15 Ascot Bay

Property Overview: 15 Ascot Bay, Elmhurst, Winnipeg

Section 1: Key Characteristics & Appeal

This is a well-situated, classic 1969 three-level split home on a large, mature lot in Elmhurst. Its key characteristics include a fully finished basement, 1,045 sqft of living space, and a generous 7,278 sqft property. The home’s standout feature is its land size, which is larger than 85% of all properties in Winnipeg, offering significant outdoor space and potential. While the living area is modest, the multi-level layout provides clear zoning for different activities.

Its appeal lies in a blend of established neighbourhood charm, a premium-sized lot, and recent market validation, having sold for $412,000 in 2022. The data suggests a property with solid fundamentals: it’s newer than most on its street, sits on land that is a relative rarity city-wide, and holds an assessed value that provides a grounded benchmark. It would suit first-time buyers or downsizers seeking a manageable home with room to garden or entertain outdoors, or value-focused buyers who see long-term potential in the lot itself rather than just the current structure. It’s a practical choice for someone who values space over brand-new finishes.

Section 2: Frequently Asked Questions

1. What are the pros and cons of a three-level split layout?
Pros include defined separation between living, sleeping, and recreational areas, which can offer privacy and reduce noise. Cons often involve more stairs, which can be a consideration for mobility, and sometimes smaller, segmented rooms compared to open-concept designs.

2. The lot is large, but what is it like?
At over 7,200 sqft, the lot is a major asset. Buyers should consider the maintenance (lawn care, gardening) it requires and investigate any zoning bylaws regarding future uses, like adding a garage or expanding the home, to understand its full potential.

3. The home was built in 1969. What should I be aware of?
While newer than most on its street, a home of this age may have original or aging major components. A thorough inspection should focus on the roof, windows, plumbing, electrical systems, and the foundation for any signs of wear or needed updates.

4. How does the 2022 sale price relate to today’s asking price?
The 2022 sale provides a recent market anchor, showing what a buyer was willing to pay under past market conditions. It’s a crucial data point, but the current value will be influenced by changes in the market, any updates made since then, and current buyer demand.

5. There’s no garage. Is adding one feasible?
The large lot certainly makes it a possibility from a space perspective. The critical steps would be to check City of Winnipeg zoning regulations for the property, obtain cost estimates for construction, and determine if the investment would align with the neighbourhood’s typical home features.