62 Ascot Bay

Property Summary: 62 Ascot Bay, Elmhurst, Winnipeg

Key Characteristics & Appeal

This is a well-situated, classic one-storey bungalow on a very large, mature lot in the established Elmhurst neighbourhood. Its primary appeal lies in its generous 8,667 sqft property, which ranks in the top 9% locally for size, offering exceptional outdoor space for gardening, play, or future expansion. The home itself, built in 1968, features a finished basement and a split garage, providing practical living and storage solutions.

The property suits buyers looking for a solid, single-level home in a quiet area with room to breathe. It’s ideal for those who value a large yard over a large house and are comfortable with a home of vintage character. The rankings suggest it offers strong value within its immediate area, particularly for land size and overall assessed value, making it a pragmatic choice for downsizers, small families, or investors seeking a property with redevelopment potential given the lot dimensions. A less obvious perspective is that this home represents a balance: it doesn’t lead the market in modern finishes or square footage, but it offers a rare commodity—significant land—in a city setting, which is increasingly difficult to find.

Frequently Asked Questions

1. What is the actual condition of a home built in 1968?
While the listing confirms a finished basement, the age of the home means prospective buyers should budget for potential updates to major systems like roofing, plumbing, or electrical, and anticipate a layout that may differ from modern open-concept designs.

2. How does the "finished basement" factor into the living space?
The listed living area is 1,023 sqft, which typically refers to above-ground space. The finished basement adds valuable functional rooms but is not usually included in that official square footage calculation, so the total usable space is greater.

3. What does the split garage configuration mean?
A split garage typically refers to a two-car garage with two separate doors, a common feature in homes of this era. It offers flexibility but may have narrower individual bays than a modern single, wide door.

4. The lot is large, but are there any restrictions on its use?
While the lot size is a major asset, any plans for significant changes (like adding a secondary suite, a large addition, or a new garage) would require checking with the city for zoning bylaws, heritage designations, or easements.

5. The value rankings seem strong. What do they indicate?
The rankings compare this property against others on its street, in Elmhurst, and across Winnipeg. Its high rankings for lot size (top 9%) and assessed value suggest it is priced competitively for the land and location it offers, even if the house itself is not the newest or largest.