Property Summary: 38 Elmvale Crescent

Key Characteristics & Appeal

This is a spacious, well-established home on a large, mature lot in the sought-after Southboine area of Winnipeg. Built in 1978, the two-storey (with some one-storey elements) home offers 1,900 sq ft of living space and sits on a generous 7,247 sq ft property. A key feature is the finished basement, adding valuable functional space. The home lacks a garage or pool, positioning it as a practical family home rather than a luxury property.

Its primary appeal lies in its space, both inside and out, and its location within a mature neighborhood. The data suggests a strong value proposition: it ranks in the top 15% of Winnipeg homes for lot size and top 12% for living area, meaning it offers more room than most properties in the city. The assessment value ranks in the top 17% city-wide. This combination makes it a standout for buyers seeking substantial square footage and land without a premium price tag. It would suit a family or someone who values generous indoor and outdoor space for living and entertaining over modern amenities like a garage. The mature setting and finished basement also appeal to those looking for a move-in-ready home with room to grow.

A less obvious perspective is the home’s "seasoned" character. At 48 years old, it comes from an era of solid construction and established neighborhoods, offering stability and a sense of community that newer subdivisions are still developing. The rankings indicate it’s a larger, more valuable property than most in the city, yet it remains competitively positioned within its own immediate community, suggesting it’s a comfortable fit rather than an outlier.

Frequently Asked Questions

1. What does the "Two/One Storey" building type mean?
This typically describes a two-storey home that may have a distinct one-storey section, like a rear addition or a prominent front-facing roof line, giving it a hybrid architectural style common in its era.

2. How should I interpret the ranking data?
The rankings compare this property to others on its street, in Southboine, and across all Winnipeg. For example, ranking in the "top 15%" for lot size in Winnipeg means 85% of city properties have a smaller lot, highlighting this home’s standout outdoor space.

3. Is the lack of a garage a significant drawback?
It depends on buyer priorities. The large lot offers ample space for parking and potential future garage construction. For some, the trade-off for more yard space is acceptable, especially given the home’s other size advantages.

4. What is the significance of the finished basement?
It immediately adds usable living space—ideal for a recreation room, home office, or guest area—without the need for a renovation project, enhancing the home's overall functionality and value.

5. The home is 48 years old. What should I consider?
While the structure is proven and the neighborhood mature, a thorough inspection is essential to understand the condition of major aging components like the roof, windows, plumbing, and electrical systems, and to budget for any potential updates.