Property Overview: 574 Elmhurst Road
Key Characteristics & Appeal
This well-situated one-storey home in Elmhurst is defined by its generous, mature lot and solid value proposition. Built in 1968, the 1,014 sqft house sits on a large, approximately 9,443 sqft property, a standout feature that places it in the top tier for lot size within Winnipeg. The home includes a finished basement and a detached garage.
Its primary appeal lies in its established neighborhood setting and the significant outdoor space it offers—a rarity that provides room for gardens, play, or expansion. The property’s assessed and recent sale value consistently perform strongly against local benchmarks, suggesting a stable and desirable location. It would particularly suit first-time buyers or downsizers looking for a manageable single-level layout with a low-maintenance exterior, or value-focused buyers who prioritize land size over a newer build or extensive interior square footage. A thoughtful perspective is recognizing the potential here: the large lot offers a long-term hedge against densification and presents future opportunities, whether for personal enjoyment or value addition, that smaller parcels simply cannot.
Frequently Asked Questions
1. How does the age of the home affect its condition and potential costs?
Built in 1968, some systems (like plumbing, electrical, or the roof) may be nearing or past their typical lifespan. A thorough inspection is crucial to budget for any necessary updates, though the home has clearly been maintained to hold its value.
2. What are the benefits and drawbacks of a detached garage?
It provides flexible storage or workshop space separate from the house. However, accessing your vehicle in the winter will require going outdoors, which is a consideration compared to an attached garage.
3. The living area is noted as smaller than average for the area. How does the layout function?
With 1,014 sqft above grade plus a finished basement, the home likely offers functional, compact living spaces. The appeal is balanced by the large yard, effectively extending your living area outdoors during warmer months.
4. The lot is exceptionally large. Are there any restrictions on how it can be used?
You should verify with the city regarding zoning bylaws. The size could allow for additions like a shed, deck, or even a future extension, but all are subject to permit approvals and setback requirements.
5. Why is the lot size ranking so high, but the living area ranking lower?
This highlights the property’s unique profile. You are purchasing a premium-sized parcel of land in a mature neighborhood, with a modest-sized home on it. This is ideal for those who value outdoor space over a large interior footprint.