Property Overview

This 1987-built, one-storey home in Elmhurst presents a well-maintained and spacious option in a mature neighbourhood. Its key appeal lies in its generous proportions and established setting. The 1,752 sqft living area is above average for its locale, and it sits on a large, 6,435 sqft lot, offering ample indoor and outdoor space. A finished basement and an attached garage add to its functional layout. The home's standout characteristic is its strong value positioning; it ranks highly within Winnipeg for its size, assessed value, and relative modernity, suggesting a property that offers more for its price point compared to many others in the city. It would particularly suit buyers looking for a move-in ready, single-level living space without sacrificing room to grow, whether that's for a family or for hosting. It's a practical choice for those who value established communities, larger lot sizes, and statistical value over a brand-new build.

Key Considerations & FAQs

1. What does the ranking data actually mean? The provided rankings show this home is competitive. For example, being newer than 72% of Winnipeg homes and larger than 83% indicates a property that avoids the common trade-offs of older, smaller houses. Its high assessment ranking suggests it's viewed favorably relative to the market.
2. Is the 1987 build year a concern? While not new, the home is notably newer than most in Winnipeg. A buyer's main focus should be on the condition of major 30-40 year components, like the roof, windows, and HVAC system, which may be due for inspection or updates.
3. Who is the ideal buyer for this layout? The one-storey (bungalow) design with a finished basement is versatile. It suits empty-nesters or those seeking single-level living, while the overall square footage also accommodates young families. The basement can serve as a rec room, teen space, or guest area.
4. What are the less obvious pros and cons of the lot? A 6,435 sqft lot is a significant asset for privacy, gardening, or expansion. However, in a mature neighbourhood, it also implies more landscaping maintenance and potential for older trees with associated root systems.
5. How should I interpret the assessed value? The $530,000 assessment is a municipal valuation for tax purposes, not a market price. Its high percentile rank (86% in Winnipeg) is a positive indicator of the home's underlying value, but the final sale price will be determined by current market conditions and buyer competition.