This 1994-built, one-storey home in Elmhurst offers a practical layout with 1,417 sqft of living space on a generous 6,201 sqft lot. Its key features include an attached garage and an unfinished basement, providing a blank canvas for future expansion. The home’s appeal lies in its balance of established community roots and relative modernity compared to many in the area. It ranks notably newer than most homes in both the neighborhood and wider Winnipeg, suggesting a potentially lower immediate maintenance burden than older stock.
The property would suit first-time buyers or downsizers looking for a manageable single-level layout in a mature area. The large lot is a significant asset for those valuing outdoor space for gardening, play, or future projects. The unfinished basement makes it equally suitable for a handy buyer who wants to customize additional living space to their own taste and budget over time.
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What do the rankings actually mean for daily living? While the home ranks below average on its specific street for size and value, it ranks in the top tiers for being newer within the broader community and city. This suggests a street of larger, possibly higher-value homes, offering a stable environment, while this property itself may offer comparatively modern systems and components.
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How does the unfinished basement impact value and potential? It presents both an opportunity and a project. It lowers the immediate liveable square footage but allows for cost-effective customization (like a rec room, home office, or suite) without needing to remodel an existing, possibly dated, finish.
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Is the lot a pro or a con? The 6,201 sqft lot is a major positive for privacy, space, and greenery. However, it also means more yard maintenance. For some, this is a welcome hobby; for others, it's a consideration for ongoing time or expense.
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Who might the "35% better than the neighborhood" ranking appeal to? This metric indicates the home is more modern than many in Elmhurst. It could appeal to buyers who want the mature trees and established feel of the community but are wary of the upkeep challenges that can come with much older homes.
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Why is the assessed value notably lower than the asking price? This is a common point for discussion. Municipal assessments for tax purposes often lag behind current market conditions and may not fully reflect specific updates or the premium for a well-sized lot. It’s a starting point for understanding property taxes, not a definitive market value.