Property Overview & Key Characteristics
This 1971-built, three-level split home in Elmhurst sits on a generous 7,197 sqft lot. With 1,076 sqft of living space, it features a finished basement and presents a solid, no-frills layout typical of its era. Its primary appeal lies in its established neighbourhood setting and its significant lot size, which is larger than 85% of properties across Winnipeg, offering ample outdoor space and potential. The home's assessed value has shown stability, and its rankings indicate it is a competitively sized and valued property within its immediate area.
This property would suit practical, value-conscious buyers such as first-time homeowners looking for a foothold in a mature community, or downsizers seeking a manageable home with a sizable yard without a premium price tag. It's a home for those who appreciate space over flash, and who see potential in the land and the solid foundation of a well-maintained older home.
Frequently Asked Questions
1. What is the significance of the "rankings" provided?
The rankings compare this property against others on its street, in Elmhurst, and across all of Winnipeg for metrics like lot size, age, and assessed value. They are a quick way to gauge how it stacks up competitively. For instance, its lot size ranking in the top 15% city-wide is a standout feature.
2. Is the finished basement included in the 1,076 sqft living area?
Typically, the listed "living area" (1,076 sqft) refers to above-grade, heated space. The finished basement is an additional area, adding functional living space like a family room or extra bedrooms not reflected in that main square footage figure.
3. The home was built in 1971. What should I be aware of?
While systems like roof, windows, and major mechanicals (furnace, electrical) may have been updated over the years, a home of this age warrants a thorough inspection. Potential items could include original plumbing, insulation standards, and the overall condition of the foundation and structure.
4. There's no garage. How does that impact value and daily life?
The lack of a garage is a trade-off for the lot size and price point. It means relying on street parking or considering the cost and feasibility of adding a driveway or future garage—a potential project for a handy buyer. For some, the large yard outweighs this convenience.
5. The last sale was in 2017 for $352,000. How does that relate to the current price?
The 2017 sale price provides historical context. The current assessed value of $396,000 suggests market growth and stability in the area. It's a data point for negotiation, but the final price will be determined by current market conditions, the home's present state, and buyer demand.