Property Overview: 611 Elmhurst Road
Key Characteristics & Appeal
This is a well-established, single-family bungalow situated on a generous, mature lot in the Elmhurst neighborhood. Built in 1970, the home offers 1,104 sqft of living space with the practical advantage of a finished basement and a detached garage. Its primary appeal lies in its solid positioning within a long-standing community, offering more outdoor space than many newer properties. The lot size of over 7,800 sqft is a significant asset, providing room for gardening, play, or future expansion.
The property’s competitive rankings are noteworthy. It places highly within Winnipeg overall (surpassing 88% of homes for lot size and 59% for assessed value), suggesting strong fundamental value for the city. However, its rankings within its immediate community for factors like age and living area are more moderate, indicating it is a comfortable, typical home for the area rather than a standout modern renovation. This profile suits a practical buyer—perhaps a first-time homeowner, a downsizer, or an investor—who values space, stability, and established neighborhoods over brand-new finishes. It’s a property for those who see potential in a solid foundation and a large yard, understanding that its value is rooted in land and location as much as the structure itself.
Frequently Asked Questions
1. What does the ranking data actually tell me?
The rankings show how this property compares to others in its immediate street, neighborhood, and all of Winnipeg. For example, placing in the top 12% of Winnipeg for lot size highlights the parcel's rarity and value. The lower rankings within the community for living area and age simply confirm it's a classic, average-sized bungalow for the area.
2. Is the finished basement included in the 1,104 sqft living area?
Typically, the listed "居住面积" (Living Area) refers to above-grade square footage. The finished basement is an additional bonus space, adding functional rooms without increasing the official living area calculation.
3. The home is over 50 years old. What should I budget for maintenance?
While systems and structure can be sound, a home of this age may need updates to roofing, windows, or major mechanical systems (furnace, plumbing). A thorough inspection is crucial to prioritize any necessary investments.
4. Who might this property NOT suit?
It may not suit buyers seeking a modern, open-concept layout with recent high-end renovations, or those who prefer a low-maintenance property with a new build's warranties. The detached garage also means navigating weather to and from your vehicle.
5. How does the assessed value relate to the asking price?
The municipal assessment of $378,000 is for tax purposes and reflects a mass appraisal from a prior date. It's a useful data point for understanding the city's valuation, but the market price is determined by current supply, demand, condition, and recent sales of comparable homes.