practical and long-term, suited for buyers who value space over turn-key finishes. It would be an ideal match for a growing family seeking room to expand, a handy homeowner comfortable taking on gradual renovation projects, or an investor looking for a structurally sound property in a stable neighbourhood with the upside of adding value through updates.
Frequently Asked Questions
1. What does the ranking data actually mean?
The rankings compare this property against others on its street, in Elmhurst, and across all of Winnipeg. For example, ranking in the top 22% city-wide for living area confirms this is a notably spacious home for its vintage and price point.
2. Is the unfinished basement a drawback or an opportunity?
This depends entirely on the buyer’s vision. It’s an immediate cost savings on property taxes (as unfinished space isn’t fully assessed) and offers a blank canvas to create exactly the kind of additional living space, storage, or utility area a new owner needs, without having to undo previous work.
3. What should I consider about a home built in 1981?
Homes from this era often have good room sizes and solid construction. A key focus should be on the major systems (roof, windows, furnace, electrical) to understand which have been updated and which may be nearing their typical lifespan, aiding in budgeting for future maintenance.
4. How does the large lot size benefit me?
Beyond simple outdoor space, a lot of this size (ranking in the top 17% on its street) provides rare potential for additions, landscaping projects, gardening, or recreational space. It also contributes to the property’s long-term value, as land size is a fixed asset in a mature neighbourhood.
5. Who is this property not ideally suited for?
It may not suit buyers seeking a modern, low-maintenance home ready for immediate move-in. The unfinished basement and the age of the property imply that some investment of time, effort, or capital will be needed to realize its full potential or update it to contemporary standards.