Property Overview
This 4-level split home at 765 Elmhurst Road presents a practical and spacious option in Winnipeg's Elmhurst neighborhood. Built in 1966, it sits on a notably large, above-average lot of over 9,000 sq ft, offering more outdoor space than most homes in the city. The 1,482 sq ft living area is comfortably above average for its immediate street and provides a renovated basement. A detached garage completes the property.
Its appeal lies in its generous land size and functional layout, which is well-suited for families or those who value room to grow, garden, or entertain outdoors. The home’s assessed value is positioned around the city-wide average, suggesting a stable, mid-market investment. It would best suit a buyer looking for a established home with a sizable yard in a mature neighborhood, who is comfortable with the maintenance and character of a 60-year-old property and values space over modern, turn-key finishes.
Frequently Asked Questions
What does the "above average" lot size actually mean for me?
With a lot size ranking in the top 8-26% across comparison groups, you're getting significantly more land than the typical Winnipeg homeowner. This translates to greater privacy, potential for additions like a shed or deck, and ample green space.
How does the home's age impact its value and condition?
Built in 1966, the home is older than most in the Elmhurst area. This can mean charming character and a well-established neighborhood, but buyers should be prepared for potential updates to major aging components like roofing, windows, or plumbing, factored into their offer.
The assessed value seems low compared to the last sale price. Why?
The property last sold for $360k in 2021, while its current assessed value is $39.70k. It's crucial to understand that in Manitoba, property assessments are not market valuations; they are a figure used for calculating municipal taxes. The market value is determined by current buyer demand.
Who would this property not be ideal for?
It may not suit those seeking a brand-new, low-maintenance home, or buyers who prioritize a highly modernized interior and open-concept layout typical of newer builds. The 4-level split design also involves multiple staircases.
Is the renovated basement included in the living area square footage?
Typically, yes. The listing specifies a renovated basement, and the 1,482 sq ft living area measurement likely includes all finished levels of this 4-level split. It's always advised to verify the breakdown of finished space with the listing agent.