28 Evesham Key

Property Overview: 28 Evesham Key

This 1984 four-level split home in Elmhurst presents a compelling opportunity for buyers seeking space, a mature setting, and solid value. Its key appeal lies in its generous 12,377 sqft lot, which is significantly larger than most in Winnipeg, offering exceptional outdoor potential. With 1,642 sqft of living space and a finished basement, the home provides ample room for a growing family or those who enjoy distinct living zones. The property’s standout characteristic is its consistently high ranking across metrics; it outperforms over 94% of homes in its community for lot size and sits in the top tier for assessed value and living area locally. This suggests a well-regarded and established location.

The home is ideally suited for practical buyers who prioritize land size over a brand-new build. It’s a perfect match for gardeners, families wanting a large backyard, or anyone looking for a property with inherent value in a mature neighborhood. The 2021 sale price provides a clear recent benchmark, indicating a history of marketability. A thoughtful perspective for this home is to see the 42-year age not just as a consideration for maintenance, but as a marker for a settled neighborhood with mature trees and established community character, which the data confirms is highly sought-after in this specific area.

Frequently Asked Questions

Q: How does the lot size compare to a typical property?
A: The lot is exceptionally large at over 12,000 sqft, placing it in the top 3% of all residential properties in Winnipeg for land area. It offers rare potential for expansion, gardening, or outdoor recreation.

Q: What does the "four-level split" layout mean for daily living?
A: This design creates multiple, distinct living levels, which can be excellent for separating living, sleeping, and recreational spaces. It offers more privacy and zoning than a standard bungalow or two-story, but does involve navigating short flights of stairs.

Q: The home was last sold in 2021. What does that recent history indicate?
A: The 2021 transaction provides a transparent, recent market price point (sold for $433,000), which is valuable for understanding current value trends. The significant increase in the assessed value since then suggests the market has recognized the property's underlying value, particularly its land.

Q: Are there any obvious concerns with a home built in the 1980s?
A: While the home is well-established, a buyer should factor in the potential for age-related updates. The roof, major systems (furnace, water heater), and windows would be key points for inspection to understand their remaining service life and any upcoming capital expenses.

Q: The rankings show it's in the top 6% of the community for lot size but only the top 29% for building age. How should this be interpreted?
A: This data highlights the property's core strength: its land. In mature, desirable neighborhoods like Elmhurst, a larger lot on an established street often holds more long-term value than a newer home on a standard lot. The trade-off for the premium outdoor space is a home that may require some modernization over time.