Property Overview: 840 Elmhurst Road
This 4-level split home, built in 1971, sits on a large, mature lot in Winnipeg's Elmhurst neighborhood. Its primary appeal lies in offering substantial space and established character at a value-conscious price point. The home features 1,539 sqft of finished living space, including a developed basement, and a generous 9,358 sqft lot that ranks in the top 14% of the community for size. While its age is reflected in the rankings, its overall living area and lot size are competitive advantages. This property is well-suited for buyers looking for room to grow, who appreciate the privacy of a large yard, and are comfortable with a home that may require updates over time. It represents a solid entry into a stable neighborhood, offering more land and interior space than many newer builds in its price range.
Key Questions for Consideration
1. What is the true value of the large lot size?
Beyond privacy and space, a lot of this size (over 9,350 sqft) is a rarity in many established neighborhoods. It offers long-term potential for gardening, expansion, or outdoor living spaces that are difficult to find in newer subdivisions.
2. How should I interpret the mixed ranking data?
The rankings show a clear story: this home excels in space (both land and living area) but is average or below in age and assessed value for its area. This suggests you are paying primarily for the physical footprint and location, not for new finishes or a premium assessment.
3. What are the practical implications of a 4-level split layout?
This design offers good separation of living and sleeping areas, which can be ideal for families. However, it also means navigating several short flights of stairs, which is a factor for accessibility and furniture movement.
4. The assessment is $396k. What does that indicate?
The assessed value is for municipal tax purposes and is often below market value. That it ranks in the top third city-wide suggests the city views it as a solid, above-average property, but final sale price will be determined by the current market.
5. What does "Elmhurst" as a neighborhood typically offer?
As an established area with homes from the 1970s, Elmhurst typically features tree-lined streets, larger lots, and a quiet, residential feel. Buyers should research local amenities, schools, and traffic patterns to confirm it fits their lifestyle.