725 Elmhurst Road

Property Overview: 725 Elmhurst Road, Winnipeg

Key Features & Ideal Buyer Profile

This property is defined by its exceptionally large, private lot of nearly half an acre (21,778 sqft), a rare find within the city. Its primary appeal lies in this expansive outdoor space, offering immense potential for gardening, recreation, or future expansion. The home itself is a modest, single-level 965 sqft bungalow from 1969 with a finished basement and a detached garage. Its rankings highlight a compelling contrast: while the living space is average for the area, the lot size is in the top 1-3% across all comparison levels, making it a standout value based on land.

This home would best suit a buyer who prioritizes land and privacy over a large or modern house. It's ideal for a hands-on owner who sees potential in the existing structure and dreams of utilizing or customizing a substantial yard. It could also appeal to a long-term investor valuing the irreplaceable lot size in a mature neighborhood. A less obvious perspective is its suitability for multi-generational living, where the bungalow layout and vast lot allow for separate entrances or an eventual secondary suite addition (subject to approvals).

Frequently Asked Questions

1. What is the true highlight of this property?
Beyond the house itself, the defining feature is the lot. At nearly half an acre, it offers a level of space and privacy that is increasingly uncommon in the city, forming the core of the property's value and potential.

2. Is the house in move-in condition?
The listing notes a finished basement but does not specify the renovation state of the main living areas. Given the home's age (1969), buyers should budget for potential updates to systems, kitchens, or bathrooms to align with modern standards.

3. Who would this property not suit?
It may not suit buyers seeking a large, turnkey, or modern interior without renovation work. Those who prefer a low-maintenance, small yard or who prioritize a recently built home would likely find better options elsewhere.

4. How does the assessed value relate to the asking price?
The municipal assessment is $404,000. A buyer's agent can provide a comparative market analysis to see how the asking price positions this unique, land-heavy property against recent sales of both standard lots and larger estates.

5. What are the considerations for such a large lot?
Consider the maintenance (lawn care, snow clearing) and associated costs. Also, investigate any municipal zoning bylaws or restrictive covenants that might affect your plans for the land, such as adding structures, pools, or subdividing in the future.