Property Overview
This one-storey home in Elmhurst sits on a large, nearly 9,000 sqft lot, offering a rare sense of space and privacy for the area. Its key appeal lies in this generous land size, which ranks in the top 9% of all Winnipeg properties. The home itself, built in 1971, features a fully finished basement and a split garage. While the living space is a comfortable 1,426 sqft, the standout characteristic is its established setting and significant outdoor potential. The property’s assessed value has shown consistent strength, ranking highly within its immediate neighborhood and the broader city.
This home is well-suited for buyers who prioritize land over a brand-new build. It’s ideal for someone looking for a manageable single-level layout with room to garden, entertain, or potentially expand outdoors. The strong rankings for lot size and value suggest it’s a solid, grounded property in a mature community, appealing to those seeking a long-term home with room to grow.
Frequently Asked Questions
1. How does the age of the home (built in 1971) affect its condition and potential costs?
While the home is over 50 years old, its consistent assessment and sale history suggest it has been maintained. Buyers should budget for updates common to homes of this era, such as roofing, windows, or major mechanical systems, but the finished basement indicates previous investment.
2. What does the "top 9% in Winnipeg" ranking for lot size actually mean for me?
Practically, it means you are getting a property with significantly more outdoor space than most in the city. This allows for greater privacy, landscaping possibilities, and a feeling of openness that is hard to find in newer subdivisions.
3. The home ranks lower for "newness" within its own community. Is that a concern?
This ranking reflects that Elmhurst is an established neighborhood with many older homes. It’s not necessarily a negative, but rather confirms the character of the area. The value and lot size rankings within the same community are much stronger, indicating the property’s merits outweigh its age in the local market.
4. Why is the assessed value higher than the last sale price from 2019?
Municipal assessments for tax purposes don't always align perfectly with current market value. The assessment trend shows the property is viewed as holding substantial value, but the final sale price will be determined by the current market.
5. What are the advantages of a split garage?
A split garage (typically two separate single doors) can offer more flexible space than one large double door, potentially allowing for a dedicated workshop area or easier organization. It can also be architecturally pleasing and fit the scale of a one-storey home better.