Property Overview & Key Characteristics
This 1955-built one-storey home in Elmhurst offers a unique proposition centered on its exceptional land. Sitting on a large, approximately 10,363 sqft lot, the property ranks in the top 10% of its community for lot size, providing a rare level of outdoor space and potential in a mature neighbourhood. The home itself features 1,144 sqft of living space with a finished basement and a detached garage.
Its primary appeal lies in the balance of a solid, functional house with a canvas for the future. The generous, private yard is a standout for gardening, recreation, or future expansion. It suits two main types of buyers: those seeking a spacious, ground-level living situation with immediate move-in readiness, and visionaries who value the land as much as the structure, seeing long-term potential to personalize, renovate, or even redevelop the site. It’s a property where the value is as much in what you can do with it as what it currently is.
Frequently Asked Questions
1. What does the ranking data actually mean?
The rankings compare this property against others on its street, in Elmhurst, and across all of Winnipeg. For example, ranking in the top 6% city-wide for lot size highlights its standout, large yard, while the older build year is typical for the mature neighbourhood.
2. Is the house outdated given its age?
Built in 1955, the home is part of a well-established neighbourhood. The basement is finished, indicating some updates. Buyers should be prepared for the character and maintenance considerations of a mature home, balanced against the stability and spaciousness of the lot.
3. Who would benefit most from the large lot size?
Beyond gardeners and families wanting play space, the lot is a significant asset for anyone considering future additions like a workshop, large deck, or even a secondary suite (subject to zoning and permits). It offers a level of privacy and flexibility uncommon in many city lots.
4. How does the assessment value relate to the asking price?
The municipal assessment of $327,000 is for taxation purposes and provides a baseline. The market price is determined by current conditions, the property's unique features (like its lot size), and seller motivation. It's a data point to inform your offer, not a direct price tag.
5. What are the implications of a detached garage?
A detached garage offers flexibility—it can be used purely for vehicle storage without impacting house noise or air quality, or it could be repurposed as a studio or workshop. It does mean navigating the elements between your car and house during Winnipeg winters.