11 Ascot Bay

Property Overview: 11 Ascot Bay, Elmhurst, Winnipeg

Key Characteristics & Appeal

This is a well-situated, classic one-storey bungalow on a large, mature lot in Elmhurst. Built in 1969, its primary appeal lies in its generous 7,278 sqft property—a significant size that offers privacy and space for gardening or expansion, ranking highly within the wider city. The home features 1,120 sqft of living space with a finished basement and a detached garage.

Its appeal is grounded in space and location. The lot size is a standout feature, offering more land than most Winnipeg homes. While the house itself is of average size for the area, the finished basement adds functional living space. The property suits buyers looking for a solid, no-frills home in a mature neighbourhood with room to breathe. It would particularly fit a first-time buyer or downsizer seeking single-level living without a cramped yard, or a practical investor attracted by the large lot's long-term value. A thoughtful perspective is that while the home’s assessed value is modest for the area, the exceptional lot size represents a tangible asset that is increasingly rare, offering potential that isn't immediately reflected in the square footage of the house itself.

Frequently Asked Questions

1. What does the ranking data actually mean?
The rankings compare this property against others on its street, in Elmhurst, and across all of Winnipeg for specific metrics. For example, its land size ranks in the top 15% city-wide, meaning it's larger than 85% of Winnipeg lots, which is a major advantage. Conversely, its build year is newer than only 11% of homes in Elmhurst, indicating a neighbourhood with many newer properties.

2. Is the house in original condition?
Given its 1969 build date and the market description, buyers should anticipate a home that may require updates to mechanical systems, windows, or interior finishes. The finished basement adds value, but its age and condition should be verified during a viewing and inspection.

3. What are the implications of a detached garage?
A detached garage offers flexibility and can be ideal for a workshop or separate storage. However, it means navigating outdoors to access your vehicle during Winnipeg winters, which is a consideration compared to an attached garage.

4. How does the assessment value relate to the likely selling price?
The municipal assessment of $365,000 is for tax purposes and is typically based on historical market data. The final sale price is determined by current market conditions, the property's specific state, and buyer demand. In a stable market, it can serve as a rough baseline, but it is not a guaranteed selling price.

5. Who would this property not suit?
It may not be ideal for those seeking a modern, move-in-ready home without any projects, or for families requiring significant above-grade bedroom and bathroom space. The single-storey layout and average interior size might feel constrained for larger households compared to multi-level homes.