Property Overview: 32 Evesham Key

This two-storey family home in Elmhurst offers a compelling blend of space, established character, and a highly desirable location. Built in 1984, it sits on a notably large lot of over 12,500 sqft, providing ample outdoor room—a rarity that places it in the top tier of properties locally. With 1,627 sqft of living space, a finished basement, and an attached garage, the home caters to practical family needs. Its standout appeal lies in its strong positional rankings; it consistently outperforms a high percentage of comparable homes on its street, in Elmhurst, and across Winnipeg for lot size, assessed value, and living area. This suggests a property that is not only well-above average in its immediate surroundings but also holds significant value city-wide. It would particularly suit buyers looking for a established home in a mature neighbourhood who prioritize generous outdoor space over a brand-new build, and who appreciate a home with proven long-term value growth.

Key Details & Considerations

• Key Characteristics: A 1984 two-storey with 1,627 sqft, a finished basement, and an attached garage. The most defining feature is its expansive 12,565 sqft lot.
• Primary Appeal: Strong "best-in-class" metrics for its area, indicating a premium property within a desirable neighbourhood. The huge lot offers exceptional potential for gardening, recreation, or future expansion.
• Ideal Buyer: Growing or established families seeking space and stability in a well-regarded community. It's also a solid option for value-conscious buyers who recognize the long-term advantage of owning one of the larger properties in the area.

Frequently Asked Questions

1. How does the 2020 sale price relate to the current assessed value?
The home sold for $395,000 in July 2020 and now has a municipal assessed value of $519,000. This significant increase reflects broader market trends and the property's specific desirable attributes, particularly its lot size. It's a strong indicator of substantial equity growth for the seller and a benchmark for current value.

2. What do the ranking percentages actually mean for a buyer?
These rankings are a powerful, data-driven way to see how this home compares to others. For example, being in the top 3% of Winnipeg for lot size means you are getting a truly scarce commodity. Similarly, high rankings for assessed value in the neighbourhood suggest it's considered a premium property, which can support stability and future resale value.

3. The home is 42 years old. What should I be mindful of?
While the rankings show it's newer than 66% of Winnipeg homes, a property of this age will likely have had some major components updated. A thorough inspection is essential to understand the current condition of the roof, windows, HVAC system, and plumbing. The finished basement should also be checked for proper moisture management.

4. Is the large lot more of a benefit or a burden?
This is a key consideration. The lot is a major asset for privacy, space, and potential, but it also means higher property taxes and more yard maintenance. For the right buyer who enjoys gardening or outdoor living, it's a tremendous perk. For those seeking low upkeep, it represents a significant ongoing commitment.

5. Why are the street rankings for the 2020 sale price shown as "107%" (15/14)?
This unusual figure (selling above the number of comparable homes on the street) typically indicates that the 2020 sale price was an outlier—significantly higher than other sales on Evesham Key at that time. It underscores that this property has consistently commanded a premium, even in recent history.