Property Overview: 619 Elmhurst Road, Winnipeg
Section 1: Key Characteristics & Appeal
This well-situated one-storey home in Elmhurst offers a classic and practical living arrangement on a generously sized lot. Its key features include a fully finished basement, 1,104 sqft of living space, and a substantial 7,824 sqft property, providing ample room for gardening, play, or future expansion. Built in 1970, the home presents a solid opportunity for buyers comfortable with the character and maintenance considerations of an established property.
The appeal lies in its balance of space, location, and value. The lot size is a significant asset, ranking in the top 12% across Winnipeg, which is rare for an inner-city property. This creates potential not found in newer subdivisions. The home’s rankings suggest it sits in a desirable pocket of its community, outperforming most neighborhood homes in lot size and recent sale value. It would particularly suit first-time buyers or downsizers seeking a manageable single-level layout with a huge yard, or value-oriented investors looking for a property with strong land value and rental potential via the finished basement. It’s a home for those who see the underlying asset—the land—and are prepared to live with or gradually update a solid older structure.
Section 2: Frequently Asked Questions
1. What does the "finished basement" entail?
The listing confirms the basement is finished, but specifics on layout, ceiling height, permits, and moisture control are essential to request, as these factors greatly impact livability and value in older homes.
2. Why is the lot size ranking so high compared to other metrics?
This indicates the property is larger than most in Winnipeg, a major advantage. However, the home's living area and age rankings are more average, highlighting a property where the land itself is the standout feature over the current structure.
3. The 2022 sale price was higher than the current assessed value. What does this mean?
Market assessments can lag behind rapid price changes. The 2022 sale provides a recent market benchmark, but a current appraisal would be needed to understand today's value in the evolving market.
4. Who is the ideal buyer for this property?
It's ideal for a buyer who prioritizes outdoor space and location over a modern, turn-key interior. It suits someone ready for potential updates who values the long-term equity in a large lot more than immediate, high-end finishes.
5. Are there any obvious concerns given the age?
Being built in 1970, prospective buyers should proactively investigate the condition of major systems (roof, plumbing, electrical, HVAC) and the potential for asbestos or outdated insulation, which are common for the era. A thorough inspection is non-negotiable.