3 Milan Street

Property Overview: 3 Milan Street, Winnipeg

Section 1: Key Characteristics & Appeal

This well-maintained two-storey home in Elmhurst offers a compelling blend of space, established character, and a solid foundation. Built in 1978, it sits on a generous, nearly 6,000 sqft lot, providing ample outdoor room. The key draw is its significant above-average living space of over 2,200 sqft, which ranks it within the top 5% of homes across Winnipeg for size, making it a notably spacious family home. It features a finished basement and an attached garage.

The appeal lies in its proven, move-in-ready layout within a mature neighbourhood. The data suggests a property that balances space (ranking highly) with value (its assessment is in the top 18% city-wide, but not at the very peak). It suits buyers looking for a substantial family home without the premium of a brand-new build, who appreciate established communities and larger interior rooms. A thoughtful perspective is its "middle-ground" positioning: it's newer than most on its street (top 13%), yet offers more space than almost all in its community (top 7%). This indicates a home that may have been updated or expanded over time, offering modern livability within a classic structure.

Section 2: Frequently Asked Questions

1. What is the neighbourhood like?
Elmhurst is a mature, established residential community in Winnipeg. The property rankings show home sizes and values here are generally above the city average, suggesting a stable, family-oriented area.

2. How does the 2016 sale price relate to the current assessed value?
The home sold for $400,000 in 2016 and is now assessed at $499,000. This increase aligns with broader market trends over the past eight years, and the current assessment places it in the top third of homes in the community for value.

3. Is the basement included in the 2,231 sqft living area?
Typically, "living area" refers to above-grade, finished space. The finished basement is an additional feature, offering bonus rooms or recreational space not counted in the primary square footage.

4. What do the ranking percentages mean?
They show how this property compares to others. For example, its living area surpasses 95% of Winnipeg homes (top 5%), while its build year is newer than 61% of city homes (top 39%). This helps gauge its relative strengths.

5. Are there any obvious concerns from the data?
The 2016 sale price ranks higher than 113% of street sales, which is an unusual statistic (over 100%) likely due to very few recent sales on Milan Street for comparison. It's not a red flag but highlights the value of a current, professional home inspection to understand the property's condition versus its statistical profile.