This 1993 two-storey home in Elmhurst offers a well-proportioned and established family living space. Its key appeal lies in its balance of above-average size, a desirable lot, and a strong position within the broader Winnipeg market. With 1,930 sqft of living space and a 6,439 sqft lot, it provides ample room both indoors and out. The home features a finished basement and an attached garage. Its standout characteristic is its competitive ranking across several metrics: it places in the top 25% of its street for size and value, and ranks within the top 11% city-wide for both living area and assessed value. This suggests a property that outperforms many peers in terms of space and municipal valuation. The home suits buyers looking for a move-in ready, low-maintenance property in a mature neighbourhood, particularly those who value data-driven indicators of a home's relative market position over flashy new upgrades.
-
What do the ranking percentages actually mean?
They show how this property compares to others in its immediate area and the whole city. For example, being newer than 90% of homes in Elmhurst means it likely requires less immediate repair than many neighbouring houses, while being larger than 89% of Winnipeg homes confirms its above-average spaciousness.
-
Is the assessed value a reliable indicator of market price?
Municipal assessments are a useful benchmark but are not the same as a current market appraisal. An assessment in the top 9% city-wide strongly indicates a solid foundation of value, but the final sale price will be determined by recent comparable sales, condition, and market demand.
-
What are the pros and cons of a 1993 build?
Homes from this era typically benefit from modern wiring and standards, while being past the initial "shakedown" period of brand-new builds. Potential buyers should still budget for the eventual replacement of original components, such as the roof, windows, or major appliances, which may be nearing the end of their typical lifespans.
-
Who would this neighbourhood suit best?
Elmhurst is a long-established, quiet community. It would appeal to those seeking stability, larger lot sizes, and a sense of community over the buzz of newer, high-density subdivisions. It's ideal for families or downsizers who want space without being on the city's outskirts.
-
What's less obvious about the value here?
The consistent rankings across categories—size, age, and value—suggest a property that is harmoniously aligned with its surroundings, not an outlier. This can mean more predictable resale value and less risk compared to a home that ranks highly in only one area. The large lot also offers long-term potential for expansion or landscaping, which is increasingly rare in newer developments.