Property Overview & Key Characteristics
This is a classic, one-storey home in Elmhurst, built in 1968 on a notably large, 9,012 sqft lot. Its primary appeal lies in its generous land size, which ranks within the top 8% of all properties in Winnipeg, offering significant space and potential. The house itself features 1,253 sqft of living space and an unfinished basement, presenting a solid foundation for customization. It includes an attached garage.
The property suits two main types of buyers: first, those seeking a long-term family home with ample outdoor space for gardens, play, or future additions, valuing the lot size over a modernized interior. Second, it appeals to value-conscious buyers or investors who see potential in updating the home over time, leveraging its strong positional rankings within a desirable community while accepting that its assessed value is modest relative to the neighborhood.
A less obvious perspective is its positioning as a "blank canvas" property in an established area. While the home's finishes may reflect its era, the lot offers a rare commodity—space—that cannot be replicated in newer subdivisions. It represents an opportunity to shape a property to one's own tastes in a mature, tree-lined setting.
Frequently Asked Questions
1. What does the lot size ranking actually mean?
The ranking indicates that this property's land area is larger than 92% of all residential lots in Winnipeg, placing it in the top 8%. This is its most competitive feature, offering exceptional outdoor space.
2. The assessed value seems low for the area. Why is that?
The assessment is likely influenced by the home's original condition and unfinished basement. It reflects the current state rather than potential, which can represent an opportunity for buyers to add value through renovations.
3. Is the unfinished basement a drawback or an opportunity?
It's primarily an opportunity. While it requires investment to finish, it allows the new owner to customize the space to their exact needs—whether for extra bedrooms, a recreation room, or storage—without needing to undo previous work.
4. How does the age of the home (58 years) factor in?
The age means some major systems (like roof, plumbing, or wiring) may be at or beyond their typical lifespan and should be inspected. Conversely, homes of this era in Elmhurst are often solidly built and sit on mature, spacious lots rarely found in newer builds.
5. Who is this home not suited for?
It is likely not the best fit for buyers seeking a move-in-ready, modern home with no immediate projects. It also may not suit those who prioritize a new or recently built property, as its age and condition rankings within the community are toward the lower end.