Property Overview

This 1984-built, four-level split home in Elmhurst offers a practical layout with 1,638 sq ft of living space on a generous 5,186 sq ft lot. Its key characteristic is a balance of established neighborhood maturity and above-average home size for the area. The appeal lies in its relative value: it provides more interior space than nearly 80% of Winnipeg homes and sits on a larger lot than most in its immediate community, all at an assessed value that positions it accessibly within the broader market. The unfinished basement presents a clear opportunity for customization and added equity.

It would suit a buyer looking for a home with room to grow in a settled area, who values space over a brand-new build and is comfortable with a property that has a history but also clear potential. A hands-on buyer willing to finish the basement to their own taste would get the most from this property. Its rankings suggest it's a newer and larger home on its street, offering a slight edge within its specific block.

Key Questions for Consideration

1. What is the true condition given its age? Built in 1984, major components like the roof, windows, and heating system may be at or beyond their typical lifespan. A thorough inspection is essential to understand upcoming maintenance.
2. What are the costs and potential of finishing the basement? The unfinished basement adds flexible space but requires investment. Inquiring about existing plumbing rough-ins, ceiling height, and moisture-proofing will help gauge the project's scope and value.
3. How does the four-level split layout function for daily life? This style often involves short flights of stairs between living areas. Consider if this flow suits your household, especially for young children, aging family members, or anyone with mobility considerations.
4. Why is the assessed value relatively low for its size and area? The assessment ranks lower than the home's size and age rankings. This could reflect the unfinished state, specific condition factors, or market nuances in Elmhurst, and is a useful point of discussion when determining a fair offer price.
5. What is the character of the immediate street? The home ranks highly for age and size on its specific street of 18 properties, meaning it's likely one of the larger and newer homes on the block. This could be an advantage, but it's worth visiting at different times to understand the neighborhood dynamic.