Property Overview
This 1970-built, one-storey home in Elmhurst sits on a large, approximately 7,800 sqft lot. Its key appeal lies in the combination of a spacious, established yard and a fully finished basement within a straightforward, single-level layout. With 1,120 sqft of living space, it offers practical living without excessive upkeep. The property's standout characteristic is its land size, which ranks in the top 12% across Winnipeg, providing rare suburban space and potential in the city.
Its strongest suit is for value-focused buyers seeking space over new finishes. It would suit a first-time buyer looking for a manageable home with immediate room to grow outdoors, or an investor/renovator who sees the underlying value in the large lot and finished basement. The home’s rankings suggest it competes well on lot size but is average or below on metrics like age and assessed value within its immediate area, indicating it may be priced accordingly for those willing to trade modern updates for land.
A less obvious perspective is the advantage of its established neighborhood. Mature trees and settled communities often offer a stability and greenery that newer subdivisions take decades to achieve. Furthermore, a fully finished basement in a home of this era provides immediate extra living space, which is a significant cost already absorbed.
Frequently Asked Questions
1. How does the large lot size benefit me practically?
Beyond simple outdoor space, a lot of this size (ranking in the top 12% in Winnipeg) offers exceptional potential for gardening, adding a detached garage or workshop, or simply providing privacy and room for children or pets to play—a feature increasingly rare at this price point.
2. The home was built in 1970. What should I be aware of?
While systems like plumbing, electrical, and the roof may have been updated over the years, a pre-purchase home inspection is crucial to understand the condition of these core components. The age also suggests functional, classic layouts, but styles may reflect its era.
3. What does the "fully finished basement" include?
The listing confirms the basement is finished, meaning it has likely been converted into livable space such as additional bedrooms, a family room, or a utility/rec room. Specifics on layout, ceiling height, and moisture control should be verified during a viewing.
4. There's no garage. Is adding one feasible?
The substantial lot size makes adding a detached garage or carport a very realistic possibility, subject to local zoning bylaws and setback requirements. This is a key advantage over homes on smaller lots where expansion is limited.
5. The assessment is $345,000. How does that relate to the listing price?
The municipal property assessment is for taxation purposes and reflects a mass appraisal value from a prior date. The listing price is set by the seller based on current market conditions. The two figures can differ, and the assessment is one data point among many, including recent comparable sales, to consider when determining a fair offer.