Property Overview
This 1971 bi-level home at 594 Elmhurst Road offers a practical and private living arrangement on a large, mature lot. Its key appeal lies in the combination of a spacious 7,198 sqft property—a significant asset in the city—with a fully finished basement, effectively doubling the 829 sqft main floor living space. The home ranks highly for its lot size within Winnipeg, placing it in the top 15% of all properties, which provides ample outdoor potential and a sense of privacy not always found at this price point.
The property suits first-time buyers or downsizers seeking a manageable footprint with room to grow, either indoors or out. Its value is grounded in the land and location rather than the size or newness of the structure itself. A thoughtful perspective is that this home represents a "blank canvas" opportunity; while the interior may require updating, the excellent lot ranking and established neighborhood offer a solid foundation for future value. It’s a practical choice for someone comfortable with a home that offers potential over immediate modern finishes.
Frequently Asked Questions
1. How does the "ranking" system work?
The rankings compare this property against others on its street, in Elmhurst, and across all of Winnipeg for specific metrics like lot size and age. For example, being in the top 15% for lot size city-wide means the property is larger than 85% of homes in Winnipeg, which is a standout feature.
2. The living area is listed as 829 sqft. Is that the total living space?
No, that is the main floor living area. The home has a fully finished basement, which significantly increases the total usable living space. The 829 sqft figure does not include the basement area.
3. What does the assessment value mean for the listing price?
The municipal assessment of $332,000 is for taxation purposes and is not the listing price. It can, however, be a useful benchmark in understanding the property's base value relative to others in the area, as it is based on historical market data and physical attributes.
4. The home was built in 1971. What should I be aware of?
As a home from the early 1970s, prospective buyers should pay special attention to the condition of major systems like the roof, plumbing, electrical, and foundation during an inspection. The age also presents an opportunity to customize and renovate to modern tastes over time.
5. There is no garage. Is adding one a possibility?
Given the very large lot size, there is likely physical space to add a garage or carport, subject to local zoning bylaws and setback requirements. This is a potential future project that could add significant convenience and value.