Property Overview
This two-storey family home in Elmhurst offers a well-established and spacious setting on a large, nearly 10,000 sqft lot. Built in 1981, its key appeal lies in its above-average size, both in living space (1,870 sqft) and land, providing room to grow and privacy that is increasingly rare. The home features a finished basement and an attached garage. Its standout characteristic is its consistently strong competitive positioning within its immediate area; it ranks in the top tiers for lot size, living area, and overall assessed value compared to most neighbors on its street and across Winnipeg. This suggests a property that has been maintained well and occupies a desirable position within its locale.
The home would suit buyers looking for a move-in ready, traditional family home in a mature neighborhood, who prioritize indoor and outdoor space over a brand-new build. It’s particularly suited for those who value a property that already outperforms many of its peers in key metrics, indicating a sound long-term investment in a stable area. A thoughtful perspective is that while the home is 45 years old, its high rankings for size and value against newer homes city-wide speak to the enduring appeal of its fundamental attributes: substantial land and generous square footage.
Frequently Asked Questions
1. How does the age of the home affect its condition and potential costs?
While built in 1981, the home's assessed value ranks highly, suggesting it has been well-kept. However, as with any home of this age, buyers should budget for potential updates to major systems like roofing, HVAC, or windows, and consider a thorough inspection.
2. What do the ranking percentages actually mean for me?
They show how this property compares to others. For example, ranking in the "top 6%" for lot size in Winnipeg means the lot is larger than 94% of properties in the city, a significant advantage for privacy, gardening, or future expansion.
3. The last sale was in 2016 for $385,000. Is the current assessment of $456,000 realistic?
The assessment is an estimate of market value for taxation. The substantial increase since 2016 reflects market trends, but the final market price is determined by current buyer competition. The assessment does indicate the city views it as a high-value property in its class.
4. Is the finished basement included in the 1,870 sqft living area?
Typically, "living area" refers to above-grade, heated space. The finished basement is an additional bonus space, adding functional square footage for recreation, office, or guest areas not reflected in the main living area figure.
5. Who would this property NOT be ideal for?
It may not suit those seeking a modern, open-concept layout without renovation work, or buyers who prefer a low-maintenance, newer property with recent builder warranties. The large lot also requires more yard maintenance.