74 Ascot Bay

Property Overview & Key Characteristics

This 1969-built, single-storey home in Elmhurst offers a practical and spacious layout on a large, 7,541 sqft lot. Its key appeal lies in its well-established neighbourhood setting and its generous land size, which ranks highly within the local area. The home features a finished basement and an attached garage, providing functional living and storage space. With a living area of 1,272 sqft, it offers comfortable room for daily life.

The property's standout characteristic is its excellent relative value and established nature. It ranks in the top 13% of all Winnipeg homes for lot size and the top 30% for assessed value, suggesting a strong land-to-value proposition. While the structure itself is older, it sits on a premium-sized parcel in a mature community. This home would suit buyers looking for a solid, no-frills property with space to grow, garden, or potentially expand in the future, who prioritize lot size and neighbourhood character over a newer build.

Frequently Asked Questions

1. What does the high ranking for lot size actually mean?
It means this property's land is larger than 87% of all homes in Winnipeg, offering significant outdoor space that is increasingly rare, especially for a single-storey home.

2. The house was built in 1969. What should I consider?
While the structure is mature, the rankings show it is newer than 97% of other homes on its street, indicating a well-established, stable neighbourhood. Buyers should budget for updates to older mechanical systems, windows, or insulation to improve modern comfort and efficiency.

3. How does the finished basement add value?
It immediately provides additional liveable square footage beyond the main floor, which can be used for recreation, guests, or storage, adding functional utility without the need for a renovation.

4. The community ranking for "newness" is low. Is that a concern?
Not necessarily. This reflects that Elmhurst is a mature, sought-after neighbourhood where homes are often well-maintained and updated over time. The value here is in the location and land, not a recent construction date.

5. Who is this property best suited for?
It's ideal for buyers who value space and location over a turn-key modern home. It could be a great fit for a growing family wanting a large yard, a downsizer seeking single-level living with room for hobbies, or a value-oriented buyer seeing potential in the substantial lot.