50 Epsom Crescent

Property Overview

50 Epsom Crescent is a well-situated 3-level split home in Elmhurst, built in 1968. Its primary appeal lies in its generous, mature lot—at nearly 7,800 sqft, the property size ranks in the top 12% across Winnipeg—offering significant outdoor space and potential in a established neighbourhood. The home features a finished basement and a detached garage. With 1,040 sqft of living space, it is a comfortable size for a smaller household or first-time buyers. The 2021 sale price of $445,000 sits close to its current assessed value, suggesting a stable market perception. This property suits buyers looking for a manageable home with one of the larger lots in the area, who value space and privacy over a brand-new build and are comfortable with the maintenance considerations of a home from this era.

Key Considerations & FAQs

1. What are the less obvious advantages of a lot this size? Beyond simple yard space, a lot of this scale in an established area provides room for future additions like a garden suite, a substantial workshop, or a major landscaping project. It also offers a greater sense of privacy and buffers from neighbouring properties, which can be rare in older neighbourhoods.

2. How should I interpret the rankings for year built and living area? The rankings confirm this is not a new or large home by today's standards. Its age ranks in the bottom half for the city, indicating potential for older-home maintenance items. The living area is modest, ranking in the bottom 35% city-wide, so it’s best suited for those with simpler space needs or who plan to use the finished basement to expand usable space.

3. The assessment and last sale price are close. What does that indicate? The close alignment between the 2021 sale price ($445,000) and the current assessed value ($437,000) suggests the property’s market value has remained relatively stable over the last few years, without dramatic upward or downward swings. It provides a solid, recent benchmark for valuation.

4. Who would this property be a good fit for? It's an excellent match for first-time buyers or downsizers who prioritize a large, private yard over having a massive or modern house. It also appeals to value-conscious buyers seeking land size, as the lot is a standout feature that would be cost-prohibitive in many newer subdivisions.

5. What should a potential buyer investigate further? Given the home's age (1968), a thorough inspection of major systems like roof, plumbing, electrical, and foundation is essential. Also, research any future plans for the Elmhurst neighbourhood and inquire about the specific costs of utilities and property taxes to understand the full carrying costs.