22 Ascot Bay

Property Overview

22 Ascot Bay is a well-established, single-family home in Winnipeg's Elmhurst neighborhood. Built in 1969, it sits on a large, mature lot and features a finished basement and a split garage. The home recently sold in March 2025, indicating strong market activity.

Section 1: Key Characteristics & Appeal

This property’s primary appeal lies in its combination of space, location, and value within a mature community. The nearly 7,800 sqft lot is a significant asset, offering ample outdoor space for gardening, recreation, or future expansion—a rarity compared to newer subdivisions. The home itself, with over 1,200 sqft of living space plus a finished basement, provides practical room for a family or those needing flexible space for a home office or guests.

Its strongest suit is its position within established rankings. It consistently ranks in the top tiers of its immediate street and outperforms most of Winnipeg for lot size and assessed value, suggesting it’s a solid asset in a desirable micro-location. The 2025 sale at a price above the assessed value reflects this desirability.

This home would suit a buyer looking for a "blank canvas" in a stable neighborhood—someone who values a large yard and the bones of a solid, older home but may be prepared to update interiors over time. It’s also a practical choice for those prioritizing lot size over brand-new construction, offering more outdoor privacy and potential than many newer builds.

Section 2: Frequently Asked Questions

1. What does the "finished basement" entail?
The listing confirms a finished basement, which adds valuable living space. Prospective buyers should inquire about the finish quality, ceiling height, and whether it includes a proper bathroom or kitchenette, as these details significantly impact its utility and value.

2. How does the 1969 build year affect the home?
While the home ranks as very new for its street, a 57-year-old house will likely have older major systems (like plumbing, electrical, roof, and windows). A thorough inspection is crucial to understand the condition and any upcoming capital expenditures, which can be offset by the lot value and location.

3. The lot is large, but what is its condition and potential?
A lot of this size is a major advantage. Buyers should consider the cost and effort to maintain it, the health of mature trees, and any local zoning bylaws that would allow for additions like a garage, workshop, or garden suite in the future.

4. Why did it sell for significantly more than its assessed value?
The recent sale price above assessment is common in active markets and often reflects factors not captured in the formal assessment, such as interior updates, market demand for the specific street, or the premium buyers are willing to pay for a large lot.

5. What is the neighborhood feel and convenience like?
Elmhurst is a mature area. Buyers should explore the street and nearby amenities personally to gauge traffic noise, neighbor interactions, and proximity to schools, parks, and shopping to see if it matches their lifestyle needs.