Property Overview
7 Apex Street is a well-established, single-storey home in Winnipeg's Elmhurst neighborhood. Built in 1982, it sits on a large, 6,239 sqft lot and offers 1,412 sqft of living space, including a finished basement. The home features an attached garage and no pool. Its current assessed value is $478,000.
Section 1: Key Characteristics & Appeal
This property’s primary appeal lies in its balance of space, established location, and solid value. The very large lot is a standout feature, offering ample outdoor room for gardening, play, or future expansion—a rarity compared to many newer subdivisions. The finished basement adds practical, flexible living space. As a one-storey layout, it provides accessible living or simply the convenience of having everything on one level.
Its competitive rankings are telling: while it’s middle-of-the-pack within its immediate street and neighborhood for size and age, it ranks in the top tiers across Winnipeg for lot size and assessed value. This suggests you’re getting a property that holds its own city-wide, positioned in a mature community. It would suit first-time buyers looking for a move-in-ready home with room to grow, downsizers seeking single-level living without sacrificing yard space, or value-oriented buyers who prioritize land size over a newer build.
Section 2: Frequently Asked Questions
1. What does the "ranking" data actually mean?
The rankings compare this home against others on its street, in Elmhurst, and across all of Winnipeg for specific metrics (e.g., lot size, age). For example, being in the top 26% city-wide for lot size means 74% of Winnipeg homes have a smaller lot. It’s a quick way to gauge how this property’s key features compare to the market.
2. Is the 1982 build year a concern?
While not new, a home from this era often features sturdy construction and mature landscaping. The key will be the condition and updates of major systems (roof, windows, HVAC) and the basement finish, which should be thoroughly inspected.
3. Who might this home NOT suit?
Buyers seeking a modern, open-concept layout or a brand-new home with zero maintenance concerns may find the 1980s floor plan and potential for updates less appealing. It’s also not suited for those wanting a low-maintenance, small yard.
4. The assessment is $478,000. Does that mean that’s the selling price?
Not necessarily. The assessed value is for municipal tax purposes. The market price is determined by current buyer demand, recent sales of similar homes, and the property’s specific condition, and can be higher or lower.
5. What are the less obvious advantages of a large lot in this neighborhood?
Beyond privacy and space, it offers long-term flexibility: potential for additions like a shed or deck, better drainage, and room for mature trees. In an established area like Elmhurst, large lots are a finite resource, which can contribute to stable property values.