115 Epsom Crescent

Property Overview: 115 Epsom Crescent, Winnipeg

Key Characteristics & Appeal

This 1983-built, one-storey home in Elmhurst offers a practical and spacious layout on a large, mature lot. Its key features include 1,730 sqft of living space, a fully finished basement, and a detached garage. The property stands out for its above-average lot size (7,394 sqft) and its strong relative rankings within the city, particularly for its assessed value and living area, which surpass over 80% of Winnipeg homes. Its appeal lies in this combination of established neighborhood character, generous indoor and outdoor space, and solid value positioning compared to broader market.

The home is well-suited for buyers seeking a single-level living arrangement, such as downsizers or those looking for minimal stairs, who still desire a sizable yard. It would also appeal to value-conscious purchasers who prioritize more square footage and land over a newer build, and who appreciate the stability of a home that has seen significant equity growth since its last sale in 2019.

A less obvious perspective is the advantage of its 1980s construction era, which often offers a balance of modern layouts and building techniques while avoiding some of the premium costs associated with brand-new homes. Furthermore, its high percentile rankings for lot size and value in a mature area like Elmhurst suggest a property that is not only comfortable but also a competitively positioned asset within its community.

Frequently Asked Questions

1. What does the "fully finished basement" include?
While the listing confirms the basement is finished, specific details on rooms, ceiling height, and finishes are not provided. This would be a key point to clarify with the seller or agent to understand the full scope of livable space.

2. How does the 2019 sale price relate to the current assessment?
The home sold for $423,000 in September 2019 and now has a municipal assessed value of $481,000. This indicates a strong increase in its assessed value over a ~4.5 year period, which can be a positive market indicator, though the final sale price is determined by the current market.

3. The home ranks very high for its "newness" on the street. What does this mean?
Built in 1983, it is newer than 98% of other homes on Epsom Crescent. This suggests the street consists primarily of older, well-established homes, making this one of the more recent constructions in the immediate area.

4. Is the detached garage a single or double?
The listing specifies a "detached garage" but not its size. Given the home's era and lot size, it could accommodate a double garage, but this is an important detail to verify.

5. What are the implications of such a high lot size ranking?
With a lot size surpassing most homes in Winnipeg, it offers exceptional outdoor space for gardening, recreation, or future expansion (subject to bylaws). In a mature neighborhood, this amount of land is a significant and increasingly rare asset.