Property Overview & Key Characteristics
This 1962-built bi-level home at 723 Haney Street in Elmhurst offers a unique blend of space, privacy, and established charm. Its most defining feature is the exceptionally large, 17,610 sqft lot, placing it in the top 3% of properties in the community for land size. This provides rare potential for expansion, gardening, or outdoor recreation within city limits. The home itself includes 1,242 sqft of living space, a finished basement, an in-ground pool, and an attached garage.
The appeal lies in the balance of a solid, functional home on a truly standout piece of land. It suits buyers who value long-term potential and outdoor space over brand-new finishes. It’s an ideal match for a growing family seeking room to play and possibly extend the home in the future, or for anyone who dreams of a private, park-like setting. The property also presents a compelling value proposition for a savvy buyer willing to invest in updates over time, given its strong lot value and assessment ranking above most of Winnipeg.
Frequently Asked Questions
1. What is the true value of such a large lot?
Beyond privacy and space, a lot of this size in a mature neighborhood is a scarce asset. It offers future flexibility that smaller parcels cannot, whether for adding a garage, workshop, garden, or even a future home addition, subject to city bylaws.
2. The home was built in 1962. What should I be prepared for?
While systems like the roof, furnace, and plumbing may have been updated over the years, a pre-purchase inspection is crucial to understand the condition of these major components. The 1960s construction also means layout and design will reflect that era, offering classic solidity but potentially requiring modernization.
3. How does the in-ground pool impact insurance and maintenance?
An in-ground pool increases annual maintenance costs and will likely raise home insurance premiums due to liability. It's a fantastic amenity but represents an ongoing commitment and cost that buyers should budget for.
4. The community ranking for "newness" is low. What does that mean?
This indicates the home is older than 95% of houses in Elmhurst. This isn't necessarily negative—it often means the property is in a well-established, stable part of the neighborhood with mature trees and landscaping, contributing to the private feel. It simply confirms this is not a new-build area.
5. Why is there a difference between the assessed value and the listing price?
The government assessment ($432,000) is a mass appraisal for tax purposes and often lags behind the current market. The listing price is set by the seller based on recent comparable sales, perceived lot value, and market conditions. The assessment here is a useful benchmark showing the property is valued above most in the city, but the sale price is determined by what buyers are willing to pay today.