Property Overview
78 Apex Street is a spacious, well-established two-storey home in Elmhurst, built in 1989. Its primary appeal lies in offering generous proportions and a mature setting on a large, approximately 9,423 sqft lot. The home features over 2,100 sqft of living space, a finished basement, and a combination attached/detached garage setup. The property stands out statistically within its context, ranking in the top tiers for lot size, living area, and assessed value compared to most homes on its street, in Elmhurst, and across Winnipeg. This suggests a property that is above average in scale and perceived value for its locale.
It would particularly suit buyers looking for a long-term family home with ample indoor and outdoor space, who value the character and established nature of a late-80s build. It's ideal for someone who appreciates data-driven insights, as the home's competitive rankings indicate a strong foothold in the market. The property may also attract practical buyers who see value in a home that already has a finished basement, eliminating a common renovation project.
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 6%" for living area in Winnipeg means 94% of homes in the city are smaller. It's a quick way to see this home's relative strengths in key metrics like size and value.
2. Is a 1989-built home considered old?
While not new, the rankings indicate it's newer than about 74% of Winnipeg's housing stock. This era of home often balances modern layouts and insulation standards with mature landscaping and settled neighbourhoods, avoiding the major maintenance issues of much older homes.
3. What is a "combination attached/detached garage"?
This typically means there is both an attached garage (often leading directly into the house) and a separate detached garage on the property. This offers significant flexibility for vehicle storage, a workshop, or extra storage space.
4. How significant is the lot size?
At nearly a quarter-acre (9,423 sqft), the lot is a major feature. It provides substantial outdoor space for gardening, recreation, and privacy—a rarity that becomes more valuable over time, especially in established neighbourhoods.
5. The assessed value is high for the area. Is that good?
The assessment ranking in the top 5% of the community suggests municipal assessors see this as one of the more valuable properties in Elmhurst, based on its attributes. This generally reflects its market position, but the final sale price is always determined between a buyer and seller.