Property Overview: 38 Apex Street, Winnipeg
Key Characteristics & Appeal
This 1981 two-storey home in Elmhurst sits on a large, approximately 6,469 sqft lot, offering more outdoor space than most properties in the city. With 1,329 sqft of living space and a finished basement, it provides practical, multi-level living. The home’s core appeal lies in its established neighbourhood setting and its above-average lot size, which ranks within the top quarter of all Winnipeg properties for land area. While the house itself is of a typical size for its era, the significant yard presents a clear value-add opportunity for gardening, expansion, or simply enjoying private outdoor space—a feature becoming increasingly rare. It suits buyers looking for a solid, no-frills family home in a mature area, who prioritize land over a recently built structure and see potential in personalizing both the interior and exterior over time. The finished basement and attached garage add immediate, practical utility.
Frequently Asked Questions
1. How does the lot size compare to newer subdivisions?
At nearly 6,500 sqft, this lot is substantially larger than those typically found in modern developments, where lots are often 4,000 sqft or less. This is one of the property's standout features.
2. What does the assessment value tell us?
The municipal assessment of $453,000 is a benchmark for property taxes and often lags behind market value. That it ranks higher than 75% of Winnipeg homes suggests the property is considered well-above average by the city assessor, likely due to the lot size and finished condition.
3. Is the age of the home a concern?
Built in 1981, major components like the roof, windows, and mechanical systems may be at or beyond their typical lifespan. A thorough inspection is advised to budget for any necessary updates, which is common for homes of this vintage.
4. Who would this property suit best?
It's an excellent fit for practical buyers—families, DIY enthusiasts, or those wanting room to breathe—who value space over a turn-key modern finish. The large yard is ideal for children, pets, or future projects like a deck or garden.
5. How competitive is this home in its immediate area?
The data shows it ranks highly for lot size on its street but is more average in terms of living space and building age within the broader Elmhurst community. This indicates you're buying primarily for the land and the solid foundation of a house, not for the largest or newest home on the block.