Property Overview & Key Characteristics
This 1981-built, one-storey home in Elmhurst presents a practical and spacious family living option. Its primary appeal lies in its generous proportions, both indoors and out. With 1,875 sqft of living space and a 7,209 sqft lot, it offers more room than the majority of homes in Winnipeg, ranking in the top 15% for lot size and top 13% for living area. The property features a finished basement and an attached garage.
The home’s strength is its established, roomy footprint in a mature neighbourhood. It suits buyers looking for a single-level layout (or those planning for future accessibility) on a large, private lot with room for gardens, play, or expansion. It’s a solid choice for families or downsizers who prioritize interior space and yard size over a newer build. The 2019 sale at $478,000, below the current $520,000 assessed value, suggests market growth and a stable investment in a well-regarded area.
Frequently Asked Questions
1. How does the age of the home (built in 1981) affect things?
While not a historic property, a 45-year-old home will likely have had major components like the roof, windows, or furnace updated. A key question for the seller or a home inspector would be the age and condition of these systems, as some may be nearing or past their typical lifespan.
2. The lot is large, but how is it oriented and shaped?
The listing notes a 7,209 sqft lot, which is significantly above average. The practical value depends on its orientation (for sun exposure) and layout. Is it wide or deep? Is the backyard usable and private? Checking the street view and lot survey is highly recommended.
3. What does the "finished basement" include?
"Finished" can range from a basic rec room to fully developed bedrooms and a bathroom. Clarifying the basement's layout, ceiling height, and whether it includes legal egress windows or a separate entrance can greatly impact its utility and value.
4. The assessment is $520k, but what are similar homes selling for?
The assessed value is for municipal tax purposes. Current market value is determined by recent sales of comparable homes in Elmhurst. A real estate agent can provide a Comparative Market Analysis (CMA) to see if the assessment aligns with today's market conditions.
5. Why have there been two sales in the last 8 years?
The property sold in 2016 and again in 2019. This isn't inherently negative but is worth understanding. It could indicate a previous investor/flip, job relocation, or simply a change in the previous owner's needs. Reviewing the sale history and any visible improvements made between those dates can provide context.