Property Overview
22 Epsom Crescent is a well-established bi-level home in Winnipeg's Elmhurst neighborhood, offering a classic and spacious residential setting. Its appeal lies in its generous, mature lot and a practical layout that provides clear separation between living and sleeping areas. The home suits buyers looking for a solid, no-frills property with room to grow, either for a family or as a long-term investment. It’s particularly well-matched for those who value outdoor space over a brand-new build and are comfortable with a home that has good “bones” but may benefit from personal updates over time.
A less obvious perspective is its competitive positioning within the broader Winnipeg market. While the home itself is average-sized for its immediate area, its lot size and total property value rank highly city-wide, suggesting the land itself holds significant value. This makes it a prudent choice for buyers thinking about long-term appreciation, where the potential of the property could outweigh the current state of the 1968-built structure.
Key Details & FAQs
- Style: Bi-Level
- Bedrooms/Bathrooms: Information not provided in supplied text.
- Living Area: 1,078 sqft
- Lot Size: 7,767 sqft
- Year Built: 1968
- Basement: Finished
- Garage: Detached
- Last Sale: December 2020 for $367,000
- City Assessment: $392,000
Frequently Asked Questions
1. What is a bi-level layout, and what are its pros and cons?
A bi-level home features two levels separated by a short staircase from the main entry. Typically, the entry leads to a landing with stairs going up to the main living areas (kitchen, living room, bedrooms) and down to a lower level (often with a family room, utilities, and additional space). The style offers good separation of space and often feels larger than its square footage suggests, but the split entry can mean more stairs for daily living.
2. How does the lot size compare to typical properties?
At 7,767 sqft, the lot is substantially larger than many in Winnipeg, ranking in the top 12% city-wide. This is a major asset, providing ample yard space for gardening, recreation, or future expansion like a deck or shed, which is increasingly rare in newer subdivisions.
3. The home was built in 1968. What should I consider?
While the structure is sound, a home of this age will likely have had some systems updated. A key focus for a buyer should be the condition of major components like the roof, windows, plumbing, and electrical, which may be original or have been replaced at various times. The finished basement is a plus, but its condition and any moisture control measures should be verified.
4. The assessment is higher than the 2020 sale price. What does that mean?
The city's assessed value of $392,000 is an estimate for taxation purposes and is influenced by broader market trends. The 2020 sale price of $367,000 reflects the market at that specific time. The current list price will be determined by the seller based on today's market conditions, recent comparable sales, and the property's unique features.
5. Who would this neighborhood, Elmhurst, suit?
Elmhurst is a mature, established neighborhood with larger lots and a mix of classic home styles. It suits buyers seeking a quiet, residential feel with a sense of space between homes, often appealing to families and those looking for a long-term community. Its rankings show it offers good value relative to the wider city.