7 Elmvale Crescent

Property Overview

This 1978-built, one-storey home on a large 6,014 sqft lot in Southboine presents a specific and practical value proposition. Its key appeal lies in its generous, private lot size, which ranks highly within its immediate neighborhood, offering significant outdoor space that is uncommon for the area. The home itself is modest in size at 1,273 sqft and features a finished basement and an attached garage. The overall assessment value is strong relative to the wider Winnipeg market.

It is a property that would suit a pragmatic buyer—perhaps a downsizer seeking single-level living without sacrificing yard space, or a value-conscious household willing to trade newer finishes or square footage for land potential and location. Its rankings suggest it’s a home that may feel dated compared to neighbors (ranking low on living area and age within its street), but whose underlying land and total property value hold their own in the broader city context. The appeal is less about immediate move-in luxury and more about the solid foundation and the opportunities the lot presents for gardening, expansion, or simply enjoying a sizable private outdoor retreat.

Frequently Asked Questions

1. How does the "ranking" system work?
The rankings compare this property against others on its street, in its community, and across all of Winnipeg for specific metrics. A "top 31%" rank in Winnipeg for value means 69% of city properties have a lower assessed value. It's a quick way to see where this home excels or is more typical within different geographic circles.

2. The living area ranks low on its street. Does the house feel small?
At 1,273 sqft, the above-ground living space is indeed below average for Elmvale Crescent. However, the finished basement adds functional space. The trade-off is a focus on the large lot; the property prioritizes outdoor space over indoor square footage.

3. What is the significance of the lot size ranking so high?
Ranking in the top 3% of the neighborhood for lot size is a major feature. It means you are getting a property with significantly more outdoor space than most in the area, which can mean greater privacy, room for additions, or landscaping potential that is hard to find.

4. The house was built in 1978. What should I be aware of?
As a 48-year-old home, prospective buyers should budget for updates to major aging components. A thorough inspection is essential to assess the condition of the roof, windows, plumbing, electrical systems, and the heating/cooling system, which may be near or past their typical lifespans.

5. The assessment value seems high compared to its street and community rankings. Why?
While the home's size and age rank lower locally, its total assessment ranks much higher in Winnipeg. This suggests the city's assessment places significant value on the combination of its location, the finished basement, and, most notably, the large lot size, viewing these as strong assets in the wider market.