15 Milan Street

Property Overview

15 Milan Street is a well-established bi-level home in Winnipeg's Elmhurst neighborhood. Built in 1977, it sits on a large, nearly 6,000 sqft lot and offers 1,200 sqft of living space with a finished basement and an attached garage. Its key appeal lies in its balance of space, established community, and relative value. The home ranks above average for the city in both lot size and assessed value, suggesting a solid footprint and favorable municipal valuation for its area. It would particularly suit first-time buyers or downsizers looking for a manageable, single-family home with outdoor space in a mature neighborhood, without the premium of a newer build. A thoughtful perspective is that while the living area is modest relative to the lot size, this presents an opportunity for future expansion or simply enjoying generous green space—a rarity in many newer subdivisions.

Frequently Asked Questions

1. What is a bi-level layout, and what are its pros and cons?
A bi-level home features two levels separated by a short staircase from the main entrance. Typically, the entry leads to living areas on one level and bedrooms on another. This style offers good separation of space and often has a basement that is partially above ground, allowing for more natural light. The potential downside is more interior stairs than a ranch-style bungalow.

2. How does the age of the home (1977) affect it?
Homes from this era often feature sturdy construction and mature landscaping. Buyers should budget for updates to aging components common for the period, such as windows, roofing, or the heating system, but can also benefit from well-established neighborhoods with larger lot sizes than newer builds.

3. The rankings show it's in the top third for value in Winnipeg but middle for its neighborhood. What does this mean?
This indicates the property is assessed as a good value within the broader Winnipeg market, but is more average compared to its immediate Elmhurst neighbors. It suggests you may get more house and land for your money here than in many parts of the city, while the neighborhood itself may have a mix of higher and lower-valued homes.

4. Is the finished basement included in the 1,200 sqft living area?
Typically, the listed "living area" (or above-grade square footage) does not include basement space, even if finished. The 1,200 sqft likely refers to the main and upper levels. The finished basement provides additional, flexible space.

5. What is the significance of the large lot size?
A 5,995 sqft lot is a significant asset. It provides ample room for gardening, recreation, pets, and privacy. It also offers potential for additions like a deck, shed, or even a future home expansion, which can be a major long-term value driver.