Property Overview: 577 Chalfont Road, Elmhurst, Winnipeg
Key Characteristics & Appeal
This 1,320 sqft one-storey home, built in 1983, presents a practical and low-maintenance living option in Winnipeg's Elmhurst neighborhood. Its key appeal lies in its balance of updated essentials and manageable scale. The home features a renovated basement and an attached garage, adding modern convenience and functional space. While the living area is modest compared to some immediate neighbors, it ranks solidly average city-wide, suggesting efficient use of space.
The property stands out for its above-average assessed value relative to the entire city, indicating strong underlying value perception. However, the lot size is notably smaller than most in Elmhurst, which translates to less yard upkeep—a potential benefit for those seeking a more lock-and-leave lifestyle without a large garden. This combination suits first-time homebuyers, downsizers, or investors looking for a turnkey property with modernized basics in a stable area. It’s ideal for someone who prioritizes interior updates and convenience over expansive outdoor space.
Frequently Asked Questions
1. How does the lot size impact the property?
At just under 5,000 sqft, the lot is significantly smaller than the Elmhurst average. This means less private outdoor space but also reduced maintenance and lower utility costs, which can be a fair trade-off for many.
2. What does the "above average" city-wide assessed value indicate?
While the home is assessed around average for its street and neighborhood, its standing is higher across all of Winnipeg. This often reflects a desirable combination of location, property condition, and recent improvements relative to the broader market.
3. Is the renovated basement finished?
The listing specifies a "renovated basement," which typically means it has been updated and is habitable, but specifics on finish quality or layout should be verified with a viewing or the listing agent.
4. How does the home's size compare practically?
At 1,320 sqft, it is smaller than the average home on Chalfont Road but is very close to the Winnipeg city-wide average. It’s a comfortable size for small families, couples, or individuals.
5. What is the sales history, and what does it suggest?
The home sold previously in 2016 for $31.5k and in 2022 for $49.5k. This substantial increase over six years suggests active improvement, market growth, or a change in property condition, highlighting a trend of rising value.