Property Overview
This 1983-built, one-storey home in Elmhurst offers a practical layout on a large, nearly 6,900 sqft lot. Its key appeal lies in a balance of space, established location, and move-in readiness, featuring a finished basement and an attached garage. The home’s standout characteristic is its exceptionally large lot for the neighbourhood, providing ample outdoor space and future potential. Its rankings indicate a property that is newer than most on its street and in above-average condition for the wider city, though its living space is more typical for the area. It would suit first-time buyers or downsizers looking for a manageable single-level layout without sacrificing yard size, or an investor seeking a solid rental property in a stable community.
Key Details & FAQs
Key Characteristics & Appeal:
This is a grounded, no-fuss property. The primary appeal is the generous lot size—a relative rarity that offers privacy, room for gardening, or space for additions. The finished basement and attached garage add immediate functional value. Its strong "newness" ranking on the street suggests it may require less immediate updating than neighbouring homes. It best suits practical buyers who prioritize land over lavish interior square footage, and who appreciate an established neighbourhood with mature infrastructure.
Frequently Asked Questions:
1. What is the true value of the lot size?
At nearly 6,900 sqft, the lot is significantly larger than many in Elmhurst. This not only provides more private outdoor space but also represents long-term value, as such lots are increasingly scarce and could allow for future expansions like a garage addition or large deck, subject to city bylaws.
2. How does the "newness" ranking affect maintenance?
Being newer than 98% of homes on its street suggests major structural components (like roof, windows, foundation) are likely younger than those of immediate neighbours. This can translate to lower near-term capital risk and repair costs, a major consideration for budget-conscious buyers.
3. Who would this floor plan suit best?
With 1,104 sqft of living space on one level plus a finished basement, the layout is ideal for those seeking single-level living (like empty-nesters) or first-time buyers who need the flexible extra space from the basement. It may feel constrained for larger families needing multiple bedrooms or dedicated upstairs areas.
4. Are the rankings a sign of a good investment?
The rankings show a mixed picture: the home is newer than most on its street but has average living space for the area. Its strong city-wide assessment ranking suggests it is in above-average condition. This points to a stable property that has been maintained, rather than a dramatically undervalued opportunity.
5. What is the neighbourhood like?
Elmhurst is a mature, established community in Winnipeg. The high ranking for lot size within the community itself indicates this property is among the more spacious in the area, offering a sense of openness that might not be typical for the neighbourhood.