Property Overview

This two-storey home in Elmhurst presents a compelling opportunity for buyers seeking space and value in a mature Winnipeg neighbourhood. Its primary appeal lies in the generous proportions of both the house and the lot. With nearly 2,000 sqft of living space and a large, 12,099 sqft property, it offers significant room to grow or customize. The rankings provided indicate a home that stands out locally, particularly for its above-average living area and lot size compared to most homes on its street, in Elmhurst, and across Winnipeg.

The home is well-suited for a few key buyer profiles. It’s an ideal project for those looking to put their own stamp on a property, given the unfinished basement and the 1977 build date which suggests potential for updates. It also strongly appeals to buyers who prioritize outdoor space for gardening, play, or future additions like a deck or workshop, thanks to the sizable lot. The strong rankings in assessed value and past sale price also indicate it's a property with a solid value foundation in its area, attractive to value-conscious buyers who see potential in established neighbourhoods.

Frequently Asked Questions

1. What does the "ranking" data actually mean?
The rankings compare this specific property against others on its street, in Elmhurst, and across all of Winnipeg. For example, its living area is larger than 96% of homes on Laxdal Road and 89% of homes city-wide, objectively highlighting its standout spaciousness.

2. The basement is unfinished. What should I consider?
This is both a cost and an opportunity. You’ll need to budget to finish it, but you also gain the flexibility to create exactly the space you need—whether a rec room, home office, or secondary suite—without needing to undo previous work.

3. The house was built in 1977. Are there any major concerns?
While the core structure is nearly 50 years old, the strong assessed and recent sale values suggest it has been maintained. A key focus for inspection would be age-related systems like the roof, windows, plumbing, and electrical, which may be original or due for updates.

4. The lot is very large. What are the advantages and responsibilities?
A 12,099 sqft lot is a significant asset for privacy, recreation, or expansion. However, it also means higher maintenance (like more lawn to care for) and potentially higher property taxes compared to a standard lot. It’s worth checking if there are any zoning restrictions or allowances for future structures like a garage.

5. The 2021 sale price was $438,000, and the current assessment is $495,000. What does this indicate?
This shows the property appreciated in assessed value over that period, reflecting market trends and possibly improvements. It’s important to note that assessed value is for municipal taxation, not market value. The current asking price will be influenced by recent comparable sales, condition, and market demand.