Property Overview: 39 Apex Street, Winnipeg

Section 1: Key Characteristics & Appeal

This well-established two-storey home in Elmhurst offers a blend of comfortable space and a generous lot. Its key characteristics include nearly 2,000 sqft of finished living space, a fully developed basement, and a sizable 6,240 sqft property. Built in 1980, it presents a solid, move-in-ready opportunity in a mature neighbourhood.

The appeal lies in its proven space and value. The home ranks highly within Winnipeg for its above-average living area and assessed value, indicating it offers more room than most city properties. It sits on a large lot, providing ample outdoor space for gardening, play, or future expansion—a feature becoming rarer in newer subdivisions. The finished basement adds significant functional space for recreation, a home office, or extended family.

This property would suit practical buyers looking for established community charm without sacrificing indoor and outdoor space. It’s ideal for a growing family needing room to spread out, or for someone valuing a larger yard over a brand-new build. The 2017 resale history suggests it has been a well-maintained and stable investment, appealing to those seeking a home with a track record.

Section 2: Frequently Asked Questions

1. How does the age of the home (1980) factor into its value?
While not new, the 1980s construction often means robust building materials and simpler, easily renovated layouts. The home’s high ranking for living space and value in Winnipeg shows its size and lot continue to be major assets, often offsetting the desire for a newer build. A thorough inspection will be key to understanding the condition of major systems like roof, windows, and HVAC.

2. The lot is large, but what does that practically mean for me?
Beyond just space, a 6,240 sqft lot in a mature neighbourhood like Elmhurst offers privacy, mature trees, and significant potential. It allows for additions like a deck, shed, or garden that wouldn’t be possible on smaller, newer lots. It’s a long-term asset that provides flexibility for your lifestyle or future property enhancements.

3. The home ranks lower for "newness" in its own street. Should I be concerned?
This specific ranking indicates that Apex Street has many newer homes. This can be positive, suggesting the street and area have been desirable and developed over time. It means your immediate neighbours likely have homes of varying ages, contributing to a diverse, stable streetscape rather than a uniform subdivision that ages all at once.

4. What does the assessment value versus the 2017 sale price tell us?
The current assessment of $519,000 is notably higher than the 2017 sale price of $439,000. This reflects market-wide appreciation over seven years. It sets a municipal tax baseline, but the final sale price will be determined by the current market. This history shows the property has grown in value, which is a positive indicator for equity.

5. Is the finished basement included in the listed living area?
Typically, municipal living area (the 1,947 sqft figure) does not include below-grade space, even if finished. The "fully developed basement" is therefore a significant bonus, adding substantial usable square footage for living, storage, or utilities that isn't captured in the official size ranking, making the home functionally larger than the number suggests.