Property Overview & Appeal
This 1977-built, one-storey home in Elmhurst offers a practical, single-level layout with 1,000 sq ft of living space. Its key characteristic is a large, 6,678 sq ft lot, providing substantial outdoor space that is rare for the area. The home includes a finished basement and an attached garage. Its appeal lies in its balance of a manageable-sized house on a generously sized property, offering room for gardening, play, or expansion. The value is further underscored by its city-wide assessment ranking, which places it above 61% of all Winnipeg homes.
It would best suit first-time buyers or downsizers looking for a low-maintenance, single-level floorplan without sacrificing yard space. It also appeals to value-oriented buyers who see potential in the well-sized lot and the finished basement, whether for immediate use or future updates.
Frequently Asked Questions
1. How does the lot size compare to others in Winnipeg?
At 6,678 sq ft, the lot is significantly larger than the typical Winnipeg residential plot, placing it in the top 20% city-wide for land area. This is a standout feature for the property.
2. Is the basement considered a legal suite?
The listing states the basement is finished but does not specify it as a legal secondary suite. Buyers should verify its compliance with local rental regulations if that is a intended use.
3. The home's living area is ranked lower than the lot size. What does this mean?
The 1,000 sq ft living area is modest relative to the large lot, indicating the home itself is not oversized. This could mean lower utility costs and less interior maintenance, while the land offers the value and potential.
4. What is the significance of the assessment value ranking?
The assessment ranks higher than the home's age and size rankings, suggesting the city assessor views the property's overall value—likely influenced by the large lot and finished basement—favorably compared to many others.
5. What are the implications of a 49-year-old home?
Built in 1977, major components like the roof, windows, furnace, and plumbing may be at or beyond their typical lifespan. A thorough inspection is crucial to understand the condition and any upcoming capital expenses.