Property Overview
59 Elmvale Crescent is a spacious, well-established family home in the desirable Southboine area of Winnipeg. Built in 1979, it offers nearly 2,800 sqft of living space on a large, 7,000 sqft lot. The home features a finished basement and a two-storey layout. Its key appeal lies in its generous proportions, both indoors and out, providing room to grow and relax. The property ranks highly for its size and value within Winnipeg, placing in the top tier of homes city-wide for living area and assessed value.
This home would best suit a buyer looking for established character and space over modern, turn-key finishes. It’s ideal for a growing family that values large indoor and outdoor spaces in a mature neighbourhood, or for someone who sees potential in a solid, sizable property that may benefit from personal updates over time.
Key Questions for Buyers
1. What is the neighbourhood like?
Southboine is a mature, established community in Winnipeg known for its larger lots, tree-lined streets, and a mix of architectural styles. It offers a quiet, residential feel while remaining relatively central.
2. How does the assessed value compare to the likely asking price?
The current municipal assessment is $620,000. It’s important to note that assessed value is for tax purposes and the market price is determined by recent sales, condition, and demand. The last known sale was in 2016 for $530,000.
3. Is there a garage?
The listing indicates there is no garage. Buyers should consider this for vehicle storage and workshop needs, though the large lot may offer potential for future addition, subject to local bylaws.
4. The home is 47 years old. What should I be aware of?
As with any home of this age, a thorough inspection is essential. Key systems like the roof, windows, plumbing, and electrical may be at or beyond their typical lifespan and should be evaluated carefully.
5. The home ranks very high for size but lower for age in the area. What does this mean?
This indicates you are getting a larger-than-average home for Winnipeg and the neighbourhood, but one that is older than many in its immediate area. The value proposition is space and established location, not a newer build.