48 Evesham Key

Property Overview: 48 Evesham Key, Winnipeg

Section 1: Key Characteristics & Appeal

This 1984 bi-level home in Elmhurst sits on a large, 6,328 sqft lot, offering more outdoor space than most properties in Winnipeg. Its key feature is a fully finished basement, effectively expanding the 991 sqft main living area. The home’s standout appeal lies in its excellent relative position: it is newer than roughly two-thirds of Winnipeg homes and sits on a larger lot than 75% of the city's properties. This combination of a generous yard and a modernized (for its era) build date is somewhat rare.

The property would suit first-time buyers or downsizers looking for a manageable footprint with room to grow or entertain outdoors. It’s also a practical choice for value-focused buyers who prioritize land size and a home's relative newness within its established neighborhood over sheer interior square footage. A less obvious perspective is its potential for a buyer who values a "blank slate" outdoors; the sizable lot provides ample room for gardening, play, or future additions like a deck or shed, which can be a major asset in mature neighborhoods where lots are often smaller.

Section 2: Frequently Asked Questions

1. How does the "ranking" system work?
The rankings compare this home against others on its street, in Elmhurst, and across all of Winnipeg for specific metrics (like lot size or age). For example, being "newer than 66% of Winnipeg homes" means it was built more recently than a clear majority of the city's housing stock, which can be a positive indicator of its condition and systems.

2. Is the living space too small?
At 991 sqft above grade, the main floor living area is compact. However, the fully finished basement significantly adds to the usable living space. Buyers should consider their need for open-concept, main-floor living versus the utility of multi-level, defined spaces.

3. Why is the assessed value ranked low on its street?
The assessment ranking is specific to value, not condition. It indicates the city's assessed value for this home is the lowest on Evesham Key. This could be due to the home's smaller above-grade square footage compared to neighbors, but it does not necessarily reflect market value or sale price. It's an important point to discuss with a real estate professional.

4. What are the pros and cons of a bi-level design?
Pros often include defined separation between living and sleeping areas, with the basement feeling more integrated into the home. Cons can include having to navigate stairs immediately upon entry and a potentially segmented main floor layout. The finished basement here mitigates the typical downside of unused lower-level space.

5. What does the lot size ranking mean for me?
Ranking "larger than 75% of Winnipeg homes" is a significant advantage. It means more private outdoor space, greater distance from neighbors, and potentially more flexibility for parking, landscaping, or future projects than is typical in the city. This is a key feature that sets this property apart.