Property Overview: 83 Epsom Place, Elmhurst, Winnipeg
Section 1: Key Characteristics & Appeal
This well-situated two-storey home in Elmhurst offers a classic layout with 1,536 sqft of living space and a finished basement, built in 1968. Its primary appeal lies in its generous 7,278 sqft lot, providing significant outdoor space that is increasingly rare, and its strong overall standing within the wider Winnipeg market. The property ranks in the top 15% of the city for lot size and the top 26% for living area, indicating a home that is both spaciously appointed on a sizable piece of land.
The home would suit practical buyers looking for value and space over flashy updates. It's ideal for a growing family, a multi-generational household, or a buyer who prioritizes a large yard for gardening, recreation, or future expansion over a brand-new build. The rankings suggest a solid, established property in a mature neighborhood, offering more house and land for the dollar compared to many city-wide alternatives. A thoughtful perspective is that while the home's assessed value ranks in the middle tiers, its superior rankings for space (both indoors and out) highlight its underlying asset value—the land and square footage—which are permanent advantages over more recently built but potentially smaller properties.
Section 2: 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 specific metrics. For example, being in the "top 15% city-wide for lot size" means 85% of Winnipeg properties have a smaller lot. It's a quick way to gauge its relative strengths.
2. The home was built in 1968. What should I consider?
While the structure is mature, it has stood the test of time. A pre-purchase inspection is essential to understand the condition of major systems like roof, wiring, and plumbing. The upside is that homes of this era often feature solid construction and roomy floor plans.
3. There's no garage. Is that a major drawback?
For some buyers, yes. It requires planning for vehicle parking and storage. However, the large lot presents a clear opportunity to add a garage or shed in the future, subject to local bylaws—a potential advantage for a buyer looking to customize.
4. How does the assessed value relate to the listing price?
The municipal assessment ($376,000) is for tax purposes and is one data point. The listing price is set by the seller and market conditions. It's common for them to differ. Your real estate agent can provide a comparative market analysis for the most accurate pricing context.
5. The community ranking for "newness" is low. Is the area declining?
Not at all. This simply means most homes in Elmhurst are older, which is typical for established, tree-lined neighborhoods. The community's high ranking for lot size (top 39%) confirms it's a desirable area of larger, classic properties, not a sign of decline.