Property Overview & Key Characteristics
This 1969-built, single-story home in Elmhurst sits on a generous 7,527 sqft lot, offering a rare combination of space and established charm. Its primary appeal lies in its excellent relative rankings within its immediate area: it boasts a very large lot size that surpasses 87% of all Winnipeg properties, and its living area of 1,360 sqft is notably spacious for its street and neighborhood. The home presents a solid, grounded opportunity, particularly for a buyer who sees potential in a property's foundational strengths rather than just its current finish.
The home would suit a practical buyer—perhaps a growing family, a hands-on individual, or an investor—who values space and location over turn-key perfection. The large, private lot is a significant asset for future enjoyment or expansion, while the unifinished basement offers a blank canvas for customization. Its strongest rankings are in lot size and living area, suggesting you're paying for valuable "bones" and space rather than recent upgrades. A thoughtful buyer might see this as a chance to invest in a well-located property where the value is in the land and the structure's potential, allowing for personalization over time.
Frequently Asked Questions
1. What does the "relative ranking" data actually mean?
It shows how this property compares to others in its immediate street, broader neighborhood, and all of Winnipeg for specific metrics. For example, ranking in the "top 13%" for lot size in Winnipeg means 87% of city properties have smaller lots, highlighting a key strength.
2. The assessment value seems low compared to the lot and living area rankings. Why?
Municipal assessments often lag behind market values and heavily factor in the home's age and current condition (like an unfinished basement). The lower assessment here likely reflects the original build state and lack of recent major renovations, not the underlying value of the large lot and spacious footprint.
3. Is the 1969 build date a concern?
While the age means systems (roof, wiring, plumbing) may need evaluation or updating, it also often comes with solid construction and mature landscaping. Its ranking as newer than 97% of homes on its street is a positive, indicating a relatively younger home in an established area.
4. Who would this property NOT be ideal for?
It may not suit buyers seeking a move-in-ready home with modern finishes, or those unwilling to take on a project. The lack of a garage and unfinished basement means immediate utility and storage solutions would need to be considered.
5. What's the real value proposition here?
You are primarily acquiring space and location. The value is in the large, private lot and the spacious floor plan in a mature neighborhood. It's a property where your investment and sweat equity can directly increase the value, rather than paying a premium for someone else's renovations.