Property Overview & Appeal
This 1992-built, single-storey home in Elmhurst offers a practical and spacious layout on a large, 7,415 sqft lot. Its key characteristics include a fully finished basement, an attached garage, and a generous 1,704 sqft of living space. The appeal lies in its established neighborhood setting combined with above-average rankings for its size, age, and assessed value compared to most of Winnipeg. It sits comfortably within the top tiers for these metrics locally, suggesting a well-proportioned property for its area.
This home would suit buyers looking for a move-in-ready, low-maintenance bungalow layout, ideal for downsizers or those seeking single-level living. The large lot also presents a significant draw for gardeners, families wanting outdoor space, or future expansion. A thoughtful perspective is that while not the newest on the street, its 1992 construction means major components may be nearing a standard renewal cycle, offering the next owner the chance to update systems to their own preferences.
Frequently Asked Questions
1. How does this property truly compare to others in the area?
The provided rankings are a strong indicator. This home consistently places in the top 30-40% of its immediate neighborhood and street for size and age, and even more impressively, in the top 15-20% across all of Winnipeg for lot size, living area, and assessed value, signaling a solid and competitive offering.
2. What does the "fully finished basement" entail?
The listing confirms the basement is finished, adding to the home's functional living space. We recommend verifying the quality, ceiling height, and compliance of the finishings, as standards have evolved since the home was built in 1992.
3. Is the property fairly priced based on its assessment?
The current assessed value is $512,000. It's important to note that municipal assessments are for tax purposes and can differ from market value. A key next step would be to compare this assessment with recent sale prices of similar homes in Elmhurst to gauge the listing price's relationship to the market.
4. What are the potential considerations with a home of this age?
Built in 1992, the home is now 34 years old. While likely well-maintained, prospective buyers should pay special attention to the condition of major aging components like the roof, windows, HVAC system, and plumbing, as these may be due for service or replacement.
5. Who would this property be most suitable for?
Its single-storey design is ideal for those seeking accessibility or wanting to avoid stairs. The large lot is a significant asset for anyone valuing private outdoor space. Given its strong rankings for space both inside and out, it appeals to those who want more room than the average Winnipeg home offers, without necessarily being a brand-new build.