Property Overview
This 1987-built bungalow in Elmhurst presents a compelling blend of space, established character, and a well-sized lot. Its key appeal lies in its generous proportions and strong standing relative to comparable properties. With nearly 1,900 sqft of living space, a finished basement, and a lot size over 6,800 sqft, it offers substantial room for a family. The data indicates it ranks highly—often within the top 10-20%—for its size, value, and relative newness when compared to most homes across Winnipeg, its community, and even its own street. This suggests a property that has been maintained and offers above-average metrics for the area.
The home is particularly well-suited for buyers seeking a move-in ready, single-story living layout in a mature neighbourhood. It would appeal to growing families needing the space, or to those looking to downsize from a larger home without sacrificing room for guests or hobbies, thanks to the finished basement. The strong rankings in assessed value and size also point to a solid, equity-rich property that may attract value-conscious buyers looking for a home with proven market stature.
Frequently Asked Questions
1. What does the ranking data actually mean?
The percentages show how this property compares to others. For example, being newer than 97% of homes on its street and larger than 94% of them indicates a premium, well-sized home for that immediate area.
2. Is the finished basement included in the 1,897 sqft living area?
Typically, "living area" refers to above-grade, heated square footage. The finished basement is an additional bonus space, adding significant functional room to the property's total usable area.
3. How might the home's age (built in 1987) affect a buyer?
Homes from this era often feature practical layouts and robust construction, but may require updates to cosmetic elements like kitchens or bathrooms. It represents a mature property where major systems may be nearing or have undergone key replacements.
4. The lot is large, but what is the potential like?
A lot of this size (over 6,800 sqft) in an established neighbourhood offers excellent outdoor space for gardening, play, or entertaining. It may also provide future potential for additions or landscaping projects, subject to local bylaws.
5. Why are the rankings for the community lower than for the street or city?
This can happen in diverse neighbourhoods. It suggests that while this home is a top-tier property on its specific street and outperforms most of Winnipeg, the immediate community of Elmhurst contains a mix of even larger or newer homes, providing a nuanced view of its local context.