58 Ascot Bay

Property Overview

This two-storey home in Elmhurst offers a blend of established character and above-average space. Built in 1969, its primary appeal lies in its generous 12,306 sqft lot—a rare find that places it in the top 3% of its street and neighborhood for land size. The 1,553 sqft living area is complemented by a finished basement, providing ample room for a growing family. While the home itself is older, its assessed value ranks highly, suggesting it is well-maintained and situated in a desirable location. The property suits buyers looking for a established home in a mature neighborhood with significant outdoor space for gardens, play, or future expansion, and who appreciate the stability of a home with a long history in the community.

A less obvious perspective is the home's "blank canvas" potential. The large lot and solid ranking for assessed value against its age indicate a property with strong underlying equity. It would appeal equally to those seeking a peaceful, settled setting and to visionaries who see the long-term potential in the land itself.

Frequently Asked Questions

1. What does the high ranking for lot size actually mean?
It means this property's land area of over 12,300 sqft is larger than 97% of homes on its street and 94% in the wider Elmhurst community, offering exceptional outdoor space compared to its neighbors.

2. The home was built in 1969. Should I be concerned about major updates?
The home's age is typical for the mature Elmhurst area. Its above-average assessment value ranking (top 14% in Winnipeg) suggests it has been well-kept or updated in key areas. A thorough inspection is always recommended to understand the condition of major systems like roof, wiring, and plumbing.

3. How does the finished basement add to the living space?
The finished basement effectively adds flexible square footage to the 1,553 sqft main living area. This space can function as a family room, home office, or additional bedrooms, adding significant practical utility to the home.

4. The "neighborhood rank" for the build year seems low. Why is that?
The ranking shows this 1969 home is older than 89% of properties in Elmhurst. This indicates the neighborhood likely has a mix of original homes like this one and many newer infill builds or significant renovations, which is common in established, desirable areas.

5. What type of buyer would this home best suit?
It ideally suits a family or long-term buyer valuing space and stability over a brand-new build. The huge lot is perfect for those who enjoy gardening, outdoor entertaining, or desire room to potentially extend the home. It also appeals to buyers who trust the value proposition of an older, character home in a prime location.