Property Overview
This two-storey family home on a generous 5,197 sqft lot in Elmhurst presents a practical opportunity. Built in 1981, its key features include a fully finished basement and an attached garage. With 1,628 sqft of living space, it offers room to grow. The appeal here is grounded in space and value: the lot size is well above average for the area, providing private outdoor room that is harder to find in newer subdivisions. Its finished basement adds immediate functional space without the need for renovation.
This property would suit a buyer looking for a solid, no-frills family home who values a larger yard over a newer build. It’s a practical choice for those comfortable with a home of this vintage, possibly seeing potential in its established structure and lot. The rankings suggest it’s a competitively sized home city-wide, but it’s important to note it ranks lower on metrics like assessed value within its immediate street and neighborhood, which could indicate an opportunity for a value-conscious buyer or a point for negotiation.
Frequently Asked Questions
1. What do the ranking percentages actually mean?
They show how this property compares to others in specific categories. For example, its lot size ranks in the top 25% on its street, meaning it's larger than most nearby. Conversely, its assessed value is in the top 97% (59th out of 61) on its street, indicating it has one of the lower assessed values among its closest neighbors.
2. Is the age of the home (45 years) a concern?
It means major components like the roof, windows, and mechanical systems are likely at or beyond their typical lifespan. A thorough inspection is essential, but this age also often comes with established neighborhoods, mature landscaping, and more character than newer builds.
3. The lot is large, but what’s the condition of the home itself?
The listing highlights the finished basement and living area size. The rankings show the home's living space is above average for Winnipeg but more modest within its own community. Focus should be on the interior layout, updates, and the condition of the finishes, as the value appears to be weighted toward the land.
4. Why is the assessed value ranking so low on the street?
A lower assessment relative to neighbors can be due to many factors, including differences in updates, condition, or additions. It doesn't necessarily reflect market value but could be a point of discussion regarding property taxes and potential purchase price.
5. What’s the neighborhood (Elmhurst) like for families?
As an established area, Elmhurst typically offers mature tree canopy, settled community feel, and older amenities. It's wise to research local schools, transit routes, and recent sales in the area to gauge its current dynamics and suitability for your family.