3 Apex Street

Property Overview & Key Characteristics

This 1982-built, four-level split home at 3 Apex Street offers a compelling mix of space, established charm, and a solid position within its Elmhurst neighborhood. Its primary appeal lies in its generous proportions: with over 2,100 sq ft of living space on a large, nearly 7,000 sq ft lot, it provides ample room for a growing or multi-generational family. The home ranks highly for its size, placing in the top 10% within the community and top 7% citywide, which is a significant advantage in an established area.

The property suits buyers looking for a "blank canvas" home with proven long-term value. It’s ideal for those who appreciate the character of a well-maintained 80s build and have the vision to update interiors over time. The unfinished basement presents a clear opportunity for customization and added value. While the assessment value has risen since its 2019 sale, its price point and rankings suggest it remains a competitively positioned, value-conscious entry into a mature neighborhood. A thoughtful perspective is that this home represents a balance—it offers more space than most in the area without the premium price tag of a fully modernized property, making it a strategic choice for buyers prioritizing square footage and lot size over turn-key finishes.

Frequently Asked Questions

1. What is the true condition of the home, given its age?
Built in 1982, the home is well into its lifecycle. Prospective buyers should prioritize a thorough inspection focusing on major age-related systems: the roof, windows, plumbing, electrical, and the HVAC system. Its strong ranking for size indicates the structure is sound and spacious, but budget should be allocated for potential updates.

2. How does the unfinished basement affect value and utility?
The basement is a key opportunity. It adds immediate utility for storage or a workshop, and its unfinished state allows for future customization—like a rec room, home office, or secondary suite—without needing to undo previous renovations. This adds potential value but requires an upfront investment.

3. What do the ranking percentages actually mean for daily life?
The rankings are relative indicators. For example, ranking in the top 17% in Winnipeg for size means you get more house than most in the city. However, ranking in the top 83% on its street for assessed value suggests it may be one of the more modestly valued homes on Apex Street, which could be advantageous for property taxes relative to your immediate neighbors.

4. Is the 2019 sale price relevant today?
The $390,000 sale price five years ago provides a historical benchmark, showing the property's appreciation trajectory. The current assessed value of $454,000 reflects market changes and improvements since then. It’s a useful data point for understanding trends, but offers should be based on a current comparative market analysis.

5. What type of lifestyle does the Elmhurst neighborhood and this lot size support?
With a large lot in an established neighborhood, the property supports a quiet, settled lifestyle with space for gardening, play, or outdoor entertaining. The four-level split layout offers separation of living spaces, well-suited for family life. Its rankings suggest it’s a spacious property on a street with a mix of home values, offering a sense of community without uniformity.