Property Overview
This 1982 two-storey home in Elmhurst offers a well-proportioned and established family footprint. Its key appeal lies in offering above-average space and value within its context. With 2,173 sqft of living space, it ranks in the top 12% of homes on its street and top 8% within the wider Elmhurst community for size, providing generous room for a growing or multi-generational family. The property sits on a large 6,207 sqft lot and includes a finished basement and an attached garage. While 44 years old, its assessed value of $535,000 ranks notably higher than most comparable homes in Winnipeg, suggesting it is a substantial and well-maintained property in its market segment.
It would suit practical buyers looking for space and community integration over new construction. The home is ideal for those who value established neighbourhoods with mature landscaping and are comfortable with a property that may require periodic updates. Its strong rankings for size and value make it a compelling option for buyers prioritizing square footage and lot size within a stable, family-oriented area like Elmhurst.
Frequently Asked Questions
1. What do the ranking percentages actually mean?
They show how this property compares to others in three geographic circles. For example, ranking "better than 94% of Winnipeg homes" for living area means only 6% of city homes are larger, highlighting this property's standout spaciousness.
2. Is the 1982 build year a concern?
While not new, the home is younger than 55% of the houses on its own street. Its above-average assessment value suggests it has been maintained or updated to a standard that keeps its market value strong relative to its age.
3. How does the finished basement factor into the living space?
The listed 2,173 sqft typically refers to above-grade living area. The finished basement provides additional usable space that adds functional value but is not usually included in that official square footage calculation.
4. The lot is large, but what about the neighbourhood ranking for the property itself?
The home ranks in the top 65% within Elmhurst overall, but this is a composite. Its strongest feature is its size (top 8% in the community), while its age is average (top 50%). This indicates you're buying significant space in a well-established setting.
5. Does the high city-wide value ranking mean it's overpriced?
Not necessarily. Ranking better than 87% of Winnipeg homes for assessed value indicates it is a substantial property compared to the entire market. It suggests a premium for factors like lot size, finished space, and location that the assessment recognizes.