Property Overview: 75 Elmvale Crescent
Key Characteristics & Appeal
This is a substantial, well-established family home in Southboine, Winnipeg. Built in 1979, its primary appeal lies in its generous scale and mature lot. With over 3,300 square feet of finished living space and a 13,000+ square foot property, it offers significant room both inside and out, ranking in the top tier of Winnipeg homes for size. The home features a finished basement and an attached garage. Its value is underscored by an assessed value of $966,000, which places it in the top 1% of the city.
The appeal here is for buyers seeking space, privacy, and established character over new construction. It suits a family looking for long-term stability in a mature neighbourhood, where the large yard and spacious interiors can accommodate growing or multi-generational needs. A less obvious perspective is its potential for a buyer who values a "blank canvas" within a solid structure; while updated, a home of this age and size offers the opportunity to customize and modernize incrementally over time. It’s also a property for those who appreciate statistical standing, as it consistently ranks highly for size and value within its immediate area and the wider city.
Frequently Asked Questions
1. What does the ranking data (e.g., "top 1%") actually mean?
The rankings compare this property against others on its street, in its neighbourhood, and across all of Winnipeg for specific metrics like living area and assessed value. Being in the "top 1% city-wide for living area" means it is larger than 99% of homes in Winnipeg, highlighting its exceptional size.
2. Is a 47-year-old home a concern?
While the structure is proven, the age implies that major components like the roof, windows, and mechanical systems (furnace, plumbing) may be at or beyond their typical lifespan. A thorough inspection is essential to understand the condition and plan for potential updates or maintenance.
3. Who is the ideal buyer for this property?
It is ideally suited for a family or household that prioritizes ample indoor and outdoor space over a brand-new build. It would also appeal to buyers who are comfortable with the maintenance and potential updating projects that come with a mature, large-scale home and property.
4. What are the advantages of such a large lot?
The nearly one-third-acre lot offers extensive privacy, space for gardening, recreational areas, and potential for additions like a shed, sport court, or extensive landscaping. It provides a rare sense of openness within the city.
5. How should I interpret the high assessed value?
The municipal assessment of $966,000 is a key indicator of the property's official taxable value and market standing. It suggests a strong valuation foundation, but the final sale price is determined by the current market, buyer demand, and the home's specific condition.