Property Overview
This 1972-built, one-storey home on a large 7,207 sqft lot in Elmhurst offers a practical and private living space. Its key appeal lies in its balance of established neighbourhood character, generous outdoor space, and recent market activity that suggests solid value retention. The fully finished basement adds valuable functional square footage beyond the 1,105 sqft main floor.
The home suits first-time buyers or downsizers looking for a manageable single-level layout with room to grow outdoors. It also appeals to value-conscious buyers who prioritize lot size and a quiet street over a brand-new build, and who find reassurance in the home's recent resale history, having been purchased and now sold again within a current market cycle.
Frequently Asked Questions
How does the lot size compare to others in the area?
The property's lot is over 7,200 sqft, which is larger than 85% of all residential lots in Winnipeg, offering significant outdoor privacy and potential not commonly found in many newer subdivisions.
The home was last sold in 2022. Why is it being sold again so soon?
While the specific reason isn't listed, the 2022 purchase price and current assessed value are closely aligned, indicating stable market value. Life circumstances like job relocation or changing space needs are common factors for shorter ownership periods.
What does the "fully finished basement" include?
The details aren't specified, but a finished basement in a home of this era typically adds flexible living space such as additional bedrooms, a family room, or a recreational area, effectively increasing the usable living area.
Are there any concerns with a home built in 1972?
As with any home over 50 years old, a thorough inspection is essential to assess the condition of major systems like roof, plumbing, and electrical, which may be original or have been updated over time. The rankings show it's newer than 70% of homes on its own street.
How is the property's value positioned in the current market?
The home's assessed value and its 2022 sale price are both in a similar range, placing it above average for Winnipeg overall. This suggests it's not an entry-level bargain but a mid-tier property in a stable, established neighbourhood.