Property Overview
This two-storey home on a large, 9,144 sqft lot in Elmhurst presents a compelling blend of space, established character, and location. Its primary appeal lies in its generous proportions—the 2,377 sqft living area is notably larger than most homes in Winnipeg—paired with a finished basement and a single attached garage. The property sits on one of the larger lots in the area, offering ample outdoor space in a mature neighbourhood.
While the home's 1970 build date places it among the older homes locally, it has been well-maintained. Its value is underscored by strong rankings for lot size, living space, and assessed value within its immediate streetscape and the wider city. This home would best suit a buyer looking for established community roots, who values interior space and a sizable yard over a newer build, and is comfortable with the maintenance considerations of a 56-year-old property. It’s a practical choice for a growing family or anyone seeking room to grow without moving to the city's outskirts.
Frequently Asked Questions
1. How does the age of the home affect its value and appeal?
While newer homes rank higher for modern features, this home’s age is offset by its significant lot size and above-average living space. It appeals to those prioritizing space and established neighbourhoods over a brand-new build.
2. What do the ranking percentages actually mean?
They show how this property compares to others. For example, its living area is in the top 4% city-wide, meaning it's larger than 96% of Winnipeg homes. Conversely, its age is older than about 52% of city homes, placing it in the middle of the range.
3. Is the large lot a major advantage?
Yes. At over 9,000 sqft, the lot size is in the top 5% on its street. This provides rare outdoor space for gardens, play, or expansion, which is increasingly uncommon in established neighbourhoods.
4. Who is the typical buyer for this home?
Given the space, it's ideal for families or multi-generational living. The finished basement adds flexible living or recreational space. It also suits buyers who have outgrown a starter home but wish to remain in a central, mature community.
5. How does the assessment value relate to the likely selling price?
The municipal assessment of $457,000 is a tax valuation, not a market price. However, ranking higher than 76% of Winnipeg homes for assessed value indicates the city views it as a substantial property. The market price will be influenced by current conditions, the home's condition, and its unique space advantages.