Property Overview: 50 Ascot Bay, Elmhurst, Winnipeg

This well-situated 3-level split home in Elmhurst offers a classic Winnipeg living experience with notable space and value. Built in 1968, its key appeal lies in its generous 7,702 sqft lot—a rarity that places it in the top 12% of all properties in Winnipeg for land size. The home features 1,157 sqft of living space, a finished basement, and a detached garage. While the interior reflects its era, the property's standout characteristic is its established, spacious setting within a mature neighbourhood. It ranks highly for lot size but is priced accessibly, suggesting a property where the land itself represents significant value.

This home would suit a practical buyer looking for room to grow, garden, or simply enjoy a larger outdoor footprint without a premium new-build price tag. It’s ideal for a handy homeowner comfortable with the maintenance and potential updates typical of a home of this age, or for those prioritizing lot size and location over turn-key modern finishes. The strong lot-size ranking versus the more modest rankings for building age and assessment value indicates a property where future potential is a key part of its appeal.

Frequently Asked Questions

1. What does the ranking data actually mean?
The rankings compare this property to others on its street, in Elmhurst, and across all of Winnipeg. For example, being in the "top 12%" for lot size in Winnipeg means 88% of properties have smaller lots. This quantifies its relative strengths, like the very large yard, and areas like building age, which is more typical for the area.

2. Is the finished basement included in the 1,157 sqft living area?
Typically, the listed living area (sqft) refers to above-grade space. The finished basement is an additional area, adding functional living space not reflected in that main square footage figure.

3. What are the implications of a 1968 build date?
Homes from this era often have solid construction but will likely have original or aging core components, such as windows, roofing, and mechanical systems (furnace, electrical). A thorough inspection is advised to budget for any necessary updates or maintenance.

4. Who benefits most from such a large lot?
Beyond gardening and recreation, a large lot offers long-term flexibility. It could accommodate additions like a sizable shed, a play structure, or even future expansion of the home itself, subject to local zoning. It also provides a greater sense of privacy and space between neighbours.

5. How does the assessment value relate to the asking price?
The municipal assessment of $376,000 is for tax purposes and reflects a mass appraisal. The listing price is set by the seller and the market. The assessment being in a lower percentile than the lot size suggests the city valuation places more weight on the home itself, while the market may place a higher premium on the land.