118 Avril Lane

Property Overview & Key Characteristics

This 1983-built two-storey home in Elmhurst offers a classic layout with over 2,000 square feet of living space on a generous 5,197 sqft lot, featuring a finished basement and an attached garage. Its primary appeal lies in its well-above-average interior space compared to most Winnipeg homes, ranking in the top 9% citywide for size, providing ample room for a growing family or those who value spaciousness. The property sits in a mature neighbourhood with established homes, offering a sense of stability.

The home is a solid contender for practical buyers—perhaps a family looking for their long-term home who appreciates having renovation and customization projects spread out over time. Its value proposition is rooted in space and lot size rather than modern finishes, suiting those comfortable with a home that has good bones but may benefit from personal updates. A thoughtful perspective is that while its ranking within its immediate neighbourhood is modest, its city-wide rankings for size and assessed value are strong, suggesting it represents good value for the square footage compared to the broader market, but may face more direct competition from similar-era homes on its own street.

Frequently Asked Questions

1. How does the home’s condition compare to others on the street?
The rankings indicate that, while the home's size is above average for the street, its assessed value and recent past sale price rank in the middle to lower third among immediate neighbours. This often suggests the home may be perceived as dated or in need of updates compared to others on Avril Lane, which is a key factor to consider in both valuation and potential renovation budgeting.

2. Is the finished basement included in the 2,020 sqft living area?
Typically, the listed "居住面积" (Living Area) in Manitoba refers to above-grade, heated square footage. The finished basement is an additional bonus space not included in that 2,020 sqft figure, adding to the home's functional space.

3. The 2019 sale price seems low relative to the current assessment. What does this mean?
The 2019 sale ranked very low on the street, likely a below-market transaction at the time. The current assessment has risen significantly and now ranks much higher citywide. This large gap highlights the market's appreciation but also means property taxes are based on the newer, higher valuation.

4. What are the implications of the "middle-of-the-pack" community rankings?
Ranking in the 40th-60th percentile for age and past sale in Elmhurst means this home is very typical for the area. You're not overpaying for a premier lot or view, but you're also not getting a standout bargain. It represents the core stock of the neighbourhood.

5. Who might this property not suit?
It may not suit buyers seeking a move-in-ready home with contemporary finishes, or those prioritizing top-tier standing within their immediate micro-neighbourhood over sheer interior space. The data suggests value is found in its size and lot, not in recent high-end upgrades.