Property Overview: 853 Elmhurst Road
Key Characteristics & Appeal
This is a distinctive, one-storey home built in 1970, sitting on an exceptionally large, private lot of nearly 18,000 square feet in Winnipeg's Elmhurst neighborhood. Its primary appeal lies in this rare combination of a manageable 932 sqft bungalow footprint with vast, park-like grounds, offering significant space and privacy that is uncommon within the city. The home features a finished basement and a detached garage.
The property’s standout strength is its land. The lot size ranks in the top 2-3% compared to the wider Winnipeg area, suggesting immense potential for gardening, recreation, or future expansion. This is balanced by a modestly sized and older home, positioning it as a solid value proposition for specific buyers. It would perfectly suit a buyer seeking a quiet retreat with ample outdoor space, a hands-on owner comfortable with a home of this vintage, or an investor/developer who recognizes the long-term value of the land itself. It’s less suited for those seeking a large, modern interior without renovation plans.
Frequently Asked Questions
1. How does the large lot impact property costs?
While offering great privacy and potential, a lot of this size typically results in higher municipal property taxes compared to a standard city lot, as taxes are partly based on land value. It may also increase maintenance like lawn care or snow clearing.
2. Is the home’s smaller living area a concern?
At 932 sqft above grade, the living space is compact. However, the finished basement provides additional flexible space. The true "living area" for many will extend outdoors to the generous yard.
3. What do the rankings for "Build Year" and "Living Area" indicate?
These rankings show the home is older and smaller than most in its community. This isn't necessarily negative; it often means the property is priced for its land value and location, presenting an opportunity for those valuing lot size over a large, updated house.
4. Is the detached garage a drawback?
For some, a detached garage in Winnipeg winters is less convenient than an attached one. For others, it separates workshop noise or projects from the house and offers classic charm. Consider your daily routine and storage needs.
5. What is the significance of the assessment value ranking?
The assessment ranks higher than the living area or age, suggesting the city assessor places significant value on the lot and location. This can be a positive indicator of the property's underlying market value, even if the house itself is modest.