Property Overview & Appeal
This 1970-built, one-storey home on a large 6,888 sqft lot in Elmhurst offers a practical and spacious foundation. Its key characteristic is a well-balanced size, with 1,479 sqft of living space complemented by a finished basement, providing ample room for daily life and storage. The appeal lies in its above-average lot size and the relative value it represents; it outperforms a significant majority of Winnipeg homes in terms of lot dimensions, living area, and assessed value. The split garage adds functional convenience.
It would particularly suit first-time buyers or downsizers seeking a manageable single-level layout without sacrificing yard space, or value-oriented buyers looking for a home with solid fundamentals in a mature neighbourhood. A thoughtful perspective is that while the home itself is older, its strong rankings for lot size and living space suggest a property with inherent potential for both comfortable living and future updates, all set on a generous piece of land that is increasingly rare in new developments.
Frequently Asked Questions
1. What does the "relative ranking" data mean?
It shows how this property compares to others in its immediate street, neighbourhood, and all of Winnipeg. For example, ranking in the "top 18%" for lot size in Winnipeg means 82% of city lots are smaller, highlighting this property's standout outdoor space.
2. Is the basement included in the 1,479 sqft living area?
No, the 1,479 sqft refers to the above-ground living space. The home additionally features a separate, finished basement, which adds significant usable square footage for recreation, storage, or additional rooms.
3. What is the significance of the assessment value?
The assessment value of $427,000 is used for calculating municipal property taxes. It is an official estimate but is not necessarily the market price, which is determined by current buyer demand. Its high ranking suggests the city assesses it as a higher-value property within its peer group.
4. What are the implications of the home's age?
Built in 1970, the home is part of a mature neighbourhood with established landscaping. Buyers should budget for potential updates to major aging components like the roof, windows, or mechanical systems, which is typical for homes of this era.
5. How does the split garage differ from an attached double garage?
A split garage typically refers to two separate single garage doors, often side-by-side but sometimes configured differently. It offers the same two-vehicle parking capacity as an attached double garage but may provide more flexible access or separation between bays.