Property Overview: 501 Chalfont Road, Winnipeg
Key Characteristics & Appeal
This two-storey home in Elmhurst presents a compelling blend of space, location, and modern readiness. Its nearly 2,000 sqft of living area places it comfortably above average for the neighbourhood and city, offering ample room for families. A key feature is the renovated basement, adding functional living space. The home is newer than many in Winnipeg, built in 1984, which can suggest fewer immediate major updates compared to older stock. While the lot size is typical for the street, it is notably larger than the city average, providing good outdoor space.
The appeal lies in its strong positional metrics. It ranks consistently above average in Elmhurst and city-wide for living area, assessed value, and year built, indicating a solid, well-sized property in a desirable context. The attached garage and lack of pool point to a practical, low-maintenance lifestyle. This home would suit buyers looking for a move-in ready family home with modernized basics, who value space over ultra-premium lot size, and who appreciate a property that performs well on key metrics compared to its peers.
Frequently Asked Questions
1. How does the assessed value compare to the last sale price?
The home was last sold in February 2023 for $625,000. The current assessed value is $540,000. It’s important to discuss this difference with your real estate agent, as it can reflect market shifts, specific renovations, or assessed value methodologies.
2. Is the lot size a disadvantage?
The lot is just under 8,500 sqft. While it’s smaller than the average lot on Chalfont Road, it is larger than the average for both Elmhurst and Winnipeg as a whole. It offers a balanced yard space without excessive maintenance.
3. What does "above average" for the year built really mean?
Built in 1984, the home is newer than about 78% of homes in Elmhurst and 70% city-wide. This generally suggests building materials and layouts that are more modern, though core systems like roof, windows, and HVAC are likely in their mid-life stage and should be inspected.
4. Who are the typical neighbours or buyers in this area?
Given the home’s size, above-average rankings for the area, and family-friendly features, it likely appeals to established professionals and growing families looking for a long-term home in a stable neighbourhood.
5. How does the living space compare to nearby similar-valued homes?
The living area is a standout feature. At 1,994 sqft, it provides more interior space than the average home in its assessed value bracket, both in Elmhurst and across Winnipeg, indicating good value for square footage.