Property Overview & Key Characteristics

This 1970-built, single-story home on a large 8,136 sqft lot in Elmhurst offers a grounded, value-oriented opportunity. Its primary appeal lies in the generous, established lot—a rarity that provides space, privacy, and potential for gardening or expansion. With a finished basement and over 1,000 sqft of living space, the layout is practical for everyday living. The property's standout strength is its location-based value; it ranks in the top 11% of all Winnipeg for lot size and sits on a street where it surpasses 60% of neighboring homes in that key metric. This suggests a well-regarded, mature setting.

The home would suit a first-time buyer seeking an entry point into a solid neighborhood with room to grow, or a downsizer looking for manageable single-level living without sacrificing outdoor space. It’s a pragmatic choice for those who prioritize land value and location over a modern or recently built home, and who see the charm and potential in a property that is honestly presented—no garage, no pool, but with established roots and space to make your own.

Frequently Asked Questions

1. How does the age of the home (built in 1970) affect its condition and potential costs?
While the home is well-situated, its age means prospective buyers should budget for updates and diligent maintenance. The major systems (roof, plumbing, electrical) may be original or nearing the end of their service life, so a thorough inspection is essential to understand upcoming capital costs.

2. The lot is large, but what are the possibilities for using or developing it?
The 8,136 sqft lot is a significant asset. Beyond gardening and recreation, it may allow for future additions like a garage, workshop, or sunroom, subject to local zoning bylaws. The size also offers a sense of openness uncommon in newer subdivisions.

3. There's no garage. How big of an issue is this, and is adding one feasible?
The lack of a garage is a trade-off for the lot size and price point. Street parking is the immediate solution. Adding a garage is a likely possibility given the lot's dimensions, but it represents a future project and investment to consider in the total cost of ownership.

4. The home ranks highly for lot size but lower for living area. What does this mean?
This indicates you are purchasing primarily for the land and location. The living space is modest and ranks below average for the area, so the layout may feel compact. The finished basement helps offset this, providing crucial additional functional space.

5. The assessment value is $361,000. How should I interpret this in relation to the asking price?
The municipal assessment is a formula-driven value for tax purposes, not a market appraisal. It indicates the home is in the middle range for Winnipeg. The actual sale price will be determined by current market demand, the home's condition, and its desirable lot size, which may command a premium above the assessment.