Property Overview
This 1970-built 3-level split home on a large 7,196 sqft lot in Elmhurst presents a classic Winnipeg housing proposition. Its key appeal lies in its generous, established lot—ranking in the top 16% for size across Winnipeg—offering significant outdoor space and potential in a mature neighbourhood. With 1,076 sqft of living space and an unfinished basement, the home is a functional canvas. It ranks above average locally for lot size and building age, suggesting a well-positioned property on its street, but its interior space and assessed value are more modest relative to broader area comparisons. This creates a specific value dynamic: you're primarily investing in the land and location, with the house itself offering solid fundamentals for personalization.
The property would suit a practical buyer looking for entry into a mature neighbourhood with room to grow. It's ideal for a handy homeowner comfortable with gradual updates, or an investor who recognizes the long-term value of a large lot in a settled community. The unfinished basement provides flexible storage or future expansion space, adding to its utility. A thoughtful perspective is that while the home's metrics are middle-of-the-road in its immediate area, its lot size is a standout feature that becomes increasingly valuable over time, offering privacy and options that newer subdivisions often lack.
Frequently Asked Questions
1. What is the true potential of the unfinished basement?
The basement provides essential mechanical space and ample storage. Its unfinished state is a blank slate, allowing for future customization into a recreation room, home office, or additional bedrooms according to a new owner's needs and budget, without needing to undo previous work.
2. How should we interpret the various ranking percentages?
The rankings compare this property against others on its street, in Elmhurst, and across all of Winnipeg. They show a clear strength: the lot size is in the top 16% city-wide. The home's age is also relatively newer than most in Elmhurst. This indicates you are getting a larger-than-average property for the city on a street with homes of mixed ages and sizes.
3. What does the "3-level split" layout typically mean for daily living?
This popular 1970s layout creates distinct living zones across multiple half-levels, offering more privacy and separation than a bungalow or standard two-story. It often means short flights of stairs between living, sleeping, and basement areas, which can be a pro for separation or a con for accessibility.
4. Is the assessed value a reliable indicator of the likely selling price?
The assessed value is for municipal tax purposes. While it provides a benchmark, market conditions, the home's interior condition, and the desirability of its large lot will ultimately determine the sale price. It currently ranks in the lower half for assessed value on its street, which may reflect its original condition and present an opportunity.
5. What is the appeal of the Elmhurst neighbourhood?
Elmhurst is a long-established, stable neighbourhood with mature trees and a mix of home styles and eras. Its appeal is in its community feel and convenience, offering a quiet residential setting while remaining within reach of Winnipeg's amenities. A large lot here provides a rare sense of space and permanence.