81 Ascot Bay

Property Overview: 81 Ascot Bay

Key Characteristics & Appeal

This is a well-situated, classic one-storey home in Elmhurst, built in 1968. Its primary appeal lies in its generous 7,278 sqft lot—a significant size that offers ample outdoor space and ranks within the top 15% of all properties in Winnipeg for land area. The home itself is modest in size at 1,023 sqft of living space and features a finished basement and a detached garage.

The property presents a compelling value proposition. Its assessment value ranks higher than its physical characteristics (age, living space), suggesting the lot itself is a major driver of its worth. It would suit a buyer looking for a solid, no-frills home on a large, established lot—perfect for gardening, expansion, or simply enjoying private outdoor space. It’s particularly suited for a downsizer seeking single-level living or a pragmatic buyer who sees potential in the land and is comfortable with a home that is functional rather than modern.

A less obvious perspective is its competitive positioning within its immediate community. While the home is older and smaller than most in Elmhurst, it outperforms 61% of neighborhood homes on lot size alone, offering a rare combination of affordability and land in the area.

Frequently Asked Questions

1. What does the "ranking" data mean?
The rankings show how this property compares to others in its immediate street, wider community, and all of Winnipeg. For example, its land size is better than 85% of all Winnipeg homes, but its living space is smaller than 69% of them.

2. Is the large lot usable, or is it an odd shape?
While the listing doesn't specify the lot's dimensions, a size of over 7,200 sqft in an established neighborhood like Elmhurst typically indicates a deep, rectangular backyard, which is highly usable for recreation or additions.

3. Given its age, what should I be prepared to update?
As a home built in the late 1960s, key systems like the roof, plumbing, electrical, and windows may be at or beyond their typical lifespan. A thorough inspection is advised to prioritize updates.

4. Why is the assessed value higher than the rankings for the home's age and size?
This is likely due to the significant value contributed by the large lot. Assessors consider land value separately, and a premium lot can elevate the total assessment even for a modest home.

5. How does the finished basement affect the living space?
The 1,023 sqft listed is typically the above-grade living area. The finished basement adds additional functional space but is not usually included in that official square footage figure, offering extra rooms or recreational area.