Property Overview: 599 Elmhurst Road
This 1970-built, single-storey home sits on a generous 7,799 sqft lot in Winnipeg's Elmhurst neighbourhood. With 1,104 sqft of living space and a finished basement, it presents a practical, ground-level living option. Recent market activity shows a sale in April 2024 for $342,000, with the current assessed value at $371,000.
Key Characteristics & Appeal
The primary appeal of this property lies in its established lot size and single-level layout. The nearly 7,800 sqft lot is significantly larger than many in the city, offering ample outdoor space for gardening, play, or future expansion, and ranks in the top 12% for size across Winnipeg. The one-storey design suits those seeking ease of movement and minimal stairs. A finished basement adds valuable flexible space for recreation, a home office, or guests.
Its strongest suit is value within a mature neighbourhood. The home ranks above average for its lot size within both the community and the wider city, yet the recent sale price sits below the current assessment, suggesting a potential value opportunity for a buyer comfortable with a home from the 1970s. It would particularly suit first-time buyers, downsizers looking for manageable living without sacrificing yard space, or value-oriented investors attracted by the large lot and finished basement. The appeal is pragmatic: it's a home offering space and function, with the character and mature trees of an established area, rather than modern finishes or luxury amenities.
Frequently Asked Questions
1. How does the recent sale price compare to the assessment?
The home sold for $342,000 in April 2024, which is approximately $29,000 below its current $371,000 assessed value. This can indicate a variety of market conditions and is a key point for discussion with your real estate agent.
2. What does the ranking data actually mean?
The rankings compare this home to others on its street, in Elmhurst, and across all of Winnipeg. For example, its lot size ranks in the top 12% city-wide (very high), while its building age is newer than only 16% of homes in Elmhurst (indicating an older home in its immediate community). This helps gauge its relative strengths.
3. Is the basement a legal suite?
The listing states the basement is finished but does not specify it as a legal secondary suite. Important details regarding separate entrances, kitchen facilities, and legal compliance would require verification with the seller and the city.
4. What are the implications of a 1970s build?
Homes from this era may have original components like windows, roofing, or electrical systems that are nearing or past their typical lifespan. A thorough inspection is crucial to understand the condition and plan for any updates, which can be an opportunity to customize.
5. There's no garage – what are the parking options?
The property has no garage. Buyers should confirm the driveway capacity and on-street parking regulations with the city to ensure it meets their needs for vehicles and visitor parking.