Property Overview & Key Characteristics
This 1958-built, one-storey home sits on an exceptionally large, 15,042 sqft lot in Elmhurst. Its primary appeal lies in the land itself, which is significantly larger than most properties in the area, offering rare potential for expansion, gardening, or outdoor living. With 1,121 sqft of living space and an attached garage, the house provides functional basics. The data suggests its strength is not in modern updates or size, but in its land value and established, quiet location. It ranks highly within its community and city for lot size, but lower for the age and assessed value of the home itself.
This property would suit a buyer looking for a long-term project—someone who values space and privacy over a turn-key home. It’s ideal for a family wanting a huge backyard, a hobbyist gardener, or a future builder planning to extensively renovate or eventually replace the existing structure. It’s less suited for those seeking modern finishes or a move-in-ready property without renovation plans.
Frequently Asked Questions
1. What does the lot size ranking actually mean?
The rankings show this property’s lot is larger than 98% of all residential lots in Winnipeg, making it a truly rare find for its generous outdoor space.
2. The house is older and smaller; is this a concern?
The home’s age and modest size are reflected in its lower rankings for those features and its assessment value. Buyers should view this primarily as a land purchase with an existing, livable structure that may require updates or significant investment over time.
3. Who would this property not be a good fit for?
It may not suit first-time buyers unprepared for potential renovation costs, or those seeking a modern, low-maintenance home. The value proposition here is future potential, not present-day luxury.
4. How should I interpret the low assessment value relative to the lot?
The assessment suggests the current improvements (the house) contribute less to the total value. This can indicate an opportunity to increase the property's total value through strategic upgrades, as the premium land is already in place.
5. Is the large lot size a burden for maintenance?
Yes, it requires more upkeep for lawn care, landscaping, and snow clearing. However, it also offers flexibility: portions could be left natural, dedicated to specific uses like a vegetable garden, or even potentially subdivided in the future, subject to city zoning approval.