Property Overview & Appeal
This 1974-built, single-story home in Elmhurst sits on a large, 8,627 sqft lot, which is its most defining asset. With 1,077 sqft of living space and a finished basement, it offers functional space for a small family or a couple. Its primary appeal lies in its established, quiet neighbourhood and the significant potential offered by the expansive yard—ideal for gardening, play, or future expansion. The property ranks highly within its community and city-wide for lot size, indicating a scarcity value for land in this area.
It would best suit a practical buyer looking for a solid starter or retirement home with room to grow outdoors, or an investor attracted by the below-average price point for the neighbourhood and the lot's future development potential. A thoughtful perspective is that while the home itself is modest in size and age, the land represents a durable asset in a mature area, offering a balance of immediate livability and long-term value.
Frequently Asked Questions
1. How does the age of the home affect its condition and costs?
Built in 1974, major components like the roof, windows, and mechanical systems may be at or beyond their typical lifespan. A thorough inspection is essential to budget for potential updates, though the home has likely had several systems updated over its 50-year history.
2. What are the advantages and disadvantages of not having a garage?
The lack of a garage means more yard space and lower property taxes, but it requires alternative solutions for vehicle storage and protection from Winnipeg winters. The large lot does provide ample room to add a garage or carport, subject to local bylaws.
3. The rankings show a high lot-size rank but lower living-area rank. What does this mean?
This highlights the property’s profile: you are purchasing a land value that outperforms most of the market, with a house that is functionally adequate but not large by modern standards. The value proposition is the land.
4. Is the finished basement included in the 1,077 sqft living area?
Typically, living area (sqft) refers to above-grade space. The finished basement is additional square footage, adding valuable flexible space for recreation, storage, or guests, but it is not counted in the official figure.
5. Why is the community ranking so much stronger than the street ranking?
This indicates that while the property is a strong performer within the broader Elmhurst community, Eldridge Avenue itself may have a mix of larger or more recently updated homes. It’s worth exploring the specific street to understand the immediate context.