Property Overview
This 1983-built, one-storey home in Elmhurst offers a practical layout with 1,090 sqft of living space and a finished basement on a generous 5,249 sqft lot. Its key appeal lies in its established, quiet neighbourhood and its relative newness compared to most other houses on its street and in the broader area. The home ranks notably newer than 97% of houses on its street, suggesting a well-maintained property among mature surroundings. With a detached garage and a sizable yard, it provides classic suburban living with room for gardening or outdoor space. The finished basement adds valuable flexible living or storage space.
It would suit first-time buyers or downsizers looking for a manageable, single-level layout in a settled community. It’s also a sensible choice for a value-focused buyer who prioritizes a larger lot and a home that is newer than many of its neighbours, without requiring major updates.
Key Questions for This Property
1. What does the "ranking" data actually tell me?
The rankings compare this home against others on its street, in Elmhurst, and across Winnipeg. For example, being newer than 97% of homes on its street is a strong point, while its living area is more modest compared to others. This helps you gauge its relative standing in terms of size, age, and assessed value.
2. How might the finished basement be utilized?
The finished basement effectively expands the home’s usable space. It could serve as a family room, a home office, a guest area, or dedicated storage—adding significant functional value beyond the main-floor square footage.
3. What are the implications of a 1983 build year?
Homes from this era often feature modern wiring and insulation standards, potentially avoiding some issues found in much older properties. It’s worthwhile to check the age of major systems like the roof, furnace, and windows to understand upcoming maintenance.
4. Who might find the lot size particularly appealing?
At over 5,000 sqft, the lot is a standout feature for those interested in outdoor space, gardening, privacy, or future additions like a shed or deck. It offers more room than many newer properties.
5. How does the assessed value relate to the asking price?
The municipal assessment of $385,000 provides a benchmark for property taxes, but the market price is determined by current conditions. Comparing the assessment to the list price can offer insight into how the seller views the home’s market value.