Property Overview & Key Characteristics

This 1965 bi-level home in Elmhurst offers a classic Winnipeg living proposition centered on space and value. Its primary appeal lies in its generous 8,514 sqft lot, which places it in the top 10% of all properties in Winnipeg for land size. This provides exceptional outdoor potential for gardening, play, or future expansion. The home itself features 1,100 sqft of living space with a finished basement, presenting a functional layout. Its key characteristics—a larger-than-average lot, a modest but established home, and a finished lower level—cater to practical buyers.

The property suits first-time buyers or downsizers looking for an entry point into a mature neighborhood without a premium price tag. It’s also a strong fit for value-oriented investors or handy homeowners who see potential in the substantial yard and are comfortable with a home from the 1960s. A thoughtful perspective here is that while the home's interior size and age rank lower within its immediate community, the land itself is a standout asset that is impossible to replicate in newer subdivisions, offering a different kind of long-term equity.

Frequently Asked Questions

1. What does the ranking data actually mean?
The rankings compare this property against others on its street, in Elmhurst, and across all of Winnipeg. For example, being in the "top 10%" for land size in Winnipeg means 90% of properties have smaller lots, highlighting this as a key feature.

2. Is the finished basement included in the 1,100 sqft living area?
Typically, the main living area (1,100 sqft) and the finished basement are listed separately. The 1,100 sqft likely refers to the above-grade living space of the bi-level, with the finished basement adding additional usable square footage.

3. What are the implications of a 1965 build year?
Homes from this era often have solid construction but may require updates to mechanical systems (like plumbing or electrical) or windows. The "top 95%" ranking for age in the community indicates it is one of the older homes in Elmhurst, so a thorough inspection is advised.

4. There's no garage. How is parking handled?
The listing notes no garage, so parking would be via driveway or street. The large lot may offer room to add a parking pad or future garage, subject to local bylaws.

5. Why is the assessed value higher than the price ranking would suggest?
The assessment ($361,000) places it higher city-wide than its price ranking does. This can sometimes indicate the municipal assessment sees underlying value (like the large lot) that the market price hasn't yet reflected, or it may reflect recent assessment trends versus current market conditions.