Property Overview: 91 Epsom Place, Elmhurst, Winnipeg
Key Characteristics & Appeal
This 1968-built, one-storey home sits on a large, 7,572 sqft lot in the established Elmhurst neighborhood. Its key features include a fully finished basement and a detached garage. With 1,023 sqft of living space, it offers a manageable footprint.
The primary appeal lies in its exceptional lot size, which ranks in the top 13% city-wide, offering significant outdoor space and potential in a mature area. The home’s overall value proposition is strong, with its city-wide assessment ranking in the top 48%. It suits first-time buyers or downsizers looking for a solid, single-level home with a generous yard in a quiet neighborhood, without the premium of a newer build. A thoughtful perspective is that while the house itself is modest in size and era, the land represents a substantial asset—offering privacy, room for gardens or expansion, and a sense of space that is increasingly rare. It’s a property where the true value may be more in the dirt it sits on than the structure above it.
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 example, its lot size ranks in the top 13% in the city, meaning it's larger than 87% of Winnipeg properties, which is a standout feature.
2. Is the house in original condition?
Built in 1968, the home is 58 years old. Its interior and systems likely reflect its age, though the basement has been finished. Buyers should budget for updates typical of a home from this era.
3. How does the assessment value relate to the listing price?
The municipal assessment is $355,000, used for calculating property taxes. The listing price is set by the seller and the market; it can be higher or lower than this assessed value.
4. What are the implications of such a large lot?
The 7,572 sqft lot offers great outdoor space but also means more yard maintenance. It could provide future potential for additions or landscaping projects, but any structural changes would require city permits.
5. Why is the living area ranking lower than the lot ranking?
The home's 1,023 sqft is smaller than many houses in Winnipeg, hence its lower ranking for living space. This highlights the property’s dynamic: you are primarily acquiring a large lot with a comfortable, but not expansive, house on it.