This is a well-maintained, single-storey home built in 1983, situated on a spacious 5,058 sqft lot in Elmhurst. Its key characteristic is balance: it offers a practical, fully finished basement and a split garage on a generous lot, all within a mature neighbourhood. The appeal lies in its solid foundation and relative value. While its 1,090 sqft living area is modest, the finished basement expands usable space, making it a functional layout for everyday living.
This property would best suit first-time buyers, downsizers, or practical investors looking for a low-maintenance, entry-level home in an established area. Its standout feature is its age relative to the immediate area—it is newer than 98% of homes on its street, suggesting it may have undergone updates or requires less immediate major maintenance than older neighbours. The lot size is also a significant asset, offering ample outdoor space uncommon in many newer subdivisions. Buyers should note that while rankings for size and value are average across the wider city, its newer build date within its specific street and community context is a distinct advantage.
-
What does the "newer than 98% of homes on its street" ranking mean practically?
It indicates this 1983 home is among the newest on its block. In a mature neighbourhood, this can mean comparatively newer major components (like roofing, windows, or foundation) and potentially less worry about outdated building materials common in mid-century homes.
-
Is the finished basement included in the 1,090 sqft living area?
No. The 1,090 sqft refers to the above-ground living space. The fully finished basement provides additional, valuable square footage for recreation, storage, or extra bedrooms.
-
How should we interpret the various ranking percentages?
They show how this home compares to others in three geographic tiers. For example, it ranks in the top half of Winnipeg for age and assessed value, but is more average for size within its own community. This highlights its strengths are in its modern build date and lot size rather than sheer interior square footage.
-
What is a "split garage"?
Typically, this describes a double garage where the two bays are separated by a wall or column, as opposed to one wide, open space. It can offer more flexible storage or workshop areas.
-
Does the assessed value match the likely asking or sale price?
The municipal assessment of $393,000 is for tax purposes and is a historical snapshot. The market price is determined by current conditions, recent comparable sales, and the home's specific features. It serves as a useful benchmark but not a definitive sale price.