Property Overview & Key Characteristics
This 1981-built, one-storey home in Elmhurst offers a practical and spacious family layout on a large, 7,389 sqft lot. Its key appeal lies in its established neighbourhood setting combined with above-average rankings for lot size, age, and assessed value within Winnipeg. The home features a fully finished basement and an attached garage. With 1,236 sqft of living space, it suits buyers looking for a single-level living option or a starter home with room to grow outdoors. Its strong city-wide rankings in value and lot size suggest a property with solid fundamentals in a mature area, ideal for buyers who prioritize space and stability over a brand-new build. The data indicates it may particularly appeal to those seeking a property with a competitive edge in its category, without the premium of a newer home.
Frequently Asked Questions
1. What do the ranking percentages actually mean?
They show how this property compares to others in its immediate street, neighbourhood, and all of Winnipeg. For example, being newer than 77% of homes on its street and on a larger lot than 86% of homes in Winnipeg are strong points that contribute to its value.
2. Is the finished basement included in the 1,236 sqft living area?
Typically, the listed "living area" refers to above-grade, heated space. The finished basement is an additional area, adding functional square footage like a rec room or extra bedrooms not reflected in that main figure.
3. The home is over 40 years old. What should I budget for?
While the home ranks as newer than many in the city, a focused inspection is key. Budget for potential updates to major aging components like the roof, windows, or HVAC system, which are common for homes of this era.
4. How does the assessed value relate to the listing price?
The assessed value of $468,000 is for municipal tax purposes. The listing price is set by the seller based on the current market. The assessment being higher than 77% of Winnipeg homes is a positive data point, but the final sale price is determined by market conditions.
5. Who would this home suit best?
It's well-suited for first-time buyers or downsizers seeking single-level living on a generous lot. The strong lot size ranking offers room for gardening, play, or future expansion, while the established neighbourhood often means mature trees and settled community feel.