Property Summary: 54 Ascot Bay, Winnipeg

Key Characteristics & Appeal

This is a well-situated, classic one-storey home in Elmhurst, built in 1969. Its primary appeal lies in its generous, mature lot—at nearly 7,800 sqft, the property size ranks in the top 12% of Winnipeg—offering significant outdoor space and potential in a established neighborhood. The home features a finished basement and an attached garage. With 1,040 sqft of living space, it is a comfortable bungalow suited for downsizers, first-time buyers, or those seeking a manageable footprint without sacrificing yard size.

The property presents a compelling value proposition. Its assessment value is solid, and while the home itself is not the largest on the block, it sits on a lot that is considerably larger than most in the city, which is a permanent advantage. The "dated but solid" character of a 1969 build appeals to buyers looking for a home with good bones that they can personalize over time, rather than a fully renovated property with a premium price tag. It would particularly suit a buyer who prioritizes land and location over turn-key modern finishes, and who sees the value in a home that ranks highly for lot size and age within its immediate street—a sign of a desirable, stable micro-location.

Frequently Asked Questions

1. What does the ranking data actually tell me?
The rankings show how this property compares to others in its immediate area. For example, its lot size is in the top 22% on its street and top 12% city-wide, a major strength. Conversely, its living space is more average, confirming it's a modest-sized home on a large lot.

2. Is a 57-year-old home a concern?
While it will likely need updates, the data shows the home's age is newer than 97% of houses on its specific street, indicating it's in a mature area where this is typical. A thorough inspection is key to understand the condition of major systems like roof, windows, and plumbing.

3. How can the lot be such a standout feature?
The 7,791 sqft lot is significantly larger than the standard city lot. This allows for ample privacy, gardening, recreational space, or future expansion (subject to zoning and permits), which is increasingly rare and valuable.

4. Who would this property not suit?
It may not suit buyers seeking a modern, open-concept layout or immediate move-in condition without any projects. The living space is also compact for its bedroom count, so those needing ample indoor room for a growing family might find it limiting.

5. What’s the significance of it being a one-storey with a finished basement?
The bungalow style is ideal for accessibility or avoiding stairs. The finished basement effectively doubles the usable living area, providing crucial space for recreation, guests, or a home office that isn't reflected in the main floor square footage.