Property Overview & Key Characteristics
70 Ascot Bay is a well-situated, one-storey home in Elmhurst, built in 1968. Its primary appeal lies in its generous, mature lot of over 7,500 sqft—a rarity that offers significant outdoor space and potential in a central neighbourhood. The home features a finished basement and a split garage, providing practical living and storage solutions. Its competitive rankings, particularly placing in the top 13% of Winnipeg for lot size, highlight a key asset that is increasingly difficult to find.
This property would suit a buyer looking for a solid, single-level layout on a premier-sized lot, ideal for gardening, family play, or future expansion. It’s a practical home for those who value established communities and space over modern finishes, appealing to downsizers seeking single-floor living without sacrificing yard size, or to families with a vision to gradually update a home with a truly standout piece of land.
Frequently Asked Questions
1. How does the lot size compare to typical properties?
The 7,543 sqft lot is a major feature, ranking larger than 87% of all residential properties in Winnipeg. It is substantially bigger than the average city lot, offering uncommon privacy and space.
2. What does the "finished basement" entail?
The listing confirms a finished basement, which adds flexible living space. Prospective buyers should inquire about the finish quality, ceiling height, and moisture control during a viewing, as these are key factors in a 1960s home.
3. The home was built in 1968. What should I be mindful of?
While systems may have been updated, a home of this age warrants a thorough inspection for its original roof, windows, plumbing, and electrical systems to understand any upcoming capital expenses.
4. The assessed value is lower than the asking price. Why?
Municipal assessments are for tax purposes and often lag behind market values, which are driven by current supply, demand, and unique property features like this home's exceptional lot size.
5. Is the split garage a double garage?
A split garage typically refers to a double-width garage with two separate overhead doors, a common feature for the era. It provides convenient parking for two vehicles without a shared interior pillar.