Property Overview
This 1982-built, single-storey home in Elmhurst offers a practical, no-fuss layout on a generous 5,000+ sqft lot. Its key appeal lies in its simplicity and space. With 1,090 sqft of living area and a finished basement, it provides functional room to grow without the maintenance of a larger, more complex property. The absence of a garage or pool translates to lower ongoing costs and less seasonal upkeep.
The home suits first-time buyers or downsizers seeking an affordable entry into a mature neighbourhood with a sizable yard. Its value is grounded in land potential and livable basics rather than high-end finishes. A thoughtful perspective is its relative newness compared to many homes on its street and in Elmhurst, potentially meaning fewer major age-related repairs than older peers. The rankings suggest it’s a competitively priced option within its immediate area, offering solid value for those prioritizing location and lot size over square footage or modern features.
Frequently Asked Questions
1. What does the "finished basement" include?
The listing notes a finished basement but does not specify the rooms or finish quality. Viewing is essential to determine if it's a recreational space, contains additional bedrooms, and to check for any moisture issues common in homes of this era.
2. How does the lack of a garage affect daily life and value?
Parking will be limited to the driveway and street. This can be a significant consideration for families with multiple vehicles or during Winnipeg winters. However, it also means no garage maintenance and a lower property tax assessment, which some buyers may prefer.
3. The home ranks low for size on its street but high for lot size. What does this mean?
This indicates the house itself is more modest than many neighbours, but the property sits on a larger-than-average plot for the area. This could appeal to buyers who value outdoor space for gardening, play, or future expansion over a large interior footprint.
4. The assessed value is higher than many area homes. Is it overpriced?
Not necessarily. The assessment reflects the municipality's view of its value for tax purposes, which considers the lot size, finished basement, and overall condition. It ranks in the top half city-wide for value, suggesting the asking price is likely aligned with its market position.
5. What are the pros and cons of a 44-year-old, single-storey home?
The main advantages are accessibility without stairs and typically simpler roof and maintenance access. Potential drawbacks include older building materials, windows, and mechanical systems (like the furnace and plumbing) that may be nearing the end of their service life and could require investment.