Property Overview
This one-storey home at 561 Chalfont Road in Winnipeg's Elmhurst neighborhood presents a practical and updated living space. Its key appeal lies in its recent, full renovation and its above-average positioning within the broader city market. With 1,603 sqft of living space, it offers more room than the typical Winnipeg home, and its 1984 build date means it's newer than many city-wide properties. The renovated basement adds functional living area. However, perspectives on its value are nuanced: while its assessed and recent sale prices place it well above city averages, its lot size is notably smaller than others on Chalfont Road itself. This creates a dynamic where the home's modern condition and interior space are prioritized over expansive outdoor grounds.
It would suit buyers looking for move-in-ready, single-level living without the concerns of an older home's major systems. It’s ideal for those who value interior updates and neighborhood amenities over a large yard. The price point suggests it targets move-up buyers or downsizers from larger homes who still want generous indoor space but are comfortable with a more standard urban lot size.
Frequently Asked Questions
Is the lot size a concern?
The lot is approximately 6,348 sqft, which is above the Winnipeg average but smaller than most on Chalfont Road. It provides a manageable yard for maintenance but may not suit those seeking extensive outdoor space for gardening or recreation.
How does the recent sale price compare?
The home sold for $628,000 in November 2024. This sale price ranks in the top 10% for the Elmhurst area and the top 6% city-wide, indicating a premium was paid for the home's condition and location.
What does "above average city-wide" really mean for value?
The home's assessed value ($520k) and living area are consistently in the top 25-30% of all Winnipeg homes. This means you are getting more interior space and a higher valuation than most of the market, though this is reflected in the price.
Who might this home not suit?
Given the smaller lot size for the street and the one-storey layout, it may not appeal to buyers seeking a large, private backyard typical of the area or those who prefer multi-level living spaces.
Are the renovations recent?
The listing specifies a renovated basement, suggesting material updates. The 1984 build date also implies major components like plumbing and electrical are younger than in many classic Winnipeg homes, potentially reducing near-term repair costs.