23 Epsom Crescent

Property Overview: 23 Epsom Crescent, Winnipeg

Section 1: Key Characteristics & Appeal

This well-situated Elmhurst bungalow presents a classic and practical home on a large, mature lot. Its key features include a fully finished basement, a split garage, and over 1,000 square feet of living space in a quiet crescent setting. The standout characteristic is the generous 7,278 sqft property, which is larger than 85% of all lots in Winnipeg, offering significant outdoor space and potential.

The primary appeal lies in its balance of space, location, and value. It suits buyers looking for a solid, single-level home in an established neighborhood without the premium price of a newer build. It’s an ideal match for first-time homeowners seeking room to grow, downsizers who value a manageable layout but still want a sizable yard, or investors attracted by the below-average assessment price relative to the lot size. A thoughtful perspective is that while the home itself is modest in size and era (built in 1968), the lot represents a substantial and appreciating asset in a mature city, offering long-term flexibility whether for gardening, expansion, or simply enjoying private outdoor space.

Section 2: Frequently Asked Questions

1. How does the property’s value compare to the area?
The home’s current assessed value is positioned in the more affordable range for both its immediate street and the broader Elmhurst community, ranking higher city-wide. This suggests it may offer good value relative to its substantial lot size.

2. Is the home in need of major updates?
Given its 1968 construction, buyers should budget for potential updates to mechanical systems, windows, or interior finishes common to homes of this era. The fully finished basement is a positive, but its condition should be verified.

3. What does the lot size practically offer?
At over 7,200 sqft, the lot is a major feature. It provides ample privacy, space for children or pets to play, gardening opportunities, and future potential for additions like a shed, deck, or even an extension, subject to local bylaws.

4. How does the split garage function?
A split garage typically means two separate single-car garage doors side-by-side, as opposed to one wider door. This can be preferable for some, offering more wall space for storage or workshop areas within each bay.

5. The community rankings show a mix—what does this indicate?
The data reveals a property with contrasting strengths: its lot size ranks exceptionally high city-wide, while the living space and building age are more average or below average for the local area. This underscores the property’s profile: the value and appeal are heavily tied to the land itself, with the house representing a functional dwelling on a premium plot.