10 Apex Street

Property Overview: 10 Apex Street, Elmhurst, Winnipeg

Key Features & Ideal Buyer Profile

This 1982 two-storey home sits on a generous 6,207 sqft lot in Winnipeg's Elmhurst neighbourhood. Its key characteristics include a fully finished basement, an in-ground swimming pool, and an attached garage. With 2,166 sqft of living space, the home is notably larger than most in the area, ranking in the top 10% within its community. The property's assessed value of $548,000 also places it in the upper tier of local homes.

The appeal lies in its established, spacious family footprint combined with recreational amenities. The pool offers immediate summer enjoyment, while the large lot provides room for gardening, play, or expansion. Its rankings suggest a property that offers more space and value than many surrounding homes, which can be a relative advantage in an established neighbourhood.

This home would best suit a buyer looking for a ready-to-use family home with private outdoor leisure space, who values established communities over brand-new construction. It's ideal for those who appreciate having above-average interior space and a large yard, and who are prepared for the maintenance that comes with a pool and a home of this age. A thoughtful perspective is that while the home is 44 years old, its competitive rankings in size and value indicate it has been a well-maintained or updated asset within its peer group.

Frequently Asked Questions

1. What are the ongoing costs associated with the swimming pool?
Expect seasonal opening/closing services, increased water and chemical usage, and higher utility bills for pumping and heating. Proper winterization and regular maintenance are essential to prevent costly repairs.

2. How does the 44-year-old building age affect the home?
While the structure is sound, buyers should proactively inspect major systems common to that era, such as the roof, windows, original plumbing, and electrical. A thorough inspection is crucial to understand any upcoming capital expenditures.

3. The home ranks highly for size locally. What does this mean practically?
It means you get more interior space than most neighbours, which often translates to larger room sizes, more storage, and a greater sense of privacy. However, property taxes and heating/cooling costs will reflect this larger footprint.

4. Is the finished basement a legal suite?
The description states it is a "finished basement." There is no indication it is a legal secondary suite. Buyers interested in rental income would need to investigate local zoning, bylaws, and necessary permits to legalize it, which may require significant upgrades.

5. The lot is large. Are there any development restrictions or opportunities?
A lot of this size in an established area may have potential for additions like a garage, garden suite, or extensive landscaping. However, any development is subject to City of Winnipeg zoning bylaws, setback requirements, and permitting. It's advisable to check with the city regarding allowable uses.