3 Elmvale Crescent

Property Overview: 3 Elmvale Crescent

Section 1: Key Characteristics & Appeal

This well-situated Southboine home is a classic 1978-built bungalow offering single-level living on a generous, mature lot. Its key characteristics include a fully finished basement, an attached garage, and 1,285 sqft of living space. The appeal lies in its established neighborhood setting, the practicality of the bungalow layout, and the significant lot size of over 6,600 sqft, which provides ample outdoor space and potential in a desirable area.

The property would particularly suit first-time buyers or downsizers seeking a manageable, single-storey home in a prime location without the premium price of a newer build. It also appeals to value-oriented buyers who see potential in the land size and are comfortable with a home of this vintage, understanding that updates may be part of their long-term plan. A less obvious perspective is its strong relative ranking for lot size within Winnipeg (top 20%), which is a fixed asset that can be a wise long-term hold in a sought-after community, even if the house itself is modest in scale.

Section 2: Frequently Asked Questions

1. How does the property’s value compare to its neighbors?
The home’s assessed value is at the lower end for both its immediate street and the wider Southboine community, suggesting it may present a more accessible entry point into the area.

2. Is the house smaller than others nearby?
Yes, the living area is more compact than most homes on the street and in the neighborhood. This is a key factor in its pricing and represents a trade-off for gaining a larger lot in a prime location.

3. What does the "fully finished basement" entail?
The listing confirms a finished basement, which adds functional living space. Prospective buyers should investigate the quality, layout, and ceiling height of this finish during a viewing, as standards in a 1978 home can vary.

4. Given its age, what should I be prepared for?
Built in 1978, major systems like the roof, windows, furnace, and plumbing are at an age where inspection, maintenance, or replacement should be budgeted for. An updated sewer line scope would also be prudent.

5. Why are the rankings for "newness" better than for "size"?
While the home itself is smaller than many comparables, its 1978 build date is actually newer than a significant portion of the housing stock in its immediate area and across Winnipeg, which often features much older homes. This indicates a neighborhood with a mix of eras.