Property Summary: 626 Elmhurst Road, Winnipeg
Key Characteristics & Appeal
This is a well-established, single-story home on a generous 7,197 sqft lot in the Elmhurst neighbourhood. Built in 1971, its key features include a fully finished basement and a detached garage. The appeal lies in its balance of space, location, and value. The lot size is a significant asset, offering ample outdoor potential in a mature area. While the living space (1,077 sqft) is modest, the finished basement effectively expands the usable area. The property’s overall assessed value ranks notably higher than most in Winnipeg, suggesting it is viewed as a solid asset within its market.
It would suit practical buyers looking for a grounded, move-in-ready home without the premium of a new build. It's ideal for first-time homeowners, small families, or downsizers who prioritize a large yard over a sprawling floor plan and appreciate the character and established gardens of an older neighbourhood. A thoughtful perspective is that this home represents a "blank canvas" on a great plot; its value may be as much in the land and location as in the structure itself, appealing to those who see long-term potential.
Frequently Asked Questions
1. How does the age of the home (55 years) affect things?
While older, a 1971 home typically has modern foundations and wiring. Buyers should budget for standard maintenance and updates to older components like windows, roof, or mechanical systems, but major structural concerns common in much older homes are less likely.
2. The lot is large, but the house isn't. Can it be expanded?
The sizable lot does offer potential for future additions like an extension, sunroom, or large deck. Any expansion would require checking current zoning bylaws and obtaining the necessary permits.
3. What do the ranking percentages actually mean?
They show how this property compares to others in the area. For example, its value ranks in the top 29% in Winnipeg, meaning it's assessed higher than 71% of city properties. This indicates a strong perceived value for its category.
4. Is the finished basement included in the 1,077 sqft living area?
No. The 1,077 sqft refers to the above-ground living space. The finished basement is additional square footage, providing extra rooms or recreational space not reflected in the main living area figure.
5. The community ranking for building age is low. What does that imply?
Ranking in the top 80% for age means 80% of homes in the community are newer. This suggests Elmhurst is a neighbourhood with many homes built more recently than 1971, so this property is among the older ones on the block, which can influence streetscape and renovation trends.