46 Apex Street

Property Overview: 46 Apex Street, Elmhurst, Winnipeg

Key Characteristics & Appeal

This 1983-built, one-storey home sits on a large, 6,472 sqft lot in Winnipeg's Elmhurst neighborhood. Its key features include a fully finished basement, an attached garage, and 1,365 sqft of living space. The appeal here is grounded in space and established stability. The lot size is a significant asset, offering ample outdoor room that is increasingly rare, while the mature neighborhood suggests settled surroundings. The home's rankings reveal a nuanced position: it excels in lot size (top 23% in Winnipeg) and is newer than most in its immediate area (top 19% on its street), but is more modestly sized compared to nearby homes. This profile suits practical buyers looking for a long-term family home with room to grow outdoors, or those who value a generous yard over a larger interior footprint. It’s a property for someone who sees potential in land and location, appreciates the character of a 40-year-old home, and is comfortable with a house that may offer more value in its foundation and plot than in high-end finishes.

Frequently Asked Questions

1. What is the true value of the lot size?
At over 6,400 sqft, the lot is well above average. This isn't just about gardening space; it offers long-term potential for additions, recreational space, or simply greater privacy and room to breathe compared to newer, denser subdivisions.

2. How should I interpret the mixed property rankings?
The rankings show a house with strong fundamentals but average interior space. It ranks highly for lot size and age on its street, indicating a premium position in its immediate area for those metrics. The lower ranking for living area suggests the floor plan is cozy relative to neighbors, so value is weighted toward the land and established structure.

3. What does the "fully finished basement" typically mean for a 1983 home?
In this era, a finished basement often means a functional, livable space (e.g., rec room, additional bedrooms), but finishes may be dated. It adds valuable flexible space but may factor into future renovation plans depending on current condition and style.

4. Who would this property not suit?
It may not suit buyers seeking a modern, move-in-ready home with an open-concept layout, or those prioritizing a large interior square footage above all else. The appeal is more about the overall property package than expansive or contemporary living areas.

5. How meaningful is the assessment value in today's market?
The municipal assessment provides a baseline for property taxes and a rough gauge of value, but market conditions can differ. It's a useful data point showing the home is assessed in the top 26% city-wide, but a professional market evaluation is essential for determining current listing or offer prices.