Property Overview
This 1989 two-storey home in Elmhurst offers a well-established and spacious family living environment. Its key appeal lies in its generous proportions, both in the 2,075 sqft living area and the large 6,113 sqft lot, providing ample room indoors and out. The home features a finished basement and an attached garage. Its competitive strength is highlighted by strong city-wide rankings; it stands within the top 28% of Winnipeg for lot size, the top 8% for living area, and the top 10% for assessed value, indicating a property that is above average in scale and municipal valuation for the broader market. However, its rankings within its immediate neighborhood and street are more moderate, suggesting it is a solid, sizable home in a mature area rather than a standout luxury property locally.
This home would best suit a buyer looking for established neighborhood character, who prioritizes interior and yard space over a brand-new build. It’s a practical choice for a family seeking room to grow without venturing into the premium price tiers of newer subdivisions. The data suggests a property that offers good value relative to the entire city, appealing to those who make comparative market analysis a key part of their search.
Frequently Asked Questions
Q: How do the ranking percentages work?
A: They show how this property compares to others. For example, being in the "top 8%" for living area in Winnipeg means 92% of city homes are smaller. It's a quick way to gauge its relative size, value, and age against the market.
Q: What does the age of the home (37 years) mean for a buyer?
A: It indicates a mature property in an established neighborhood. You can expect larger lots and mature landscaping, but systems like the roof, windows, and furnace may be due for inspection or updates, which should be factored into planning.
Q: The home ranks very well city-wide but lower on its street. What does that indicate?
A: This often points to a consistent, desirable street where homes are similar in quality. It means you're buying into a stable area where the property is competitive but not an outlier. The high city rankings confirm you're getting more space for your money compared to Winnipeg overall.
Q: Is the finished basement included in the 2,075 sqft living area?
A: Typically, municipal living area (sqft) refers to above-grade space. The finished basement is an additional bonus area, adding functional space like a rec room or extra bedrooms not reflected in that main square footage figure.
Q: What is the significance of the assessed value?
A: The municipal assessment of $562,000 is used for calculating property taxes. It is not the market value, but it is a data point. The fact that it ranks in the top 10% city-wide aligns with the home's above-average physical dimensions, suggesting the city views it as a substantial property.