Property Overview
This 1985-built, one-storey home on a large, 6,927 sqft lot in Elmhurst presents a solid, move-in-ready opportunity. Its key appeal lies in a combination of space, established location, and recent market validation. The 1,555 sqft living area includes a finished basement, providing ample room for a growing family or those who value single-level living with extra flexible space. A notable strength is its substantial lot size, which ranks highly within Winnipeg and offers significant outdoor potential.
The home suits practical buyers looking for a established neighbourhood character without the premium of a brand-new build. It’s particularly well-matched for first-time buyers seeking a house with immediate livability, or downsizers who want main-floor living but still desire generous indoor and outdoor space. The 2022 sale price suggests it was a competitive property in the recent market, and its current assessed value may present an opportunity for value-conscious purchasers. A less obvious perspective is that while the home’s age places it in the middle of the pack on its street, its above-average rankings for lot size and recent sale price within the wider city indicate its underlying assets are strong relative to many Winnipeg properties.
Frequently Asked Questions
1. How does the 2022 sale price compare to the current asking price?
The provided data shows a sale price of $560,000 in August 2022. The current list price is not included in this summary, so a direct comparison requires checking the latest listing. The 2022 price is a strong recent benchmark for the property's market value.
2. What does the "finished basement" include?
The listing confirms the basement is finished, meaning it has been developed into livable space (such as rec rooms, bedrooms, or offices). The specific layout, ceiling height, and finishes would need to be verified through a viewing or listing photos.
3. Is the large lot a maintenance burden or an opportunity?
This depends on the buyer's lifestyle. The nearly 7,000 sqft lot offers great potential for gardening, play space, or future additions like a deck or shed. Buyers should consider the ongoing upkeep (lawn care, landscaping) as part of their decision.
4. How does the home's age (1985) affect things?
Homes from this era often have modern fundamentals like updated electrical systems. While major components like the roof or furnace may be due for inspection or replacement due to age, this is typically reflected in the pricing, making it a known quantity for savvy buyers.
5. What is the neighbourhood feel of Elmhurst?
As an established Winnipeg neighbourhood, Elmhurst typically offers mature trees, settled communities, and a mix of long-time residents and new families. Its rankings show it is a mid-range community for lot and home size, suggesting a comfortable, average density rather than tightly packed or sprawling estates.