Property Summary: 881 Elmhurst Road, Winnipeg
Key Characteristics & Appeal
This is a well-established, two-storey home in the Elmhurst neighbourhood, built in 1970. It sits on a generous, nearly 6,000 sqft lot, offering ample outdoor space—a notable asset in mature areas. With 1,379 sqft of living space and a finished basement, it provides practical room for a family or those needing flexible space. The home’s appeal lies in its balance of size and location; it’s a solid, no-frills property in a long-standing community. Its competitive rankings, particularly for lot size and living area within its immediate area, suggest it offers more space than many nearby homes.
It would suit a practical buyer—perhaps a young family seeking room to grow without a premium price tag, or a value-oriented investor. The appeal is grounded in space and function over luxury. A thoughtful perspective is that homes from this era often feature larger rooms and more robust construction than newer builds, and the high lot-size ranking indicates a level of privacy and outdoor potential that is becoming rarer. It’s a home for someone who sees the underlying value in land and solid foundations, and is comfortable with the character and maintenance considerations of a 50+ year-old house.
Frequently Asked Questions
1. What is the neighbourhood like?
Elmhurst is a mature, established residential area in Winnipeg. The rankings show the home’s lot and living space are above average for the street and community, suggesting it's among the more spacious properties in the area.
2. What does "finished basement" include?
The listing confirms a finished basement, which adds usable living space. Specific details on the finish quality, rooms, and ceiling height should be verified during a viewing or by requesting more information.
3. How does the assessed value relate to the asking price?
The municipal assessment is $366,000. It’s important to note that assessed value is for tax purposes and can differ from market value. A comparative market analysis with a real estate professional will provide the clearest picture of its current market price.
4. Are there any concerns with a house built in 1970?
As with any home of this age, the condition of major systems (roof, wiring, plumbing, windows) and potential for materials like original aluminum wiring or asbestos should be investigated. A thorough home inspection is highly recommended.
5. What are the utility costs like?
Utility costs for a 1,379 sqft two-storey from 1970 will be influenced by its insulation, windows, and heating system. Requesting recent utility bills from the seller is the best way to get an accurate estimate for budgeting.