Property Summary: 26 Epsom Crescent, Winnipeg
Key Characteristics & Appeal
This is a spacious, well-established two-storey home in Elmhurst, built in 1968. Its primary appeal lies in its generous 8,657 sqft lot and a finished basement, offering significant space for family living, entertaining, or future projects. With 1,554 sqft of living space and a double attached garage, it provides practical, comfortable accommodation.
The home's standout feature is its strong relative value within the broader market. It ranks in the top 25% of Winnipeg homes for living space and the top 23% for assessed value, suggesting it offers more square footage and perceived value than many comparable properties. This positions it as a solid, value-conscious choice in its category. Its appeal is further grounded in a mature neighborhood setting, as indicated by its age ranking within Elmhurst.
This property would best suit buyers looking for a established home on a large lot who prioritize space and value over a brand-new build. It's ideal for a growing family needing room to spread out, or for someone who appreciates the character and larger parcel sizes of mature neighborhoods. The finished basement adds immediate functional living space, making it move-in ready for those needing extra rooms for hobbies, guests, or a home office.
Frequently Asked Questions
1. How does the home's age affect its condition and potential costs?
Built in 1968, the home is part of a mature neighborhood. While it has been maintained, prospective buyers should factor in the potential for age-related updates (like roofing, windows, or major systems) during a home inspection, which is typical for houses of this vintage.
2. What do the ranking percentages actually mean for me?
They show how this home compares to others in the immediate area and city. For example, ranking in the top 9% of Winnipeg for lot size means you're getting a much larger yard than most properties city-wide. The high rankings for value and living space suggest it may be a competitively priced option for its size.
3. The lot is large. Are there any restrictions on how it can be used?
With over 8,600 sqft, there is potential for landscaping, gardening, or adding structures like a shed. Always check with the City of Winnipeg's zoning bylaws for specific rules on setbacks, coverage, and permitted ancillary buildings before making plans.
4. How does the 2019 sale price relate to the current assessed value?
The home sold for $430,000 in 2019 and is now assessed at $469,000. This increase reflects market changes and assessment evaluations over five years. The assessed value is used for calculating property taxes, while the final sale price is determined by the current market.
5. The home ranks lower for "newness" in Elmhurst. Is this a concern?
This ranking indicates the neighborhood has many homes of a similar or older age, which is typical for established, sought-after areas. It doesn't reflect the individual home's condition but confirms the character of the community as mature and stable.