Property Overview & Key Characteristics
This 1981-built, one-storey home in Elmhurst offers a practical and comfortable living space on a generous, mature lot. Its key appeal lies in its balance of established neighborhood character, functional layout, and solid relative value within the broader Winnipeg market. The home features 1,209 sqft of living space, a finished basement, and an attached garage. With a lot size of nearly 6,000 sqft, it provides ample outdoor space—a notable asset in a mature area.
The property’s competitive positioning is grounded in data: it ranks above the Winnipeg average for lot size, age, and assessed value, suggesting a well-regarded location and a property that has kept pace with market trends. It particularly stands out for its above-average assessment value, ranking higher than 72% of Winnipeg homes. This isn't a brand-new build, but a home with established roots, offering move-in readiness without the premium of a recent construction. It would suit first-time buyers seeking a manageable single-level layout, downsizers looking for a low-maintenance yard in a settled community, or value-oriented investors attracted by its strong assessment fundamentals and rental-friendly configuration.
Frequently Asked Questions
1. What does the "relative ranking" data actually mean for a buyer?
The rankings show how this property compares to others in its immediate street, neighborhood, and all of Winnipeg for specific metrics. For example, ranking better than 64% of Winnipeg homes for age means it is newer than a clear majority of city properties, which can be reassuring regarding the potential stage of major components like roofing or windows.
2. The home is 45 years old. What should be the focus of a home inspection?
Given the age, an inspector should pay particular attention to the condition of the original building envelope (siding, windows), the roof, the foundation for any settling common in mature neighborhoods, and the major mechanical systems (furnace, electrical) which may be nearing or have undergone updates.
3. How does a finished basement impact living space and value?
The finished basement adds flexible space for recreation, guests, or a home office, effectively increasing the usable area beyond the 1,209 sqft main floor. It’s a functional upgrade that enhances daily livability, though official living area calculations typically only include above-grade square footage.
4. Is the lot size a significant advantage here?
Yes. At 5,871 sqft, the lot is larger than many in newer subdivisions. This allows more privacy, gardening space, and room for additions like a deck or shed. In established areas, larger lots are a finite resource and contribute to long-term value.
5. The assessment value is notably high relative to the home's age and size. What could explain this?
A higher assessment often reflects a combination of the desirable lot size, the finished basement, overall property condition, and the general desirability of the Elmhurst neighborhood. It suggests the municipal assessor sees solid value here, which can be a positive indicator, though the final market price is determined between buyer and seller.