15 Apex Street

Property Overview

This 1982-built bi-level home at 15 Apex Street offers a practical and well-established family living environment in Elmhurst. Its key appeal lies in its generous 6,239 sqft lot, providing ample outdoor space that is increasingly rare, and a finished basement that extends the functional living area beyond the 1,035 sqft main floor. The home presents a grounded opportunity: it ranks highly for its lot size and assessed value within Winnipeg, suggesting solid underlying value, but the interior living space is more modest and typical for its neighborhood. It suits buyers looking for a long-term home with room to grow outdoors, who value a quiet street setting over a large interior footprint, and who are comfortable with a property that offers potential to personalize over time rather than a move-in-ready showcase.

Key Considerations & FAQs

1. What is the practical benefit of the high lot size ranking? It means the yard is significantly larger than most in Winnipeg, offering exceptional space for gardening, play, or future additions like a deck or shed, which is a major asset for families or outdoor enthusiasts.

2. The living area ranks lower; does the home feel small? As a bi-level with a finished basement, the total usable space is greater than the main floor square footage suggests. The layout likely spreads living areas across multiple levels, which can offer good separation of living and sleeping zones.

3. Who would this property be most suitable for? It's ideal for first-time buyers or growing families seeking a stable neighborhood with a large yard. It also suits value-oriented buyers who see potential in the land and are willing to update the interior to their taste over the years.

4. What does the assessment value ranking indicate? The assessment ranks higher than the living space, which often reflects the value contributed by the large lot and established location. This can be a positive indicator for long-term property value stability.

5. Are there any immediate drawbacks to consider? The home is 44 years old, so a thorough inspection of major systems (roof, furnace, windows) is essential. The bi-level design involves stairs to the main entrance, which may not suit everyone.