15 Elmvale Crescent

Property Overview

15 Elmvale Crescent is a well-established, spacious family home in Southboine, Winnipeg. Built in 1979, it offers over 2,170 square feet of living space on a large, 6,015 sqft lot. The home is a two/one-storey design with an unfinished basement, providing room to grow. It does not have a garage or pool.

The appeal here lies in its generous interior space and substantial lot size, which are above average for both the city and the immediate neighbourhood. Its rankings show it outperforms 94% of Winnipeg homes in living area, offering more room than most. The property suits buyers looking for a solid, spacious home in a mature neighbourhood, who value indoor square footage and yard space over modern finishes or amenities like a garage. It’s ideal for a family or someone needing room to customize over time, particularly those comfortable with a home of this vintage and the maintenance or updates that may entail.

Key Considerations & FAQs

1. What is the true value proposition of this home?
   The primary value is in its generous living space and lot size. You are acquiring significant square footage, both indoors and on the property, in a mature neighbourhood. The unfinished basement represents potential future value, allowing for customization to suit your needs.

2. How does the lack of a garage impact daily life and value?
   This is a notable consideration for our climate. Buyers will need to factor in the cost and logistics of adding a parking structure or relying on street/driveway parking. For some, this presents an opportunity to build a garage tailored to their needs; for others, it’s an immediate inconvenience.

3. The home is nearly 50 years old. What should I be prepared for?
   While the rankings show it’s newer than many homes in the area, a property of this age will likely require ongoing maintenance and systems updates. A thorough inspection is essential to understand the condition of the roof, windows, plumbing, and electrical systems. Budgeting for these updates is a prudent part of the purchase.

4. The assessment value is lower than the city average for a home of this size. What does that indicate?
   The municipal assessment considers various factors, including the home’s age, condition, and specific location. An assessment that is moderate relative to the home’s generous square footage can sometimes reflect its original build quality or that it awaits modernization. It’s a useful data point, but market value is determined by current buyer demand.

5. Who is this neighbourhood best suited for?
   Southboine is a long-established community. It typically appeals to those seeking a quiet, residential setting with larger lots and a sense of permanence, rather than the buzz of newer, high-amenity subdivisions. It’s well-suited for families or individuals who appreciate space and established greenery.