Property Overview
This 1983-built, one-storey home in Elmhurst offers a practical layout with 1,000 sqft of living space and a finished basement, situated on a generous 4,904 sqft lot. Its appeal lies in its established, quiet neighbourhood and a notably well-maintained condition for its age—it ranks newer than 97% of homes on its own street. The property presents a grounded, move-in-ready opportunity. It would suit first-time buyers seeking a manageable single-level home, downsizers looking for low-maintenance living without a condo fee, or value-focused investors wanting a solid rental property in a stable area. A less obvious perspective is its potential for someone who values a larger outdoor space for gardening or leisure, which is less common in newer subdivisions, without the upkeep of a significantly larger house.
Key Details & FAQs
Key Characteristics:
- Type & Size: One-storey bungalow with 1,000 sqft, a finished basement, and an attached garage.
- Lot: A sizable 4,904 sqft lot, offering ample private outdoor space.
- Condition & Value: Built in 1983, its assessment value of $378,000 positions it as a competitively priced option within the broader Winnipeg market.
FAQs:
1. What is the neighbourhood like?
Elmhurst is a mature, established neighbourhood. The rankings indicate this specific street is very consistent, with homes of similar age and value, suggesting a stable and quiet community feel.
2. Is the house outdated or will it need major work?
While the build year is 1983, the data shows it ranks as newer than most on its street and in the city. This often indicates the home has been well-kept or updated over time. A viewing will clarify the state of major systems like roof, windows, and HVAC.
3. Who would this house be best for?
Its single-level layout and manageable size make it ideal for first-time homeowners or those looking to downsize from a larger property. The finished basement adds flexible space for a family, home office, or recreation room.
4. How does its value compare to the area?
With an assessment value that surpasses 59% of all Winnipeg homes, it sits in a middle-value tier. It's priced above most in its immediate neighbourhood but offers more space and a newer build than many comparable options, presenting a balance of amenities for the price.
5. What are the less obvious things to consider?
The very high ranking for "newness" on its street suggests neighbouring homes are of a similar vintage and likely well-maintained, which can be positive for future resale value. The large lot is a standout feature for the home's size, offering expansion potential or simply more private yard space than typically found in newer builds.