Property Summary: 88 Apex Street, Elmhurst, Winnipeg
Key Characteristics & Appeal
This two-storey family home, built in 1997, sits on a large, private 9,300 sqft lot in Winnipeg's Elmhurst neighbourhood. Its primary appeal lies in its combination of generous space, modern amenities, and a highly desirable location. The 2,276 sqft interior is complemented by a finished basement and is anchored by practical features like an attached garage and a swimming pool. The home's standout characteristic is its exceptional performance in local rankings; it consistently places in the top 5-10% of its street, community, and the entire city of Winnipeg for key metrics like lot size, living area, and assessed value. This suggests a property that is not only well-appointed but also a strong and competitive asset within its market.
The property would ideally suit established families or professionals seeking a spacious, move-in-ready home in a mature, sought-after area. It appeals to buyers who value both indoor living space and substantial outdoor privacy, as well as those who appreciate the convenience of a pool for recreation. A less obvious perspective is its appeal to value-conscious buyers who prioritize long-term equity; the home's superior rankings across multiple categories indicate it is a standout property compared to its peers, which can be a marker of stability and potential for value retention.
Frequently Asked Questions
1. What do the ranking percentages actually mean?
They show how this property compares to others in its immediate area. For example, ranking in the top 5% for living area on its street means 95% of houses on Apex Street are smaller. These rankings highlight where the home has competitive advantages.
2. Is a 1997-built home considered modern?
While not brand new, a 1997 build is relatively modern in the context of Winnipeg's housing stock. The rankings indicate it is newer than 93% of homes in Elmhurst, meaning major components like wiring, plumbing, and windows are likely up to contemporary standards without being part of the earliest wave of homes in the area.
3. How does the swimming pool impact value and upkeep?
The pool is a significant lifestyle amenity that adds to summer enjoyment and entertainment appeal. However, buyers should budget for annual maintenance, increased insurance, and utility costs. In this price range and neighbourhood, it is typically seen as a premium feature that aligns with the target market's expectations.
4. Why is the assessed value ($759,000) important?
The assessed value, used for calculating property taxes, is an official estimate from the municipal authority. That it ranks in the top 2% city-wide strongly indicates that the home and its location are formally recognized as being in a high-value tier, which generally correlates with market value.
5. Who might this home not suit?
It may not be ideal for first-time buyers due to its size and likely price point, or for those seeking a brand-new, low-maintenance property. The large lot and pool also require a willingness for ongoing yard and facility upkeep, which might not appeal to those wanting a lock-and-leave lifestyle.