31 Apex Street

Property Summary: 31 Apex Street, Elmhurst, Winnipeg

Key Characteristics & Appeal

This 1982 four-level split home sits on a generous 6,240 sqft lot in Winnipeg's Elmhurst neighbourhood. Its key features include 1,521 sqft of living space, a finished basement, and an attached garage. The home's primary appeal lies in its established setting and spacious lot, offering room to grow and relax.

The data suggests a property with solid fundamentals. It ranks highly city-wide for lot size (top 26%) and living area (top 27%), indicating more space than most Winnipeg homes. Its assessment value has risen notably since its 2019 sale. This profile suits practical buyers looking for a well-sized family home in a mature neighbourhood, who value indoor and outdoor space over a brand-new build. It’s a home for those who see potential in a property's underlying metrics—like its above-average lot and living space—and are comfortable with a home that has a history and room for personalization.

Frequently Asked Questions

1. What do the ranking percentages actually mean?
They show how this property compares to others. For example, ranking in the "top 26%" for lot size in Winnipeg means 74% of city homes have a smaller lot. It's a quick way to gauge competitive strengths.

2. Is the finished basement included in the 1,521 sqft living area?
Typically, municipal living area (sqft) calculations do not include below-grade spaces, even if finished. The 1,521 sqft likely refers to above-ground levels, with the finished basement providing additional usable space.

3. How significant is the increase from the 2019 sale price to the current assessment?
While market conditions have changed, the increase highlights a strong upward trend in the property's assessed value over the period. It's a positive indicator, but the final market price is determined by current buyer demand.

4. What are the considerations with a four-level split design?
This layout offers good separation of living and sleeping areas across multiple half-levels. Buyers should consider the flow of daily life with several short flights of stairs, which can be both a privacy feature and a practical consideration.

5. The home ranks lower within its own street and community for value metrics. Why?
This is common in established neighbourhoods where homes were built around the same time. It often reflects a diversity of updates, expansions, or lot specifics on the same street. The stronger city-wide rankings suggest the home holds its own in the broader market.