Property Overview
18 Epsom Crescent is a well-established bi-level home in Winnipeg's Elmhurst neighbourhood. Its primary appeal lies in offering solid value and space on a large, mature lot. The home is suited to first-time buyers, downsizers, or investors seeking a functional property with renovation potential in a quiet, family-oriented area.
Key Characteristics & Appeal
Built in 1968, this home presents a practical opportunity. The 988 sqft of living space is supplemented by a finished basement, effectively doubling the usable area. The standout feature is the 7,537 sqft lot, which is significantly larger than many modern properties, offering ample outdoor space for gardening, play, or future expansion. Its rankings indicate it sits on a desirable piece of land, outperforming 87% of Winnipeg homes for lot size.
The home’s appeal is grounded in its fundamentals rather than luxury finishes. It suits a buyer comfortable with a property that reflects its era, seeing potential in its good bones and generous yard. It’s a pragmatic choice for those prioritizing land value and location over turn-key perfection. The 2016 sale price provides a clear benchmark, suggesting room for equity growth through updates.
Frequently Asked Questions
1. What is the neighbourhood like?
Elmhurst is a mature, established community with a mix of long-time residents and young families. It’s known for its quiet, tree-lined streets and larger lot sizes, offering a suburban feel within the city.
2. Is the basement a legal suite?
The listing notes a finished basement but does not specify it as a legal secondary suite. Buyers interested in rental income should consult with the city to verify zoning and licensing requirements for a potential suite.
3. What does the "ranking" data mean?
The rankings compare this property against others on its street, in Elmhurst, and across all of Winnipeg for metrics like lot size and age. For example, ranking in the top 13% for lot size in Winnipeg highlights the property's standout outdoor space relative to the market.
4. What might a buyer need to budget for immediately?
Given the home's age (58 years), prudent buyers should budget for updates to major aging systems, such as the roof, windows, or furnace. An inspection is essential to identify priorities.
5. How does the assessed value relate to the likely selling price?
The $377,000 assessment is for municipal tax purposes. The sale price will be determined by the current market. The 2016 sale price of $340,000 provides historical context, but the final price will depend on condition, market demand, and the value buyers place on the large lot.