Property Overview & Key Characteristics
This two-storey home in Elmhurst offers a well-proportioned living space on a generous lot. Its key appeal lies in its established, quiet neighbourhood and a practical layout that provides more room than many comparable homes in the wider city. With 1,841 sqft of finished living space, including a developed basement, it ranks in the top 15% of Winnipeg homes for size. The nearly 6,000 sqft lot offers ample outdoor space for gardening or recreation. Built in 1984, the home presents a solid, move-in-ready opportunity without the premium or uncertainties of a brand-new build. It would particularly suit first-time buyers or growing families looking for space and value within city limits, as well as downsizers from larger properties who still want room for guests or hobbies without excessive maintenance.
Frequently Asked Questions
1. How does this home compare to others in the immediate area?
It ranks above average for its street in terms of lot and living space, but is slightly older than the median. This suggests you're getting more house and land for the price compared to many neighbours, in a mature setting.
2. What does the "developed basement" include?
The listing confirms the basement is finished, adding to the total living area. Specifics on rooms, ceiling height, and finishes should be verified by a viewing or with the listing agent.
3. Is the property likely to require major updates?
At 42 years old, core components like the roof, windows, and major systems (heating, plumbing) may be at or beyond their typical lifespan. A thorough inspection is advised to budget for potential updates, which is typical for homes of this vintage.
4. How does the assessment value relate to the asking price?
The municipal assessment is $518,000. Market conditions, recent upgrades, and seller motivation ultimately determine the listing price, which may be above, at, or below this assessed value.
5. What are the less obvious considerations for a home of this age and size?
While the space is a major asset, consider the utility costs for heating and cooling a larger, 1980s-built home. Also, the architectural style and layout are of that era; ensure the flow and design suit modern living preferences. The large lot is a perk, but also requires time or resources for upkeep.