42 Oswald Bay

Property Overview

This 1980-built, one-storey home on a spacious lot in Elmhurst offers a practical and comfortable living package. Its key characteristics include a fully finished basement, an in-ground pool, and an attached garage. With 1,413 sqft of living space, it sits on a 5,496 sqft lot. The home’s appeal lies in its established, quiet neighbourhood and its ready-for-summer private backyard oasis with a pool—a rare find that provides immediate recreational value without the wait or extra investment. It would suit first-time buyers looking for a move-in-ready home with bonus features, or downsizers seeking single-level living with ample outdoor space for entertaining family and grandchildren. A less obvious perspective is its relative value: while its age and interior size rank it in the middle of the pack locally, its assessed value ranks in the top third for the neighbourhood and top 20% city-wide, suggesting the lot, pool, and finished basement are significant value drivers recognized in its official assessment.

Frequently Asked Questions

1. How does the home’s age affect maintenance?
Built in 1980, major systems like the roof, windows, and HVAC are likely at or beyond their typical lifespan. A thorough inspection is crucial to budget for potential updates, though the house has passed the period for settling issues common in newer builds.

2. Is the pool a benefit or a burden?
It’s both. It provides exceptional private leisure and entertainment value, a major perk in our short summers. However, it requires dedicated seasonal maintenance, adds to utility costs, and carries insurance and safety considerations.

3. Who is the typical buyer in this area?
Elmhurst is an established neighbourhood with a mix of long-term residents and younger families. This particular home, with its single-level layout and manageable size, may attract empty-nesters as much as first-time buyers.

4. How do the provided rankings work?
The rankings compare this property against others on its street, in Elmhurst, and across all of Winnipeg for metrics like size, age, and assessed value. For example, ranking "in the top 20%" for value in Winnipeg means its official assessment is higher than 80% of all city properties.

5. What is the potential for future value growth?
The lot size is a solid asset in an established neighbourhood. While the structure itself is average for the area, the combination of a large yard, a pool, and a finished basement provides a strong foundation for value retention, with any updates to the interior or systems likely to enhance it further.