11 Milan Street

Property Summary: 11 Milan Street, Winnipeg

Section 1: Key Characteristics & Appeal

This well-situated Elmhurst bungalow presents a practical and comfortable living opportunity. Its key characteristics include a generous 1,475 sqft of living space, a fully finished basement, and a sizable lot of nearly 6,000 sqft, providing ample room for both indoor living and outdoor activities. Built in 1977, the home benefits from a classic, single-story layout with an attached garage.

The appeal lies in its established neighborhood setting and its strong performance in key metrics relative to the broader Winnipeg market. The property ranks in the top third city-wide for both lot size and living area, offering more space than most comparable homes. Its assessed value also places it in the top quarter of all Winnipeg properties, suggesting a solid foundation of value. This home would suit buyers looking for a move-in-ready bungalow without the premium of a new build, prioritizing space, a low-maintenance yard, and the mature charm of the Elmhurst area. It's a strong candidate for first-time buyers seeking room to grow, downsizers wanting single-level living, or pragmatic investors attracted by its above-average fundamentals.

Section 2: Frequently Asked Questions

1. What do the ranking percentages actually mean?
They show how this property compares to others. For example, ranking in the "top 33%" for lot size in Winnipeg means its lot is larger than 67% of all properties in the city, indicating a notable advantage in outdoor space.

2. Is the 1977 build year a concern?
While not a new build, the home's age is typical for the neighborhood. Its above-average rankings for value and size suggest it has been maintained and assessed favorably. A thorough inspection would be advised to understand the condition of major systems like roof, windows, and plumbing.

3. What is the neighborhood like?
Elmhurst is a mature, established community. The rankings show this home is very typical for its immediate street and area in terms of size and age, meaning it fits right in without being an outlier, which can be positive for consistency and future value.

4. Why is the assessed value higher than many Winnipeg homes?
The assessment reflects the property's attributes as recorded by the city. Its high ranking (top 24%) is likely due to the combination of its above-average living space, large lot, and finished basement, all contributing to its official valuation.

5. What's the potential here for future value?
The data suggests the core assets—land size and living space—are competitive strengths. Future value may be influenced by updates to the interior (as the home is nearly 50 years old) and general market trends in this well-established part of Winnipeg.