23 Apex Street

Property Overview: 23 Apex Street, Elmhurst, Winnipeg

Key Characteristics & Appeal

This two-storey home, built in 1983, sits on a generous 6,239 sqft lot in Winnipeg's Elmhurst neighbourhood. Its key features include a finished basement, an in-ground pool, and an attached garage. With 1,912 sqft of living space, the home ranks in the top 12% for size across Winnipeg, offering ample room.

The appeal lies in its established, mature setting combined with above-average space and desirable amenities like the pool—a relative rarity. The property’s competitive positioning is notable: it ranks highly within the city for both its recent sale price (top 5%) and assessed value (top 13%), suggesting a history of strong market performance relative to its peers. It particularly suits buyers looking for a ready-to-enjoy, family-sized home with recreational space in a settled area, who value both indoor living space and private outdoor amenities. A thoughtful perspective is that while the home is 43 years old, its rankings show it competes very favorably with newer builds in terms of size and value, indicating it may have been well-maintained or updated over time.

Frequently Asked Questions

1. How does the pool impact insurance and maintenance costs?
An in-ground pool adds to annual maintenance (opening, closing, chemicals) and will typically increase homeowner insurance premiums due to liability. It's advisable to budget for these ongoing costs.

2. What does the "finished basement" entail?
The listing confirms a finished basement but does not specify the extent, quality, or if it includes legal egress/separate entrance. This detail should be verified during a viewing to understand its full utility and safety compliance.

3. The home sold in July 2023; why is it back on the market?
A resale after roughly a year can be due to many personal circumstances (job relocation, change in family needs) and is not inherently a concern. However, it is a reasonable question for a buyer's agent to explore discreetly.

4. How do the competitive rankings work?
The percentages show how this property compares to others in its immediate street, wider Elmhurst community, and all of Winnipeg. For example, ranking in the "top 12%" for living area in Winnipeg means 88% of city homes are smaller. This provides quick context on its relative standing.

5. Is the 2023 sale price of $636,000 a reliable indicator of current value?
While a very recent sale price is a strong data point, current market conditions, any changes made to the home since then, and the specific motivations of that past sale all influence today's value. It serves as an excellent benchmark, but a current professional appraisal is recommended for financing.