Property Overview: 42 Ascot Bay
Key Characteristics & Appeal
This 1969-built, one-storey home in Elmhurst sits on a large, mature lot of over 7,100 sqft, offering a rare sense of space and privacy for the area. Its key appeal lies in this established setting combined with a practical, single-level layout of approximately 1,219 sqft and a finished basement. The home presents a solid, no-fuss foundation in a quiet neighbourhood. Its competitive rankings are noteworthy: it outperforms 84% of all Winnipeg homes in lot size, indicating an exceptionally generous yard, while its building age is newer than most on its street. This combination suits buyers looking for a manageable, ground-level home with significant outdoor space for gardening, play, or future expansion. It would particularly appeal to downsizers, first-time buyers seeking a starter home with room to grow, or practical investors attracted by the large lot value and the low-maintenance single-storey design. A thoughtful perspective is that while the interior finishes may reflect its era, the property’s true long-term value is anchored in its land—a sizable, flat parcel in a mature community that is increasingly difficult to find.
Frequently Asked Questions
1. What does the "finished basement" include?
The listing confirms a finished basement but does not specify the extent. Buyers should inquire about the ceiling height, the quality of the finish, the presence of moisture-proofing, and whether it includes a bathroom or legal egress windows.
2. Why is there no garage, and what are the parking options?
The property has no garage. Prospective buyers should assess the driveway space for off-street parking and confirm local regulations for on-street parking, especially during winter months.
3. How does the 1969 construction year affect the home?
While newer than most on its street, a home from this era may have original major systems (like plumbing, electrical, roof, and windows). A thorough inspection is recommended to budget for potential updates or to confirm their remaining lifespan.
4. The lot is large, but what is its condition and potential?
The nearly 7,200 sqft lot is a major feature. Buyers should view the property to assess the landscape, tree health, drainage, and the orientation for sunlight. Its size offers potential for additions, a large garden, or a future garage, subject to local zoning bylaws.
5. The assessment value is lower than the asking price; what does this mean?
Municipal assessments are for tax purposes and often lag behind the current market. The sale price is determined by supply, demand, and recent sales of comparable properties, not the assessment. It’s a starting point for discussion, not a market valuation.