Property Overview & Appeal
This 1974-built bungalow in Elmhurst offers a rare combination of space and established character on a large, approximately 12,700 sqft lot. Its key appeal lies in its generous land size—ranking in the top 5% of the community—and its fully finished basement and in-ground pool, creating immediate potential for both indoor and outdoor living. With 1,442 sqft of living space and a double attached garage, it provides practical family accommodation.
The home suits buyers looking for a long-term family home with room to grow, garden, or entertain. Its above-average rankings for lot size, living area, and assessed value suggest a solid, well-positioned property in its area. A thoughtful perspective is that while the home itself is over 50 years old and may require updates, the immense lot represents a lasting asset that is increasingly scarce, offering privacy and possibilities that newer subdivisions often cannot match. It would particularly appeal to a hands-on buyer who values outdoor space over a brand-new interior, and who sees the established neighborhood and mature landscape as desirable features.
Frequently Asked Questions
1. How does the age of the home (built in 1974) factor into its value?
While the building itself may have older components needing attention, the property's overall value is strongly supported by its exceptionally large lot and location. The rankings show its assessed value is in the top 20% city-wide, indicating that these permanent features outweigh the age of the structure.
2. What is the significance of the lot size rankings?
Ranking in the top 3-5% for lot size locally is a major advantage. It means the property offers more privacy, yard space, and potential (like gardening, expansions, or adding a shed) than the vast majority of homes in Winnipeg, which is a key differentiator.
3. The home last sold in 2020; what does that recent history suggest?
The 2020 sale provides a clear, modern price benchmark, showing active market interest in the property just a few years ago. This helps establish a trend and gives buyers a solid reference point for how the market has valued the home recently.
4. Are there any considerations with the in-ground pool?
An in-ground pool is a significant feature that requires seasonal maintenance and carries ongoing costs. It is a major asset for summer enjoyment and can enhance lifestyle appeal, but buyers should budget for its upkeep and insurance implications.
5. How do the community rankings compare to the city-wide rankings?
The home performs exceptionally well in broader rankings (top 3% in Winnipeg for lot size) but shows more variation within its own community. This suggests it is a standout property on a city scale, but within the desirable Elmhurst area, it faces more direct competition from other well-sized homes, which is useful for understanding its local market position.