Property Overview & Key Characteristics
This 1983-built, one-storey home in Elmhurst offers a practical layout with 1,295 sqft of living space on a notably large 7,392 sqft lot. Its key appeal lies in a combination of space, established location, and recent value stability. The fully finished basement adds functional living area, while the attached garage provides convenience. The property’s standout feature is its generous lot size, which ranks highly within Winnipeg and offers significant outdoor potential.
Its appeal is grounded in being a well-sized family home in a mature neighbourhood. The data shows it consistently performs above average in assessments and recent sales for the broader city, suggesting a solid investment in a stable market. It particularly suits buyers looking for a move-in ready, single-level living option with a large yard for gardening, children, or future expansion, without the premium of a brand-new build.
Five Potential Buyer Questions
1. What does the lot size actually mean for me?
At nearly 7,400 sqft, the lot is significantly larger than many in the city. This offers ample private outdoor space, greater distance from neighbours, and potential for additions like a shed, deck, or garden, which can be harder to find in newer subdivisions.
2. The house was built in 1983. What should I be aware of?
While the home is not historic, it is entering a period where original components may need attention or updating. A thorough inspection should focus on the roof, windows, and major mechanical systems (like the furnace and water heater) to assess their remaining lifespan and plan for future maintenance.
3. How do the provided rankings help me?
They contextualize the home’s metrics against its immediate neighbours and the wider city. For instance, ranking in the top 14% of Winnipeg for lot size highlights a key advantage, while its average ranking for living space within the community sets realistic expectations for the home's footprint.
4. The 2023 sale price is very close to the current assessed value. What does that indicate?
This close alignment suggests the market currently agrees with the city’s assessment, reflecting stable and transparent value without a significant premium or discount. It indicates a balanced entry point rather than a speculative purchase.
5. Is the fully finished basement a legal suite?
The description states the basement is finished but does not specify it as a legal secondary suite. Buyers interested in rental income should verify with the city if it meets all zoning, safety, and licensing requirements for a legal suite, as this affects both value and insurance.