Property Summary: 629 Elmhurst Road, Winnipeg
Key Characteristics & Appeal
This is a classic one-and-a-half storey home built in 1943, situated on a notably large, mature lot of nearly 12,000 square feet in the Elmhurst neighborhood. Its key appeal lies in this generous, private outdoor space, which offers significant potential for gardening, expansion, or simply enjoying a rare degree of tranquility within the city. The home itself, with 1,120 sqft of living space and an unfinished basement, presents a solid foundation rather than a turn-key product. It suits a specific buyer: someone with a vision for customization, whether a first-time buyer comfortable with gradual updates, an investor seeing value in the land, or a downsizer seeking a manageable home with exceptional outdoor room. Its high rankings for lot size within the community and city underscore its standout feature, while its lower rankings for assessed value and age suggest it is seen as an opportunity rather than a premium-priced finished home. The perspective here is that you are purchasing potential—primarily in the land and location—with the house offering functional shelter as you shape it to your needs.
Frequently Asked Questions
1. What does "one-and-a-half storey" typically mean for a 1940s home like this?
It usually indicates a home where the second level has sloped ceilings following the roofline, creating cozy bedrooms or spaces with character. The 1,120 sqft living area likely includes both floors.
2. The lot size is a major feature. Are there any restrictions on how it can be used?
While the lot offers great potential, you should verify local zoning bylaws regarding permitted structures (like sheds or garages), setback requirements, and any potential for subdivision, which may or may not be allowed.
3. The basement is unfinished. What should I check regarding its condition and potential?
Given the home's age, it's crucial to have the basement inspected for moisture, foundation integrity, and the condition of essential systems (like wiring, plumbing, and the heating source) that are often housed there.
4. How do the provided "rankings" work?
They are relative comparisons. For example, being in the "top 4%" for lot size in Winnipeg means 96% of city lots are smaller. Conversely, being in the "top 82%" for age means it's older than 82% of homes, so it's a comparatively older property.
5. The assessed value is lower than many nearby homes. Does that mean it's a bargain?
Not necessarily. Municipal assessment is for tax purposes and often lags market value. The lower assessment primarily reflects the home's age, unfinished state, and modest living area compared to its lot value. The market price will be determined by what buyers are willing to pay for its unique potential.