83 Apex Street

Property Overview: 83 Apex Street, Winnipeg

Section 1: Key Characteristics & Appeal

This well-maintained two-storey home in Elmhurst offers a balanced package of space, amenities, and established community living. Its key features include a finished basement, an in-ground pool, and an attached garage, all situated on a generous, nearly 6,000 sqft lot. Built in 1995, the home represents a solid, modern-era construction that avoids the concerns of much older properties while being past its initial wear-and-tear phase.

The appeal lies in its proven functionality and private outdoor space. The pool is a standout luxury for the area, transforming the backyard into a private retreat. The home’s competitive rankings are noteworthy: it scores highly for its newer age relative to most of Winnipeg and achieved a strong recent sale price that places it in the top tier of the local market, suggesting it is perceived as a premium offering in its category. This isn't a starter home or a fixer-upper; it's a turnkey property for those seeking an established, ready-to-enjoy lifestyle.

This property would best suit buyers looking for a long-term family home in a mature neighbourhood who value private outdoor recreation and space. It’s ideal for those who appreciate a home that has already seen significant market validation and are willing to invest in a property with premium amenities like a pool, understanding the associated maintenance and seasonal enjoyment.

Section 2: Frequently Asked Questions

1. How does the recent sale price compare to the assessed value?
The home sold for approximately $73,000 above its municipal assessed value in September 2024. This indicates strong buyer demand and a market perception that the property’s worth exceeds the official tax assessment, a common occurrence for well-appointed homes in desirable areas.

2. What do the ranking percentages actually mean for a buyer?
They show the home’s relative standing. For example, being newer than 77% of Winnipeg homes is a positive for maintenance, while being larger than 81% is a significant space advantage. However, its lower ranking on street for size (only larger than 38% of neighbours) suggests homes on Apex Street are generally large, making this a competitive but not oversized property on its block.

3. Is a pool in Winnipeg a practical feature?
It offers a high-quality summer lifestyle but requires commitment. The season is short, so value is derived from intensive seasonal use and entertainment potential. Buyers should budget for opening/closing services, maintenance, insurance considerations, and eventual long-term equipment updates.

4. What does the "finished basement" entail?
The listing confirms the basement is finished but does not specify the extent, quality, or if it includes a legal secondary suite. This is a key detail to clarify, as it impacts livable square footage, utility, and potential rental income.

5. The home is 31 years old. What major systems might need attention?
While younger than most city homes, key components like the roof, original windows, HVAC system, and pool equipment are likely at or beyond their typical lifespans. A thorough inspection is crucial to anticipate upcoming capital expenditures, even for a home in good condition.