Property Summary: 32 Elmvale Crescent
Key Characteristics & Appeal
This is a well-established, single-storey home in Southboine, Winnipeg, built in 1977. Its primary appeal lies in its generous, mature lot of over 7,300 square feet—a significant asset in the city—combined with a fully finished basement, offering expanded living space. The home’s competitive strength is its overall value proposition: it ranks within the top 14% of all Winnipeg properties for lot size and the top 23% for assessed value, indicating a solid, above-average standing in the broader market. While the interior living space is more modestly sized, the finished basement and large yard create excellent potential for both indoor and outdoor living.
It would suit practical buyers looking for a grounded, long-term home in a mature neighbourhood. It’s ideal for those who prioritize private outdoor space over a brand-new build, and for households that value the flexibility a finished basement provides—whether for family, hobbies, or guests. The rankings suggest it’s a property that holds its own in the wider city context, making it a sensible choice for buyers seeking a balance of space and value without venturing to the outer suburbs.
Frequently Asked Questions
1. What does the ranking data actually tell me?
The rankings compare this property to others on its street, in Southboine, and across all of Winnipeg. Key takeaways are that its large lot is a major asset city-wide, and its overall assessed value is strong compared to most Winnipeg homes, though it is more average within its immediate community.
2. Is the 1977 build year a concern?
While not a new build, the home is from an era of solid construction. The more relevant factors are the upkeep and updates made over the years, which should be verified via a viewing and inspection. Its age is fairly typical for the neighbourhood.
3. How usable is the large lot?
The nearly 7,400 sqft lot offers ample space for gardening, play, pets, or future additions like a deck or shed. It’s a standout feature for privacy and outdoor activities, but also implies responsibility for maintenance.
4. Who might this home not suit?
Buyers seeking a modern, open-concept layout or immediate move-in condition without any projects may need to budget for updates. Its interior space rankings are lower than its lot rankings, so those needing extensive main-floor square footage might find it limiting.
5. What’s the significance of the finished basement?
It immediately adds functional space beyond the 1,381 sqft main floor, which is crucial for growing families or those wanting separate areas for entertainment, work, or guests. It effectively increases the home’s usable footprint.