Property Summary: 525 Elmhurst Road
Key Characteristics & Appeal
This is a well-established, single-storey home on an exceptionally large, mature lot in the Elmhurst neighborhood. Its primary appeal lies in its generous 13,312 sqft property, which places it in the top 3-4% of lot sizes across Winnipeg. This offers significant privacy, space for gardening, recreation, or future expansion. The home itself, built in 1974, is a comfortable 1,370 sqft bungalow with a finished basement and an attached garage. Its assessed value ranks highly within its immediate area, suggesting a solid and desirable location.
The property suits buyers looking for a grounded, spacious setting without moving to a rural area. It’s ideal for those who value outdoor space over a brand-new build—think gardeners, families wanting a large backyard, or anyone seeking a quiet retreat. It also presents a compelling opportunity for a buyer with a longer-term vision, as the vast lot is a rare asset that could be enjoyed as-is or potentially leveraged in the future. The high rankings for lot size and value, contrasted with more modest rankings for the home's age and living area, highlight a property where the land itself is the standout feature.
Frequently Asked Questions
1. What does the high ranking for lot size actually mean?
It means this property's land area is larger than 97% of all residential properties in Winnipeg, offering a level of outdoor space that is increasingly rare in the city.
2. The home was built in 1974. What should I consider?
While the structure is 50 years old, the high assessment value ranking suggests it has been maintained and is in good condition for its age. A thorough inspection will be key to understand the condition of major systems like roof, wiring, and plumbing.
3. Who would this property not suit as well?
Buyers seeking a modern, open-concept layout or a low-maintenance, turn-key property may find the home’s original floor plan and the scale of yard upkeep requires more compromise or work.
4. The rankings for the home's age and size are lower. Is that a concern?
Not necessarily; it reflects that newer and larger homes exist. It underscores that this property’s main advantage is its land, not the size or newness of the dwelling. It appeals to a different priority.
5. What is the neighborhood (Elmhurst) like?
The high rankings within the community for lot size and value indicate Elmhurst is a well-regarded, established area where larger properties are the norm, contributing to a stable and desirable streetscape.