Property Overview & Appeal
This 1950s one-storey home in Elmhurst is defined by its exceptionally large, approximately 13,186 sqft lot, placing it in the top 3% of all Winnipeg properties for land size. With 1,616 sqft of living space, the house itself is also comfortably above average. Its primary appeal lies in this rare combination of a spacious bungalow on a massive, private parcel within the city—a true blank canvas. The property suits buyers looking for long-term potential over immediate perfection. It’s ideal for someone with a vision for extensive landscaping, gardens, or future additions, or for a family seeking unparalleled outdoor space. The unspoiled nature of the lot and the unfinished basement offer total flexibility. However, the home’s age and ranking for newer features (in the bottom 25% city-wide) mean it appeals to those comfortable with a property whose value is anchored in its land and potential, rather than modern finishes.
Key Questions for Consideration
1. What does the "unfinished basement" entail?
The basement is described as existing but not developed. A professional inspection is essential to confirm its condition, ceiling height, moisture control, and the feasibility of future finishing.
2. How does the 2021 sale price compare to the current assessment?
The property sold for $330,000 in 2021, which is slightly above the current municipal assessment of $323,000. This recent transaction provides a concrete market benchmark for value discussions.
3. What is the neighbourhood character of Elmhurst?
Elmhurst is an established, mature neighbourhood. The property's rankings indicate it sits on one of the larger lots in the area, offering more privacy than typical, but buyers should explore the community to gauge its fit for their lifestyle.
4. Are there any development restrictions or opportunities with such a large lot?
The lot's size may present opportunities (like adding a garage, workshop, or pool) or come with specific zoning bylaws or protective covenants. Reviewing the City's zoning regulations is a crucial step.
5. What are the implications of the home's age and rankings for newer builds?
Built in 1950, the home ranks in the older segment locally. This suggests buyers should budget for updates to major aging components (like roof, windows, plumbing, or electrical) and prioritize a thorough inspection to understand the home's current state.