This 1974 two-storey home in Elmhurst offers a blend of space, established charm, and a strong position within its market. Its primary appeal lies in its generous 10,615 sqft lot and a living area that ranks well above average for the city, providing room to grow and relax. The finished basement and attached garage add practical, day-to-day value. The home’s recent sale history shows consistent and significant appreciation, suggesting it’s in a desirable and stable area.
It would suit buyers looking for a established family home on a large, private lot without the maintenance of a brand-new build. It's particularly well-matched for those who value space over brand-new condition and appreciate a home with a proven track record of increasing value in a mature neighbourhood.
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What is the neighbourhood like? Elmhurst is a mature, established community in Winnipeg. The property's rankings indicate it is among the larger and more valuable homes not just on its street, but within the wider area, suggesting a well-regarded location.
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Is the house outdated? Built in 1974, some original features may remain. The rankings show it is newer than only about a quarter of homes in Elmhurst, so buyers should be prepared for potential updates. However, the finished basement and recent sales activity indicate it has been maintained as a livable, functional home.
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Why did the price increase so much between 2019 and 2022? The sharp increase from $268,000 in 2019 to $475,000 in 2022 reflects the broader market trends of that period. The current assessed value of $450,000 aligns more closely with that peak sale, providing a benchmark for today's market.
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How does the lot size benefit a buyer? At over 10,000 sqft, the lot is a major asset. It offers ample backyard privacy, space for gardening, play, or future additions like a shed or deck, which is rare compared to many newer subdivisions.
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What do the rankings actually mean? They are a relative measure. For example, being in the "top 5%" for lot size in Winnipeg means 95% of city homes sit on smaller lots. Conversely, being in the "top 76%" for age means it's older than 76% of homes in Elmhurst, placing it among the more established properties.