27 Apex Street

Property Overview: 27 Apex Street, Winnipeg

Key Characteristics & Appeal

This is a spacious, well-established two-storey home in Elmhurst, built in 1986. Its primary appeal lies in its generous proportions and mature lot. With over 2,400 sqft of living space, it ranks in the top 2-3% of homes locally for size, offering ample room for a growing or multi-generational family. The property sits on a large 6,239 sqft lot and features a finished basement and an attached garage.

The home’s value is underscored by its strong market position: it surpasses approximately 94% of all Winnipeg homes in assessed value. While 40 years old, its construction date is newer than 70% of area homes, suggesting it may have more modern infrastructure than many in its peer group. The appeal here is solidity and space over brand-new condition. It would suit buyers looking for established neighbourhood character, who prioritize square footage and a sizable yard over a brand-new build, and who see potential in a property that already has strong foundational value.

Frequently Asked Questions

1. What does the "ranking" data actually mean?
The rankings compare this home against others on its street, in Elmhurst, and across all of Winnipeg for specific metrics. For example, ranking in the top 3% for living size means only 3% of Winnipeg homes are larger. It's a quick way to gauge how it stands out or fits in.

2. Is a 40-year-old home a concern?
While systems will require due diligence, the data shows this home is newer than 70% of Winnipeg houses. This suggests it may have updates or components that are relatively younger than the broader market, but a thorough inspection is essential.

3. The lot is large, but what's the condition and potential?
A 6,239 sqft lot offers excellent outdoor space. Prospective buyers should consider the current landscape's upkeep, the potential for gardening, expansions, or outdoor living areas, and any mature trees that add privacy or require maintenance.

4. How should I interpret the high assessment value relative to the price?
An assessment that ranks in the top 6% city-wide indicates the municipality views it as a high-value property. This can be a positive sign of its base worth and potential equity, but the final market price is determined by current buyer demand and condition.

5. What's the neighbourhood feel of Elmhurst?
As an established area with homes spanning many decades, Elmhurst typically offers tree-lined streets and a settled community atmosphere. The high ranking for lot size on this street suggests a particularly spacious and possibly less dense feel compared to newer subdivisions.