Property Overview & Appeal
This 1978-built bungalow in Elmhurst offers a practical and spacious family layout on a large, 7,193 sqft lot. Its key characteristics include 1,454 sqft of living space, a finished basement, and an attached garage. The appeal lies in its established neighbourhood setting, the generous lot size providing room for outdoor activities or expansion, and the value derived from its above-average assessment ranking within Winnipeg. It particularly suits buyers looking for a solid, single-level home with a low-maintenance exterior, or those who prioritize a sizable yard over a brand-new build. A thoughtful perspective is that while the home's interior square footage is modest for the area, the significant lot size represents a tangible asset that is increasingly rare, offering future potential that newer subdivisions often lack.
Frequently Asked Questions
1. How does the age of the home affect its condition?
Built in 1978, the home is nearly 50 years old. Prospective buyers should prioritize a thorough inspection to assess the condition of major systems like roofing, plumbing, and electrical, which may be due for updates or replacement.
2. What does the "finished basement" entail?
The listing confirms a finished basement but does not specify the extent or quality of the finish, or if it includes legal egress. It's important to clarify the layout, ceiling height, and whether it includes a bathroom or separate entrance.
3. Why is the home's assessment value notably higher than its size ranking?
The property's assessment ranks higher (top 16% in Winnipeg) than its living area ranking (top 30%), suggesting the city assessors place significant value on other factors, most likely the large lot size and the finished basement, indicating good perceived value for tax purposes.
4. Is the lot size a major advantage?
Yes. At over 7,000 sqft, the lot is substantially larger than many modern properties. This provides ample private outdoor space, gardening potential, and is a key contributor to the property's overall value and appeal.
5. What are the trade-offs of a bungalow layout?
The one-storey design offers excellent accessibility and avoids stair navigation. However, it typically means a larger footprint on the lot and a longer roof line. The interior may feel more compartmentalized compared to an open-concept modern design, which is a consideration for lifestyle preferences.