Property Overview & Key Characteristics
This well-established one-storey home on a large 8,045 sqft lot in Elmhurst offers a classic and practical living arrangement. Its key appeal lies in its generous, mature property—a significant asset in a city—providing ample outdoor space for gardening, play, or future expansion. With a finished basement and a split garage, it delivers functional space for a family or hobbyist. Built in 1971, the home presents a solid opportunity for buyers who value location and lot size over a brand-new build, and who may see potential in personalizing the 1,080 sqft living space over time.
The property’s competitive rankings are noteworthy: it sits in the top 11% of Winnipeg for lot size and the top 28% for assessed value within the city, suggesting a strong fundamental value in its land. This isn't just another suburban lot. It would particularly suit first-time buyers looking for a foothold in a stable neighborhood with room to grow, downsizers seeking single-level living without sacrificing yard space, or value-oriented investors who recognize the long-term worth of a large, well-located parcel. The appeal is grounded in space and potential, rather than turn-key luxury.
Frequently Asked Questions
1. What does the "finished basement" include?
The listing confirms a finished basement but does not specify the extent or rooms. A viewing is essential to determine its layout, ceiling height, and finish quality, as these factors greatly affect the usable living space.
2. How does the 55-year-old age of the home affect a purchase decision?
While the structure is solid, a home of this age will likely have original or aging core components. Buyers should budget for potential updates to major systems like roofing, windows, plumbing, or electrical, and a thorough inspection is highly recommended.
3. The lot is large, but are there any restrictions on its use?
The 8,045 sqft lot is a major feature. Interested buyers should verify with the city if there are any easements, rights-of-way, or zoning restrictions that could affect building a secondary structure, adding a pool, or other significant modifications.
4. Why is the assessed value ranking higher than the living area ranking?
This is a key insight. The home’s assessed value ranks significantly higher than its living area rank because municipal assessments heavily factor in land value. This indicates the large lot is a driving force behind its official valuation.
5. What is the neighborhood character and typical traffic on Elmhurst Road?
As a named "Road," it may experience more through traffic compared to a "Crescent" or "Place." Prospective buyers should visit at different times of day to assess noise levels and the overall street atmosphere for themselves.