147 Avril Lane

Property Overview: 147 Avril Lane

This 1982-built, one-storey home in Elmhurst offers a practical and comfortable living arrangement on a generous 5,195 sqft lot. Its key appeal lies in its balance of space, established neighbourhood setting, and relative value. The 1,536 sqft living area features a finished basement, providing flexible space for recreation, guests, or a home office. With a detached garage and no pool, it presents a low-maintenance exterior profile.

The home’s statistical rankings offer a grounded perspective: while its living area is more compact than many in its immediate area, it sits on a lot size that ranks highly within the community. Its assessed value positions it in the top 20% for all of Winnipeg, suggesting a strong perceived value for the property type. This combination suits first-time buyers looking for a move-in-ready home with room to grow, downsizers seeking single-level living without sacrificing yard space, or value-oriented investors attracted to a stable, established neighbourhood.

Key Considerations & FAQs

1. What is the neighbourhood like?
   Elmhurst is a mature, established community. The high lot-size ranking for this street suggests a pleasant, spacious streetscape, but prospective buyers should explore the area personally to gauge its current character and fit for their lifestyle.

2. How does the finished basement add value?
   Beyond extra square footage, a finished basement in a 1,536 sqft home significantly enhances livability. It can offset the smaller main floor footprint by providing crucial separate space for hobbies, teenagers, a home gym, or occasional guests, making the overall home feel larger.

3. The home is older—what should I be prepared for?
   Built in 1982, major components like the roof, windows, furnace, and plumbing may be at or beyond their typical service life. A thorough inspection is essential to understand the condition and prioritize any upcoming updates, which is typical for homes of this vintage.

4. The living area ranks lower on the street. Does this matter?
   This indicates the home has a more efficient or compact layout compared to some neighbours. For some, this means less to clean and maintain. It highlights the importance of assessing whether the floorplan’s flow and room sizes work for your needs, as the finished basement effectively expands the usable space.

5. What does the assessment value tell me?
   An assessed value placing the home in Winnipeg’s top 20% for its assessment bracket, while being one of the more affordable options on its street, can indicate a strong value proposition. It often reflects the desirable lot size and the established nature of the property, but the final market price is determined by current buyer demand.