47 Apex Street

Property Overview

This 1981 two-storey home in Elmhurst offers a well-proportioned living space of over 2,180 square feet on a generous 6,240 sqft lot. Its key appeal lies in its established, spacious character combined with strong relative value within the broader Winnipeg market. The home features a finished basement and an attached garage.

The data reveals a compelling profile: it ranks in the top 10% of its street and top 8% of its community for living space, offering more room than most comparable homes. Its assessed value also places it in the top 12% city-wide, suggesting a solid level of finish and amenities for its price point. While the build year is older, it outperforms 64% of Winnipeg homes in age ranking, indicating a well-maintained property in a mature neighbourhood.

This home would suit buyers looking for established community charm without sacrificing interior space. It’s ideal for a growing family needing room to spread out, or for someone seeking a property with a footprint larger than newer subdivisions typically offer. The strong rankings in size and value relative to the city make it a practical choice for the long-term investor or owner-occupant who prioritizes space and lot size over a brand-new build.

Frequently Asked Questions

Q: How does the age of the home (1981) impact its condition and potential costs?
A: Built 45 years ago, the home is in the middle range for its neighbourhood. Key systems like the roof, windows, furnace, and plumbing may be at or beyond their typical lifespans, so a thorough inspection is crucial. However, its ranking as newer than 64% of Winnipeg homes suggests it has been reasonably maintained.

Q: The home ranks highly for size and value, but lower for age on its street. What does this mean?
A: This indicates you are getting more house and lot for your money compared to the city average, but on its specific street, there are newer homes. The trade-off is often character, larger lots, and more established landscaping not found in newer infill properties.

Q: What is the significance of the "finished basement" noted?
A: A finished basement in a home of this era typically adds significant flexible living space, such as for a rec room, home office, or additional bedrooms. It’s important to verify the quality of the finish, ceiling height, and whether proper permits were obtained.

Q: The lot is large at over 6,000 sqft. What are the advantages?
A: A lot of this size in an established neighbourhood offers excellent outdoor space for gardening, play, or entertaining. It also provides more privacy from neighbours and greater potential for future additions like a deck, shed, or even a garage expansion, subject to local bylaws.

Q: How should I interpret the various ranking percentages provided?
A: These show the home's competitive standing. Most notably, it ranks in the top 6% of Winnipeg for living space and top 12% for assessed value. This suggests a strong, above-average offering in those key metrics city-wide, though it’s always essential to validate this with a personal viewing and current market analysis.