This 1982 bi-level home sits on a generous 5,256 sqft lot in Winnipeg's Elmhurst neighbourhood. With 936 sqft of finished living space that includes a developed basement, it presents a practical, no-frills homeownership opportunity. Its appeal lies in its established location, larger-than-average lot, and a price point grounded by a recent municipal assessment of $362,000. The home suits first-time buyers seeking an entry into the market, downsizers looking for manageable space without a yard maintenance burden, or value-focused investors. It’s a property for those who prioritize land and location over square footage, seeing potential in what the home could become rather than in high-end finishes it may currently lack.
A less obvious perspective is its relative "newness" within its immediate area—built in 1982, it is newer than over half of the houses on its street, suggesting potentially fewer major age-related issues than some neighbours. However, its below-average size for the city means efficient use of the developed basement space will be crucial for comfortable living.
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How does the bi-level layout impact daily living?
Bi-levels feature split entryways with stairs leading immediately to both the upper and lower levels. This can offer good separation between living and sleeping areas, but it also means navigating stairs frequently. It's important to assess if this layout suits your household's mobility and lifestyle.
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What does the "finished basement" include, and is it legally permitted?
Given the modest main-floor square footage, the basement finish is key to the home's functionality. It's essential to verify what rooms are downstairs (e.g., bedroom, living area), the quality of the finish, and whether any renovations were completed with proper permits to ensure safety and compliance.
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The lot is large, but what is its condition and potential?
A 5,256 sqft lot is a significant asset. Beyond size, consider its current landscaping, sun exposure, drainage, and any established trees or gardens. This space offers room for additions, a deck, or gardening, but may also require upfront investment or upkeep.
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How do the ranking metrics translate to real-world value?
The data shows the home ranks highly for lot size but low for living area in its community. This highlights the trade-off: you are acquiring a property with land value that outperforms many peers, but the dwelling itself is more compact than most in the area.
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The 2019 sale price was $281,000. What's changed since then?
Understanding the context of that last sale is important. Inquire about any updates, systems replacements, or neighbourhood changes that have occurred in the past five years to gauge if the current asking price reflects added value or broader market movement.