This well-established Elmhurst bungalow offers a rare combination of spacious land and solid value in Winnipeg. Built in 1969, its primary appeal lies in its exceptionally large, 15,117 sqft lot, which places it in the top 2% of properties city-wide for land size. The home itself is a practical 1,324 sqft one-storey layout with a finished basement and an attached garage. While the structure is older, its assessed value ranks highly within its immediate area, suggesting a desirable location and property foundation. This property would particularly suit buyers looking for a long-term family home with ample outdoor space for gardens, play, or future expansion, or those seeking a land-value opportunity in a mature neighbourhood who are comfortable with a home of this vintage.
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What does the "finished basement" entail? Given the home's age and square footage, understanding the basement's ceiling height, finish quality, legal egress, and whether it contains essential living spaces like a bathroom or kitchenette is crucial for evaluating its true living space.
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How does the lot's size and shape impact its potential? A lot of this scale is uncommon. Buyers should verify its exact dimensions, zoning (R1, R2, etc.), and any potential for future subdivision (if desired) or if there are restrictive covenants, to fully understand its long-term utility and value.
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Are major systems original or updated? The home is 57 years old. Inquiring about the age and condition of the roof, wiring, plumbing, windows, and heating system is essential for anticipating maintenance costs and understanding the home's modern efficiency.
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What is the neighbourhood character and development trend? Elmhurst is a mature area. Researching whether nearby properties are being maintained, renovated, or redeveloped can provide insight into the area's trajectory and the potential for this property's value growth.
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Why are the rankings for "newness" significantly lower than for "lot size" and "value"? This highlights the property's profile: it is prized for its land and location more than for the age of the structure itself. A buyer's perspective should focus on the balance between the lot's premium value and the expected upkeep or modernization needs of a home from this era.