Property Overview & Key Characteristics
This 1968-built, one-storey home on a large 6,796 sqft lot in Elmhurst offers a practical and grounded opportunity. Its key appeal lies in the combination of a spacious, private yard—a rarity that provides ample room for gardening, play, or future expansion—and a finished basement that adds valuable flexible living space to the 1,014 sqft main floor. The home presents as a solid, no-frills property that ranks favorably for its lot size within Winnipeg overall.
Its straightforward layout and single-level design (with additional basement space) would suit first-time buyers looking for a manageable footprint with room to grow outdoors, or downsizers seeking a bungalow-style home with minimal stairs. It’s a property for those who value potential and land over turn-key modern finishes, appealing to practical buyers comfortable with a home that has character and may benefit from personal updates over time.
Frequently Asked Questions
1. How does the large lot size impact property value and upkeep?
A lot of this size is a significant asset, offering privacy and possibilities not found in newer subdivisions. It can enhance long-term value but also requires more maintenance for landscaping, snow clearing, and general upkeep compared to a standard city lot.
2. What should I consider about the home’s age (built in 1968)?
While the structure has proven durable, a home of this age may have original major systems, like plumbing, electrical, or the roof, that are nearing or past their typical lifespan. A thorough inspection is crucial to understand the condition and plan for any necessary updates.
3. The finished basement adds space, but are there any concerns?
It’s important to verify the quality of the finish, ensure proper moisture control and insulation are in place, and confirm that any additional bedrooms or living spaces meet egress and safety standards.
4. The home ranks highly for lot size but lower for living area. What does this mean?
This indicates you are primarily investing in the land and location. The living space is modest relative to the property footprint, which is typical for bungalows of this era. It suggests the home itself may feel cozy, but the lot offers excellent balance and potential.
5. How do the provided "rankings" work, and why are they useful?
These rankings compare this property against others on its street, in Elmhurst, and across all of Winnipeg for metrics like size, age, and assessed value. They provide quick, data-driven context. For example, ranking in the top 19% in Winnipeg for lot size highlights a key strength, while lower rankings for living area or age set realistic expectations about the home’s scale and vintage.