30 Ascot Bay

Property Overview

This 1969-built bungalow in Elmhurst offers a rare combination of spacious land and solid, single-level living. Its primary appeal lies in its substantial 12,293 sqft lot, which places it in the top tier of properties locally for outdoor space and potential. The home itself, at 1,272 sqft of finished living space including a developed basement, provides practical, move-in-ready accommodation. Its strong rankings—particularly outperforming 97% of Winnipeg in lot size and 94% of its immediate street neighbors—highlight a property that is a standout in terms of space and privacy within a mature community. It would suit buyers looking for a manageable single-storey layout without sacrificing yard size, whether they are downsizers seeking room for gardens or a family valuing play space and future expansion potential. A thoughtful perspective is that while the home is 57 years old, its lot size is a permanent, appreciating asset that newer subdivisions rarely match, offering a legacy of outdoor room that can't be replicated.

Key Questions for Consideration

1. What does the "developed basement" include, and is it a legal suite?
   The listing notes a finished basement, but specifics on layout, ceiling height, separate entrance, or kitchen facilities are essential to understand its utility and whether it could generate rental income.

2. How has the 1969-era construction been maintained, particularly the roof, windows, and major systems?
   Given the age, the condition and age of key components like the furnace, electrical, plumbing, and insulation will be crucial for budgeting future maintenance.

3. What is the character of the street and the typical demographic of the Elmhurst neighborhood?
   Understanding the community's vibe—whether it's quiet and established or has more family activity—helps assess lifestyle fit beyond the property lines.

4. Are there any known development plans or zoning considerations for the large lot?
   The exceptional lot size may have specific zoning regulations; checking for any restrictive covenants or future area plans that could affect its use or value is prudent.

5. How does the property's assessed value compare to the current asking price?
   With an assessed value of $411,000, understanding the seller's pricing rationale in the current market context will be a key starting point for any offer.