This 1960-built, one-storey home sits on an exceptionally large, approximately 12,000 sqft lot in Winnipeg's Elmhurst neighbourhood. Its primary appeal lies in the land itself—the property ranks in the top 4% of Winnipeg for lot size, offering rare potential for expansion, gardening, or outdoor living. The house, with 969 sqft of living space and an unfinished basement, presents a straightforward, functional layout. Its value is grounded in its position within a desirable community, where it ranks in the top 7% for lot size. This property is ideally suited for a buyer looking for a solid foundation in a prime location, who views the existing house as a starting point. It’s a fit for those prioritizing future potential and outdoor space over immediate move-in finish, appealing to long-term planners, downsizers seeking garden space, or investors recognizing the value of land in a well-ranked area.
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What does the "unfinished basement" entail?
This indicates a basement with raw concrete walls and floors, lacking developed living space. It represents both a project and an opportunity for future customization, whether for storage, a workshop, or eventual conversion into additional rooms.
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How does the 1960 build year affect the home?
While the structure has proven its durability, buyers should budget for updates to major aging components. The era suggests the potential for original plumbing, electrical, and windows, which may require inspection and modernization over time.
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What is the significance of the lot size rankings?
Ranking better than 96% of Winnipeg homes for lot size is a standout feature. It means the property offers a level of privacy, space, and possibility that is increasingly uncommon, which is a long-term asset not easily replicated.
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Why is there a difference between the lot ranking and the living space ranking?
The home ranks highly for its land but lower for its interior square footage. This highlights the property's dynamic: you are purchasing significant land with a modest-sized home on it. The value proposition is weighted toward the property, not the current structure's size.
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What can the assessment value tell me?
The $366,000 assessment is a municipal valuation for tax purposes. It provides a benchmark, but the market sale price is determined by current buyer demand, recent comparable sales, and the unique appeal of this large lot.