Property Overview & Key Characteristics
700 Elmhurst Road is a well-established bi-level home on a large, nearly 9,000 sqft lot in the Elmhurst neighborhood. Built in 1968, its key appeal lies in its generous outdoor space and a finished basement, offering functional living areas beyond its 816 sqft main floor. The property features a split garage and ranks highly for its lot size within Winnipeg, placing it in the top 8% of the city.
Its primary draw is for value-conscious buyers seeking space and potential over turn-key modern finishes. The expansive lot is a significant asset, ideal for gardening, recreation, or future expansion. The home suits a first-time buyer comfortable with a property of its era, a downsizer looking for manageable indoor space with ample outdoor room, or an investor recognizing the long-term value of the land. It’s a practical choice for those who prioritize land size and a quiet neighborhood over a newer build or extensive interior square footage.
Frequently Asked Questions
1. How does the "bi-level" layout work?
A bi-level typically has a ground-level entry leading to two short flights of stairs: one up to the main living areas and bedrooms, and one down to a lower level, which here is a finished basement. This creates defined separation between living zones.
2. The living area seems modest. How livable is it?
At 816 sqft on the main level, the floor plan is efficient. The finished basement effectively doubles the usable living space, making the home feel larger than the main square footage suggests.
3. What does the lot size ranking actually mean?
The ranking indicates the property's lot is larger than 92% of all residential lots in Winnipeg. This is a standout feature, offering more privacy and yard space than typical city lots.
4. Is the 1968 build date a concern?
While the home is older, it has been maintained. Buyers should budget for updates consistent with its age and consider a thorough inspection for systems like plumbing, electrical, and the roof.
5. How should I interpret the assessment value?
The municipal assessment of $338,000 is for tax purposes and reflects a city-wide valuation from a past date. It is a data point, but the market sale price is determined by current conditions, buyer demand, and the home's specific features.