78 Epsom Crescent

Property Overview: 78 Epsom Crescent, Winnipeg

Section 1: Key Characteristics & Appeal

This well-maintained two-storey home in Elmhurst offers a classic and practical layout on a spacious, mature lot. Its key features include 1,224 sqft of living space, a fully finished basement, and an attached garage. Built in 1981, the home presents a solid opportunity for buyers seeking a move-in-ready property with room to personalize.

The appeal lies in its balance of space, established neighborhood character, and value. The lot size of over 6,000 sqft is a significant asset, offering ample outdoor space—a relative rarity in many newer subdivisions. The home’s competitive rankings, particularly being newer than 64% of Winnipeg homes and situated on a lot larger than 73% of city properties, highlight its underlying strengths in terms of both space and building age for its price point.

This property would suit first-time buyers or small families looking for a stable, low-maintenance home in a mature community. It’s also a sensible choice for value-oriented buyers who appreciate a larger yard and the potential for gentle updates over time, rather than a full-scale renovation project. A thoughtful perspective: while the interior square footage is modest, the generous lot provides a crucial expansion buffer, whether for gardening, play, or future outdoor living spaces, making it efficient inside and expansive outside.

Section 2: Frequently Asked Questions

1. How does the 2021 sale price relate to the current assessment?
The home sold for $375,000 in June 2021. The current assessed value is $400,000. This difference can reflect market changes, improvements made since the last sale, or the city’s assessment methodology, and should be discussed with your real estate agent in the context of today’s market.

2. Is the basement included in the listed 1,224 sqft living area?
Typically, the main and upper floor finished areas constitute the official living space. The fully finished basement is an additional area, providing valuable extra rooms for recreation, storage, or guests.

3. What do the "ranking" percentages mean?
They show how this property compares to others. For example, being "newer than 64% of Winnipeg homes" means its 1981 build date is more recent than a majority of the city's housing stock. Similarly, its lot size is larger than 73% of all Winnipeg properties, a key competitive advantage.

4. What is the neighborhood of Elmhurst like?
Elmhurst is a long-established, quiet residential community in Winnipeg. It features mature trees, varied home styles from different eras, and is known for its family-friendly atmosphere and convenient access to local amenities.

5. Are there any obvious concerns with a home from 1981?
Homes from this era are generally built with sturdy materials. A pre-purchase inspection is always recommended to check the condition of major systems (roof, furnace, wiring, plumbing) which may be nearing or have exceeded their typical lifespans, allowing for informed budgeting.