Property Overview & Key Characteristics
This 1971-built, one-storey home sits on a large, 7,197 sqft lot in Elmhurst. Its key appeal lies in the combination of a spacious, private yard and a fully finished basement, offering more usable space than the 873 sqft main floor suggests. The home presents a practical, grounded opportunity. Its strongest competitive points are its lot size, which is larger than most in Winnipeg, and its overall assessed value ranking. It would suit a first-time buyer, an investor, or a downsizer looking for a manageable single-level layout with significant outdoor space and the immediate utility of a finished lower level. A thoughtful perspective is recognizing this as a "land-value play" with a liveable house; the substantial lot in a mature neighbourhood offers long-term potential, whether for personal enjoyment or future redevelopment.
Frequently Asked Questions
1. How does the finished basement affect the living space?
While the main floor is 873 sqft, the finished basement significantly expands the usable living area, providing crucial extra rooms for family, hobbies, or storage that aren't reflected in the official square footage.
2. What do the rankings actually mean for a buyer?
They show the property's relative position. For example, being in the top 15% for lot size in Winnipeg is a major advantage, while the interior size rankings indicate a cozier main floor living space compared to newer homes.
3. Is the 55-year-old age of the home a concern?
It indicates that major systems (roof, wiring, plumbing) may be at or beyond their typical lifespan, so a thorough inspection is essential. However, mature homes of this era in established neighbourhoods often feature solid construction and settled, treed lots.
4. Who would this property not suit?
It may not suit buyers seeking a modern, open-concept layout or those who prefer low-maintenance living without yard work. The main floor size is compact, so those needing ample above-ground space might find it limiting.
5. What is the immediate neighbourhood like?
The "Elmhurst" community ranking shows the home performs well on lot size but is more average on age and value within its immediate area. This suggests a neighbourhood of varied, well-established properties, not a uniform new subdivision.