Property Overview
This one-storey home on a large, 11,265 sqft lot in Elmhurst presents a specific and compelling opportunity. Its key appeal lies in the exceptional lot size, which ranks in the top 4% of all properties in Winnipeg, offering rare potential for expansion, gardening, or outdoor living. The home itself is a modest 911 sqft bungalow with a finished basement, built in 1969. While the living space is compact, the property's overall value is anchored by its land. It suits a buyer looking for a solid foundation in a mature neighbourhood—whether that's a first-time homeowner comfortable with a cozy footprint, an investor seeing long-term land value, or a downsizer seeking single-level living with ample private outdoor space. It’s a property where the land is the primary asset, and the house represents a chance to customize or renovate over time.
Key Details & Questions
What are the standout features of this property?
The overwhelmingly standout feature is the lot size, which is exceptionally large for the city. The finished basement also adds functional living space to the 911 sqft main floor.
What should I consider about the house itself?
The living area is below average in size for the community, and the home is older. Buyers should be prepared for the maintenance needs of a 57-year-old house or potential renovation plans.
How does its value compare to the area?
The assessment value is moderately above average for the street and neighbourhood. This suggests the large lot is a significant factor in its valuation.
Is this a move-in ready home?
The listing does not specify condition. Given the age, a thorough inspection is essential to understand the state of major systems, the roof, and the finished basement.
What’s the long-term potential here?
The large lot is the key to future potential. It offers possibilities for a significant addition, a garden suite (subject to zoning), or simply enjoying one of the larger private yards available in Winnipeg.