87 Apex Street

Property Overview

This 1999-built, one-storey home on a large 7,261 sqft lot in Elmhurst presents a compelling blend of space, modern age, and established value. Its key appeal lies in its generous proportions—both in its nearly 2,000 sqft of finished living space and its expansive yard—coupled with the desirable convenience of a fully finished basement and an attached garage. The home’s data reveals a strong competitive position: it ranks highly within Winnipeg for lot size, living area, and assessed value, suggesting a property that is both substantial and well-regarded by the market. It particularly stands out on its own street for its newer construction age and high assessment value.

This property would suit buyers looking for single-level living without compromising on space, whether they are growing families needing room to spread out or downsizers seeking a manageable layout with ample storage and basement potential. It’s also a fit for value-conscious buyers who appreciate a home that ranks well above average in key metrics for the city, indicating a sound long-term investment in an established neighbourhood.

Frequently Asked Questions

1. How does the "ranking" system work?
The rankings compare this home against others on the same street, in Elmhurst, and across all of Winnipeg for specific metrics like size, age, and value. For example, being newer than 98% of houses on its street and having a higher assessed value than 96% of homes in Winnipeg are strong indicators of its relative standing.

2. What does the lot size offer?
At over 7,200 sqft, the lot is significantly larger than average. This provides ample private outdoor space for gardening, recreation, or future additions like a deck or patio, which is a notable advantage in a mature neighbourhood.

3. Is the basement included in the living area?
No, the listed living area of 1,987 sqft refers to the above-ground finished space. The home also has a separate, fully finished basement, which adds considerable extra room for entertainment, guests, or hobbies.

4. The home is 27 years old. What should I consider?
Built in 1999, the home is past its initial builder warranty period but is still considered modern in layout and systems. A pre-purchase inspection would be wise to assess the condition of major components like the roof, HVAC, and windows, which may be nearing their typical lifespans.

5. What’s the significance of the high assessed value ranking?
Ranking higher than 96% of Winnipeg homes for assessed value suggests the municipal assessment views this property as a high-value asset relative to the market. This can be a positive sign of the property's underlying worth, though the final market price is determined by buyer demand.