Property Overview & Appeal
This 1984-built four-level split home in Elmhurst offers a blend of established character and above-average space. Its key appeal lies in its generous 9,620 sqft lot and a finished basement, providing ample room for living and recreation. The home ranks highly within its community and across Winnipeg for its lot size, living area, and overall assessed value, indicating a strong, competitive position relative to peers. It would particularly suit buyers looking for a established home in a mature neighbourhood who prioritize outdoor space over a brand-new build, and who see value in a property that outperforms a significant majority of local listings on key metrics like square footage and lot size.
Frequently Asked Questions
1. What does the "ranking" data actually mean?
The rankings show how this property compares to others in its immediate street, broader community, and all of Winnipeg. For example, ranking in the top 7% city-wide for lot size means the property's yard is larger than 93% of homes in Winnipeg, a notable advantage for privacy and outdoor use.
2. Is a 42-year-old home a concern?
While the age suggests some systems may be due for updates or careful inspection, it also indicates a well-established neighbourhood with mature landscaping. The rankings show the home is newer than 66% of properties in Winnipeg, placing it in a relatively younger segment of the city's housing stock.
3. How should I interpret the assessment value versus the asking price?
The municipal assessment of $486,000 is for tax purposes and reflects a historical valuation. It indicates the home is valued above 80% of Winnipeg properties, providing a benchmark. The listing price is set by the seller based on current market conditions and may differ.
4. What are the practical implications of a four-level split design?
This layout typically offers good separation of living spaces across multiple half-levels, which can be great for noise buffering between living and sleeping areas. However, it also means more interior stairs to navigate daily, which is a consideration for mobility.
5. The home ranks highly for size, but lower for assessed value on its street. Why might that be?
This can happen on a street with diverse properties. It suggests that while this home has a large lot and footprint, some neighbouring homes may have higher-end finishes, more recent renovations, or other features that increase their assessed value. It highlights the importance of viewing the interior condition and updates.