Property Overview & Key Characteristics
This 1978 two-storey home in Elmhurst offers 1,107 sqft of living space on a 2,770 sqft lot. Its key appeal lies in its relative value and established neighborhood setting. The home features a finished basement, adding functional space. The data suggests a property that is older than most in Winnipeg but newer than many on its own street, presenting a mix of classic construction in a mature area.
Its primary suit would be first-time buyers or practical investors seeking an entry point into the market with immediate livable space. The very modest lot size compared to the neighborhood and city, however, indicates minimal outdoor private space, which may not suit those prioritizing a yard. The rankings show it competes well on size and age within its immediate street, but struggles in broader community comparisons on value and lot size, hinting at a home that is a stronger fit for someone focused on the specific block rather than neighborhood-wide amenities.
Frequently Asked Questions
1. What does the "ranking" data actually mean?
It shows how this property compares to others in specific categories. For example, being newer than 80% of houses on its street is a positive local point, but being on a larger lot than only 1% of street neighbors highlights the compact nature of most yards on this block.
2. Is the finished basement included in the 1,107 sqft living area?
Typically, the listed living area (sqft) refers to above-grade space. The finished basement is an additional area, adding usable rooms or recreation space not reflected in that main square footage figure.
3. The assessed value is higher than the 2017 sale price. Is that normal?
Yes, assessments are for taxation and reflect market estimates at a point in time. The 2017 price is historical. The current assessment suggests the municipality views the property's taxable value as having increased since that last sale.
4. There's no garage. Is street parking readily available?
As a standard two-storey in an older neighborhood, street parking is common. You should verify any permit requirements or seasonal parking restrictions directly with the city.
5. The home is older. What should I be mindful of?
Built in 1978, major systems (like roof, windows, furnace, plumbing) are likely at or past their typical lifespan. A thorough inspection is crucial to understand the condition and potential near-term maintenance or replacement costs.