Property Overview: 10 Epsom Crescent, Winnipeg
Section 1: Key Characteristics & Appeal
This well-situated Elmhurst bungalow presents a classic and practical home on a large, 7,537 sqft lot. Its key appeal lies in a balance of space, established location, and recent market validation. The home features a finished basement, adding valuable living area to the 935 sqft main floor, and includes the convenience of a detached garage.
The property’s strongest advantages are its generous land size—ranking in the top 13% across Winnipeg—and its desirable location within a mature neighbourhood. A recent sale in late 2023 at $442,000, above the current assessed value, suggests strong buyer confidence and a stable market footing for the area. While the home itself is of a modest size and from 1968, the significant lot offers potential for expansion, gardening, or simply enjoying ample private outdoor space—a growing priority for many.
This home would best suit a first-time buyer, a downsizer, or an investor seeking a character property in a solid neighbourhood. It’s ideal for someone who values a large yard over a large house and is comfortable with a home of vintage character that may benefit from personalized updates over time. The rankings indicate it’s a competitively sized lot in a well-regarded area, offering a foothold in a community that outperforms much of the city in terms of property dimensions.
Section 2: Frequently Asked Questions
1. How does the lot size compare to others in Winnipeg?
The property’s lot of 7,537 sqft is a significant asset, ranking in the top 13% of all residential properties in Winnipeg. This places it well above average and is a defining feature of this listing.
2. The home was built in 1968. What should I consider?
As a 58-year-old bungalow, buyers should budget for potential updates to major aging components like the roof, windows, or mechanical systems. A thorough home inspection is essential. The vintage also means the floor plan and room sizes may differ from newer builds, but the large lot offers future potential.
3. Why did it sell for more than its assessed value in 2023?
The sale price of $442,000 reflects the market value determined by a willing buyer and seller at that time, which can often differ from the city’s assessed value for tax purposes. This recent sale also provides a clear, up-to-date benchmark for the property’s worth.
4. The living area is listed at 935 sqft. Is that just the main floor?
Yes, the 935 sqft refers to the main living area of the bungalow. The home also includes a finished basement, which provides additional space but is typically not included in the official living area square footage.
5. What do the "rankings" on the page mean?
These rankings show how this property compares to others in its immediate street, the broader Elmhurst community, and all of Winnipeg. For example, ranking in the "top 13%" for lot size in Winnipeg means 87% of properties have smaller lots. It’s a quick way to gauge relative standing on metrics like size, age, and value.