Property Overview
This 1995-built, one-storey home in Elmhurst offers a practical and comfortable living space on a large, 7,315 sqft lot. Its key appeal lies in a combination of above-average size and modern-enough age, providing a balanced proposition. With 1,633 sqft of finished living space, including a developed basement, it ranks in the top 20-35% for size within its immediate area. The property consistently scores well in comparative rankings, particularly for its lot size, assessed value, and newer construction date relative to most Winnipeg homes, placing it in the top 15-25% citywide in these categories. It suits buyers looking for a move-in ready, single-level layout with ample outdoor space, ideal for small families, downsizers, or those seeking minimal stairs. A thoughtful perspective is that while not the newest on the block, its 1995 vintage avoids the major maintenance concerns of much older homes while likely offering more generous room proportions and lot size than many newer builds in this price range.
Frequently Asked Questions
1. What is the significance of the property rankings?
The rankings show how this home compares to others in the neighbourhood and city. For example, being newer than 77% of Winnipeg homes suggests lower immediate repair costs, while a lot size larger than 85% of the city indicates valuable outdoor space.
2. Is the basement included in the 1,633 sqft living area?
No, the 1,633 sqft refers to the above-ground living area. The basement is separate, is finished, and adds significant additional functional space to the property.
3. What does the assessed value tell me about the listing price?
The municipal assessment of $541,000 is a benchmark for property taxes and may influence the listing price, but the final sale price is determined by the current market. It indicates the city’s appraisal of the property’s worth relative to others.
4. What are the advantages of a one-storey home like this?
The main advantages are accessibility and layout efficiency, with all primary living spaces on one level. This is ideal for aging in place, families with young children, or anyone who prefers to avoid stairs. It can also simplify renovations and maintenance.
5. How does the 1995 build year affect the home?
Built in 1995, the home is past its initial wear period but is modern enough to likely have contemporary wiring, plumbing, and insulation standards. Buyers should expect some component updates (like roofing or appliances) but not the systemic issues sometimes found in older or much newer homes.