Property Overview
This 1965 bi-level home at 771 Elmhurst Road sits on a large, approximately 7,849 sqft lot in the Elmhurst neighbourhood. Its key appeal lies in the combination of a spacious, private yard and a finished basement, offering functional space beyond its 960 sqft main living area. The home presents a practical, grounded opportunity. Its strongest competitive rankings are for its generous lot size, placing it in the top 12% of all Winnipeg properties, and its overall value assessment, which sits above the Winnipeg median. This suggests you are paying primarily for land and location within a well-established community.
The property would suit a first-time buyer, an investor, or a downsizer looking for a manageable footprint without sacrificing outdoor space. It’s for someone who values a large yard for gardening, pets, or family play over a large or modern interior. The finished basement adds crucial flexible space for a home office, gym, or guest area, making the liveable area feel more substantial than the main floor square footage implies. Buyers should be comfortable with a home that has character and may require updates, seeing it as a solid foundation in a mature neighbourhood.
Frequently Asked Questions
1. What does the "bi-level" style mean for daily living?
A bi-level typically has a short flight of stairs leading up to the main living areas (kitchen, living room, bedrooms) and another short flight down to a lower level, which here is a finished basement. This layout often creates clear separation between living and utility/recreational spaces.
2. The home is older—what should I be mindful of?
Built in 1965, major systems like the roof, plumbing, electrical, and furnace are at an age where inspection is crucial. While the lot size is a major asset, the house itself ranks as newer than only 5% of homes in its immediate community, so budgeting for maintenance or thoughtful updates is a key consideration.
3. How significant is the lot size ranking?
Ranking in the top 12% in Winnipeg for lot size is a standout feature. It means the property offers more outdoor privacy and potential than the vast majority of homes in the city, which is a rare find in this price segment and a long-term value driver.
4. The finished basement is noted—what are the specifics?
The listing confirms the basement is finished but does not specify the quality, layout, or if it includes a separate entrance. This is a key point to clarify during a viewing to understand how the space can be utilized and if it meets your needs.
5. How do the value rankings work?
The rankings compare this property to specific groups. For example, being in the "top 12%" for lot size in Winnipeg means 88% of Winnipeg properties have a smaller lot. Its assessment value ranks in the top 43% city-wide, suggesting the official valuation is moderately above the median, which can be a positive indicator for equity.