Property Overview
606 Elmhurst Road is a well-established, one-storey home on a generous 7,197 sqft lot in Winnipeg's Elmhurst neighbourhood. Built in 1971, its key appeal lies in its spacious, private yard—a significant asset in a mature area—and its fully finished basement, which expands the usable living space beyond the 1,008 sqft main floor. The home presents a solid value proposition, with a current assessed value of $402,000 that ranks favourably against most of the city.
This property suits practical buyers looking for a land-rich opportunity in a settled community. It’s ideal for someone comfortable with a home of this vintage, who may prioritize outdoor space and the potential to personalize the interior over modern finishes. The strong city-wide ranking for lot size suggests a rare level of privacy and room to grow for the area, appealing to those who value that over a larger interior footprint. It’s a home that offers a grounded, long-term foundation rather than immediate luxury.
Frequently Asked Questions
1. How does the home’s age affect its condition and costs?
Built in 1971, major systems like the roof, plumbing, or electrical may be at or beyond their typical lifespan. A thorough inspection is essential to budget for potential updates, though the house has clearly been maintained well enough to hold solid value.
2. Is the finished basement included in the official square footage?
No. The 1,008 sqft listed is for the main floor only. The finished basement provides additional living space, but its area is not part of the official calculation, meaning you get more functional room than the listed size implies.
3. The lot ranks very high, but the living area ranks lower. What does this mean?
This highlights the property’s core dynamic: you are purchasing a premium-sized, private lot in a mature neighbourhood, with a modestly sized house on it. The value is heavily weighted toward the land and outdoor potential.
4. What might the 2021 sale price tell us?
The previous sale at $335,000 in 2021 and the current $402,000 assessment suggest the market recognizes the value of the property, likely driven by its lot size and the general market trend. It indicates active equity growth over the period.
5. Who is the typical buyer for this home?
It’s best suited for a buyer who sees the potential in the substantial yard—whether for gardening, children, pets, or future expansion—and is pragmatic about living in a character home from the 1970s. It’s less suited for those seeking a large, modern interior or a turn-key property without any projects.