Property Overview: 339 Elmhurst Road, Varsity View, Winnipeg
Key Characteristics & Appeal
This 1971-built, one-storey home sits on a large, mature lot of over 6,300 sqft in the established Varsity View neighbourhood. Its key features include 949 sqft of living space and a finished basement. The property’s primary appeal lies in its land value and location, offering a solid footprint in a central area. Its competitive rankings suggest it is a notably spacious property for its lot size compared to most of Winnipeg, yet it presents as a more modestly sized home within its immediate community.
This home would suit a pragmatic first-time buyer, an investor, or a downsizer looking for a lower-maintenance, single-level layout on a generous lot. It’s a property for those who value potential and location over immediate modern finishes. A thoughtful perspective is that while the home itself ranks lower in size and value within its street and community, its high city-wide ranking for lot size highlights a key asset: the land itself. This presents a classic value proposition—the opportunity lies in the existing home and the future potential of the sizable parcel in a desirable area.
Frequently Asked Questions
1. What does the ranking system mean?
The rankings show how this property compares to others in specific areas. For example, its lot size is larger than 75% of all properties in Winnipeg, but its living space is smaller than about 76% of homes in the city. This indicates a home on a proportionally large lot.
2. Is the basement included in the 949 sqft living area?
No, the 949 sqft refers to the above-ground living space. The home also has a separate, finished basement, which adds additional usable space.
3. What is the significance of the lot size?
At over 6,300 sqft, the lot is a standout feature. It offers ample outdoor space for gardening, recreation, or future expansion, which is a valuable commodity in central neighbourhoods.
4. The home was built in 1971. What should I consider?
While offering classic character, a home of this age will likely have original or older major systems (like roof, windows, plumbing, and electrical). A thorough inspection is essential to understand the condition and any needed updates.
5. There’s no garage. What are the parking options?
The property does not include a garage. Buyers should assess the driveway and on-street parking availability for their needs.