27 Oswald Bay

Property Overview & Key Characteristics

This 1979-built bungalow in Elmhurst offers a classic, single-level layout with 1,405 sqft of living space. Its primary appeal lies in its exceptionally generous, mature lot of over 10,000 sqft—a rare find that places it in the top 5% of all Winnipeg properties for land size. The home features a finished basement and an attached garage. While the house itself is of average size for its community, the property's standout value is derived from its land, its established neighbourhood setting, and its strong overall assessment ranking, which surpasses 82% of Winnipeg homes.

The property would best suit buyers who prioritize outdoor space and long-term potential over a brand-new build. It's ideal for someone seeking a manageable bungalow layout with room for gardens, play, or future expansion. The rankings suggest it offers a compelling balance: a well-located home on a premium lot that holds significant equity, appealing to both growing families and downsizers looking for a peaceful retreat without leaving the city.

Frequently Asked Questions

1. What does the "ranking" data actually mean?
The rankings compare this property against others on its street, in Elmhurst, and across all of Winnipeg. For example, being in the "top 5%" for land size means only 5% of Winnipeg homes have a larger lot. It's a quick way to see where this home's strengths (like lot size and total assessed value) stand out in the market.

2. Is the finished basement included in the 1,405 sqft living area?
Typically, the listed "living area" refers to above-ground, finished space. The finished basement is an additional bonus area, adding functional space like a rec room or extra bedrooms not reflected in the main square footage figure.

3. The house was built in 1979. What should I be aware of?
While the home has been maintained, a property of this age will likely have original or aging core components. A thorough inspection is advised to assess the condition of the roof, windows, plumbing, electrical systems, and major appliances to plan for future maintenance or updates.

4. Why is the assessed value higher than many similar-sized homes?
The assessed value reflects the City's estimation of the property's total market worth, not just the house. The key driver here is the land value. The premium lot size and the home's strong value ranking in Winnipeg (top 18%) indicate that the land itself constitutes a major portion of the property's worth.

5. What are the advantages of such a large lot?
Beyond ample private outdoor space, a lot of this scale offers rare flexibility. It provides privacy, room for additions like a deck or workshop, and potential for landscaping projects or a pool. It also represents a long-term investment, as large, serviced lots in established neighbourhoods are increasingly scarce.