Property Summary: 74 Epsom Crescent
Section 1: Key Characteristics & Appeal
This 1981-built, one-storey home in Elmhurst offers a practical layout with 1,222 sqft of living space on a generous 5,586 sqft lot. Its key features include a fully finished basement and an attached garage. The home’s appeal lies in its established, no-fuss design and its position within a mature neighbourhood. The data suggests a solid, middle-of-the-road property: it ranks above average city-wide for lot size, age, and assessed value, but is more typical within its immediate community for size and recent sale price. This indicates a well-situated home that is competitive in the broader Winnipeg market while being a standard offering on its own street.
It would suit first-time buyers or downsizers looking for a manageable single-level layout in a quiet area, without the premium of a brand-new home. A thoughtful perspective is that while it may not stand out dramatically on its block, its above-average city rankings for lot size and assessment value point to underlying stability and a value proposition that is stronger when compared to the entire city rather than just its direct neighbours. It’s a home for those who prioritize a established setting and a balanced investment over cutting-edge features or the highest prestige address.
Section 2: Frequently Asked Questions
1. What do the ranking percentages actually mean?
They show how this property compares to others. For example, ranking in the "top 41%" for lot size in Winnipeg means 59% of city homes have a smaller lot. The rankings provide context on where this home excels or is more average across different geographic scales.
2. Is the finished basement included in the 1,222 sqft living area?
No. The listed 1,222 sqft is the above-ground living area. The basement is additional, finished space, which is a significant functional bonus not reflected in the main square footage.
3. How does the 2022 sale price relate to the current assessed value?
The home sold for $400,000 in June 2022. The current assessed value is $423,000. This increase aligns with broader market trends over that period and can be a useful reference point, though the eventual sale price is determined by the current market.
4. The home is 45 years old. What should I be mindful of?
While the rankings show it's newer than many Winnipeg homes, key systems like the roof, windows, furnace, and plumbing may be at or beyond their typical lifespans. A thorough inspection is essential to understand the condition and any upcoming maintenance.
5. Why are the community rankings often lower than the city-wide rankings?
This is a key insight. It means that while the home holds its own across all of Winnipeg, the specific Elmhurst community may have a higher concentration of larger, newer, or more valuable homes. It highlights the importance of understanding both the micro (street/community) and macro (city) contexts when evaluating its standing.