Property Overview
This 1983 two-storey home in Elmhurst offers a well-established presence on a generous 5,197 sqft lot. Its key appeal lies in its above-average scale and finished condition, presenting a move-in ready opportunity. With 2,148 sqft of living space, it ranks in the top 10% of homes in its community for size, providing ample room for a growing family or those who value spacious interiors. The property includes a finished basement and an attached garage. Its current assessed value of $533,000 places it in the upper tier for the area, suggesting a home that has been maintained or updated relative to its peers.
The home suits buyers looking for a solid, spacious property in a mature neighbourhood without needing immediate major work. It’s particularly fitting for those who prioritize interior square footage over a brand-new build, and who appreciate the character and established landscaping of a 43-year-old home. A thoughtful perspective is that while the home ranks highly in size and value within its immediate area, its overall community ranking is more modest, indicating it's a larger home in a neighbourhood with a wide variety of property types and values—ideal for someone seeking space without necessarily being in the most expensive enclave.
Frequently Asked Questions
1. How does the home’s age affect its condition and potential costs?
Built in 1983, major components like the roof, windows, and HVAC system are likely at or beyond their typical lifespan. A thorough inspection is crucial to anticipate near-term maintenance or replacement costs, which should be factored into the budget.
2. The home ranks highly for size but lower within the broader community. What does this mean?
This suggests Elmhurst is a diverse neighbourhood with a mix of home sizes and values. You are getting a home that is large compared to most in Winnipeg, but not necessarily the most expensive on its street. This can be an advantage for buyers seeking space at a relative value.
3. Is the finished basement included in the 2,148 sqft living area?
Typically, living area (sqft) refers to above-grade space. The finished basement is an additional bonus area, providing extra functional space not reflected in that primary square footage figure.
4. What are the implications of the property’s assessment value?
The $533,000 assessment is used for calculating property taxes. While it can indicate market value, the actual sale price is determined by current market conditions. It does, however, confirm the home is considered a higher-value property in its area.
5. The lot is large, but how is the ranking calculated?
The lot size ranking compares this 5,197 sqft property to others on the same street and in the same community. Ranking in the top 25% on its street means it has a larger lot than most of its immediate neighbours, which is a positive for outdoor space and privacy.