Property Overview: 14 Epsom Crescent, Winnipeg
Key Characteristics & Appeal
This 1967-built, one-storey home in Elmhurst sits on a large, 7,537 sqft lot, offering a significant amount of private outdoor space that is rare in many newer subdivisions. With 1,159 sqft of living space and a finished basement, it provides practical, single-level living. Its key appeal lies in its established neighborhood setting and the value proposition of its generous lot size, which ranks within the top 13% of all properties in Winnipeg for land area. The home’s overall assessed value ranks higher than 60% of the city, suggesting a solid foundation of municipal valuation.
It would suit a buyer looking for a grounded, no-fuss property where the land itself is a major asset—perfect for someone with gardening ambitions, a desire for space between neighbors, or future expansion potential. It’s also a practical match for those seeking single-level living or a first home with room to grow, set in a mature community. A less obvious perspective is that while the home itself is older (ranking newer than only 6% in its community), this can represent an opportunity for buyers more interested in the land’s value and location than in modern interior finishes, allowing them to customize over time without paying a premium for recent renovations.
Frequently Asked Questions
1. What does the ranking data actually mean?
The rankings compare this property against others on its street, in Elmhurst, and across all of Winnipeg. For example, its land size is in the top 13% city-wide, which is a standout feature. Conversely, its build year is older than most in its immediate area, which is reflected in those rankings.
2. Is the finished basement included in the 1,159 sqft living area?
No, the 1,159 sqft refers to the above-ground living area. The finished basement is an additional space.
3. What are the implications of such a large lot?
Beyond privacy and space, a lot of this size (over 1/6 of an acre) may offer potential for additions like a large shed, garden, or deck. It’s important to check local zoning bylaws for any development or subdivision possibilities.
4. The home is older—what should I be mindful of?
Built in 1967, prospective buyers should prioritize a thorough inspection of major aging components like the roof, foundation, plumbing, and electrical systems to understand any upcoming maintenance or updates needed.
5. How does the assessed value relate to the likely selling price?
The municipal assessment of $380,000 is for tax purposes and provides a benchmark. The actual market price can be higher or lower based on current demand, condition, and specific features not captured in the assessment.