Property Overview: 544 Elmhurst Road
Key Characteristics, Appeal & Target Buyer
This 1957-built, single-story home sits on a generous 7,103 sqft lot in Winnipeg's Elmhurst neighborhood. Its primary appeal lies in the combination of a large, established yard and a fully finished basement, offering space and potential in a classic property. With 764 sqft of living space above grade, the home is compact and efficient, likely appealing to first-time buyers, downsizers, or investors seeking a manageable footprint. The property's standout feature is its land size, which ranks within the top 16% of all Winnipeg lots, providing rare outdoor space for gardening, play, or future expansion. Its fully finished basement adds valuable functional space. The home would suit a practical buyer who values a large lot over a large house, sees potential in a solid older home, and is comfortable with a property that offers character and location benefits while requiring a realistic view of its age and size relative to modern standards. A thoughtful perspective is that this property represents an opportunity to own a significant piece of land in the city—a asset that is increasingly scarce—with a home that serves as a functional starting point.
Frequently Asked Questions
1. How does the age of the home (built in 1957) affect its condition and potential costs?
While the home has been maintained, its age means prospective buyers should budget for updates to major aging systems like plumbing, electrical, or the roof. A thorough home inspection is essential to understand its current condition.
2. The living space is noted as 764 sqft. How does the finished basement factor into the usable space?
The 764 sqft refers to the above-ground living area. The fully finished basement adds significant additional functional space for recreation, storage, or utilities, which is a key feature offsetting the modest main floor size.
3. The lot is large, but are there any restrictions on how it can be used?
Buyers should verify zoning with the city to understand permitted uses, such as the potential for adding a garage, building a suite, or other structures, to fully leverage the lot's value.
4. The home ranks very low for size and value within its immediate community. What does this indicate?
This suggests the home is among the smaller and more modestly assessed properties in Elmhurst. For a buyer, this can represent an affordable entry point into the neighborhood, with the surrounding homes potentially contributing to the area's overall stability and character.
5. There is no garage. What are the options for vehicle parking and storage?
The property offers off-street parking, likely a driveway. The large lot presents an opportunity to add a garage or shed, subject to local zoning and permit approvals, which could be a valuable future investment.