50 Elmvale Crescent

Property Overview & Key Characteristics

This is a well-established, single-storey home in Southboine, built in 1977 on a large, approximately 6,000 sqft lot. Its key appeal lies in its generous proportions and established neighbourhood setting. The home offers 1,593 sqft of living space, a finished basement, and an attached garage. The data suggests a property that is solid and spacious relative to many in Winnipeg, particularly noting its above-average lot size and living area which rank in the top 31% and 23% city-wide, respectively. Its assessed value is also notably higher than most Winnipeg homes.

The property would suit buyers looking for a move-in-ready, single-level layout—ideal for downsizers or those seeking minimal stairs. It also appeals to those who value a larger, private yard in a mature area over a brand-new build. The rankings indicate it's a competitively sized home within its own community, making it a practical choice for someone wanting space without moving to the outer suburbs.

Frequently Asked Questions

1. How does the home’s age affect its condition and potential costs?
Built in 1977, major systems like the roof, windows, or furnace may be at or nearing the end of their typical lifespan. A thorough inspection is crucial to budget for any necessary updates or maintenance.

2. The lot is large, but how is the outdoor space configured?
With nearly 6,004 sqft, the yard has significant potential. Buyers should consider its current layout, sunlight exposure, and how it meets their needs for privacy, gardening, or recreation, as landscaping in mature areas can be an asset or a project.

3. The home ranks highly for size but lower within its own street. What does this mean?
While the home is spacious compared to all of Winnipeg, it is more average-sized compared to its immediate neighbours on Elmvale Crescent. This suggests the street may consist of similarly sized or larger homes, indicating a consistent, established character.

4. What is the significance of the finished basement?
A finished basement adds valuable flexible space for recreation, guests, or a home office. It’s important to clarify the quality and permits of the finish, as well as ceiling height and moisture control, which are common considerations in older homes.

5. The assessed value is in the top 19% for Winnipeg. How should I interpret this?
A high city-wide assessment ranking generally reflects the property’s substantial lot and living area. It sets a formal value for tax purposes, but the market price will be influenced by current conditions, the home’s specific updates, and buyer demand in the desirable Southboine area.