Property Overview: 58 Apex Street, Elmhurst, Winnipeg
Section 1: Key Characteristics & Appeal
This well-established two-storey home in Elmhurst sits on a generous, mature lot. Built in 1984, it offers over 2,000 square feet of living space, which is notably larger than most homes in Winnipeg. A key feature is the finished basement, adding functional space for recreation, a home office, or guest accommodation.
The appeal here is rooted in space, value, and location. The home provides significant room for a growing family at an assessed value that positions it as a practical investment in a stable neighborhood. Its competitive rankings for both size and relative newness within its immediate area suggest it’s a solid, above-average property on its street and in Elmhurst. It would suit buyers looking for a move-in ready family home with ample indoor and outdoor space, who prioritize practicality and room to grow over brand-new construction. A thoughtful perspective: while it lacks a garage, the large lot presents a potential future opportunity for adding one or creating extensive outdoor living areas, which is a valuable option not always available in newer subdivisions.
Section 2: Frequently Asked Questions
1. How does the 2016 sale price compare to today's value?
The home sold for $370,000 in 2016. The current assessed value is $516,000, reflecting market appreciation over the past eight years.
2. What do the "ranking" percentages mean?
They show how this property compares to others. For example, its living area is larger than 92% of Winnipeg homes, making it very spacious. Its age is newer than 66% of homes in the city, placing it in the middle of the market's age range.
3. Is the basement included in the 2,097 sqft living area?
Typically, the listed living area refers to above-grade space. The finished basement is an additional bonus area not included in that square footage figure.
4. The home ranks low on its street for past sale price. Should I be concerned?
This specific ranking is based on the 2016 sale price. It indicates that price was lower relative to other sales on the street at that time, but it does not reflect the property's current condition or updated assessed value, which now ranks much higher.
5. What are the implications of not having a garage?
This is an important consideration for vehicle storage and winter weather. The large lot may allow for the future construction of a garage or carport, subject to local bylaws. For some buyers, the trade-off for more house and yard space at a certain price point can be worthwhile.