Property Overview: 42 Elmvale Crescent
Key Characteristics & Appeal
This is a well-established, single-storey home in Southboine, Winnipeg, built in 1977. Its primary appeal lies in its generous, mature 6,498 sqft lot and fully finished basement, offering significant space and potential. With 1,401 sqft of living space, a detached garage, and a layout suited to single-level living, it presents a practical and grounded opportunity.
The home’s value is underscored by its city-wide rankings: it sits in the top third of Winnipeg for lot size and overall assessed value, suggesting a property that holds its own in the broader market. Its appeal is likely more functional than flashy—it’s a home for those who prioritize space, a quiet crescent location, and a established neighbourhood over modern finishes. It would suit a buyer looking for a solid, no-frills foundation—perhaps a growing family wanting outdoor room or a practical-minded owner who sees value in the existing footprint and the possibility to personalize over time. The rankings indicate it’s a stronger performer within Winnipeg than it is within its immediate community, hinting at a property that may offer relative value within its more local context.
Frequently Asked Questions
1. What does the ranking data actually tell me?
The rankings compare this home to others in its street, neighbourhood (Southboine), and all of Winnipeg. For example, being in the top 26% of Winnipeg for assessed value suggests it is viewed as a more substantial property city-wide, even if it is more average within its own community.
2. Is the 1977 build year a concern?
While not new, the home is middle-of-the-road for its age locally (top 50% in the community). A pre-purchase inspection is essential to understand the condition of major systems like roof, windows, and plumbing, which may be due for updates or replacement.
3. How usable is the finished basement?
The listing confirms a finished basement, which adds valuable flexible space. It’s important to clarify the quality of the finish, ceiling height, and whether it includes a proper egress window or secondary exit.
4. What are the pros and cons of a one-storey layout?
The main advantage is accessibility and easy flow between rooms, which is ideal for those with mobility considerations or who prefer to avoid stairs. A potential trade-off is that living and sleeping areas are all on one level, which may offer less privacy than a multi-storey home.
5. Why is the lot size a significant feature?
At nearly 6,500 sqft, the lot is larger than over 78% of properties in Winnipeg. This provides ample private outdoor space for gardening, recreation, or future additions like a deck or shed, which is a premium in many urban areas.