78 Ascot Bay

Property Overview: 78 Ascot Bay, Elmhurst, Winnipeg

This well-established 3-level split home in Elmhurst presents a classic and practical living opportunity. Built in 1968, it sits on a generous 7,540 sqft lot, offering more outdoor space than most properties in Winnipeg. The 1,157 sqft home features a finished basement and a detached garage. Its appeal lies in its solid foundation within a mature neighbourhood, providing a sense of space and permanence that can be harder to find in newer subdivisions. The recent 2020 sale suggests a previous turnover, and the current assessed value indicates steady market recognition.

This property would suit first-time buyers looking for a manageable entry into homeownership with room to grow, or downsizers seeking a single-level living potential within the split layout, without the maintenance of a massive yard. It’s ideal for those who value established communities with larger lot sizes over brand-new finishes. A thoughtful perspective is that while the home’s age places it in the older half of area properties, this often translates to character, mature landscaping, and a settled streetscape that many find appealing.

Frequently Asked Questions

1. What does the ranking data actually mean?
The rankings compare this home against others on its street, in Elmhurst, and across all of Winnipeg for metrics like lot size and living area. For example, being in the top 13% city-wide for lot size means you're getting more land than 87% of Winnipeg properties, a significant advantage.

2. Is a 1968-built home a concern?
While newer than many in the neighbourhood, a home of this age requires a buyer to be comfortable with the potential for updating mechanical systems (like plumbing or electrical) and aesthetics. A thorough inspection is essential to understand its current condition.

3. How does the finished basement affect the living space?
The finished basement adds flexible living area but is included in the total 1,157 sqft. It’s ideal for a rec room, home office, or guest space, effectively making the home feel larger than the main floor square footage alone suggests.

4. Why is there a difference between the 2020 sale price and the current assessment?
The 2020 sale price reflects the market value at that time. The current assessment is an estimate for municipal tax purposes. Market value can be influenced by recent sales, renovations, and broader market trends, and may differ from the assessed value.

5. What are the pros and cons of a detached garage?
A detached garage offers flexibility for a workshop or projects without fumes entering the house. The main consideration is convenience during Winnipeg winters, as you will need to go outside to access your vehicle from the home.