Property Overview
This 1932 one-storey home on a large, 6,957 sqft lot in Elmhurst presents a classic Winnipeg character property. Its key appeal lies in its generous, mature lot—offering significant outdoor space and future potential—within a long-established neighbourhood. The house itself is modest at 780 sqft with an unfinished basement, positioning it as an affordable entry point into the market or a straightforward investment opportunity. Its strongest metrics are its lot size, which ranks in the top 17% citywide, and its overall value ranking, surpassing 83% of Winnipeg properties.
This home would best suit a hands-on buyer looking for a land-value proposition, whether as a first home with room to grow, a long-term hold with renovation potential, or a candidate for future redevelopment. It’s less suited for those seeking immediate move-in condition or modern finishes. A thoughtful perspective considers the trade-off: while the structure is older and smaller than average, the lot provides a rare commodity of space and privacy in the city that cannot be replicated, offering a canvas for the right visionary.
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, its lot size ranks in the top 17% in the city, meaning it's larger than 83% of Winnipeg lots. Conversely, its age and living area are older and smaller than most comparable properties.
2. Is the unfinished basement a major drawback?
It depends on your goals. It requires investment to finish, but it also provides untouched space for customization, ample storage, or mechanical upgrades. For an investor or renovator, it can be a blank slate rather than a liability.
3. Who might be interested in a property like this?
Primary candidates include first-time buyers comfortable with a project, investors seeking a property with strong land value, or owners looking to downsize into a single-level home with a large, manageable yard.
4. How significant is the 1932 build year?
It confirms the home is a true character property, likely with older building materials and systems. Prospective buyers should prioritize a thorough inspection to understand the condition of the foundation, wiring, and plumbing, and budget for ongoing maintenance typical of a near-century-old home.
5. Why is the lot size highlighted as a key feature?
In mature neighbourhoods, large lots are increasingly scarce. This lot offers not just yard space but also future potential, such as the possibility of an addition, a garden suite (subject to zoning), or simply a level of outdoor privacy that is hard to find in similarly priced properties.