Property Summary: 22 Allbutt Place
Key Characteristics & Appeal
This two-storey home in Elmhurst is defined by its substantial scale and prime positioning within the market. Its core appeal lies in a rare combination: a very large, quarter-acre lot (11,172 sqft) paired with generous living space (2,551 sqft). The property consistently ranks in the top tier of its local area for lot size, living area, and assessed value, indicating it is a standout, high-calibre home for the neighbourhood.
The appeal is for buyers seeking established space and land without a premium for modern finishes. The home, built in 1987, offers a blank-canvas basement and no garage, presenting an opportunity for customization. It would perfectly suit a family valuing indoor and outdoor room to grow, or a buyer with plans for future upgrades, additions, or landscaping projects. The significant price appreciation between its 2021 and 2022 sales suggests strong market confidence in the location and property fundamentals.
Frequently Asked Questions
1. What does the "ranking" data mean?
The percentages show how this property compares to others. For example, ranking "better than 96% of Winnipeg" for lot size means it's among the largest 4% of all city lots, a significant advantage.
2. Is the unfinished basement a drawback?
Not necessarily. For some, it's a cost-saving feature, allowing the next owner to finish it to their own taste and needs without paying a premium for someone else's work.
3. There's no garage. How big of an issue is that?
This depends on buyer priorities. The large lot provides ample space to add a detached garage or workshop, which could be a future project. The trade-off is more yard space versus immediate covered parking.
4. The 2022 sale price is higher than the current assessment. Why?
Municipal assessments for tax purposes often lag behind rapid market shifts. The 2022 sale price is likely a more accurate reflection of its recent market value.
5. What might explain the large price increase from 2021 to 2022?
While markets were active, such a jump for a single property in a short time often indicates a significant change—possibly a major renovation, the resolution of a prior issue, or a unique circumstance in that sale. Reviewing the full listing history and any permits would be advisable.