Property Overview & Key Characteristics
602 Elmhurst Road is a well-established, one-storey home built in 1971 on a generous 7,197 sqft lot in Winnipeg's Elmhurst neighbourhood. Its key appeal lies in a combination of space, location, and value. The home offers 1,130 sqft of living space, a finished basement, and an attached garage. Its standout feature is the large, mature lot, which provides ample outdoor space and ranks within the top 15% for size across Winnipeg.
The property’s strength is its balanced positioning. It doesn't lead in every category but performs solidly above average in several key areas, particularly lot size and overall assessed value relative to the wider city. A recent sale in 2022 at $401,000, close to the current assessed value, suggests a stable market perception. This home would suit first-time buyers or downsizers looking for a manageable single-level layout with a low-maintenance exterior, but who still desire a substantial and private yard—a combination that can be hard to find. It’s also a practical choice for value-oriented buyers who prioritize land size and a quiet neighbourhood over a newer build or extensive interior square footage.
Frequently Asked Questions
1. How does the age of the home (55 years) impact a buying decision?
While the home is older, its systems and structure have stood the test of time. The key consideration will be the condition and age of major updates, such as the roof, windows, and HVAC, which a thorough inspection will clarify. The mature neighbourhood often means established trees and settled foundations.
2. The lot is large, but is it usable space?
The 7,197 sqft lot is significantly above average. Its usability depends on its shape, slope, and the placement of the house. A virtual street view check can give a preliminary sense, but a viewing will confirm if it's suited for gardening, recreation, or potential future additions like a shed or deck.
3. The rankings show it's in the top 15% for lot size in Winnipeg but only average for living space. What does this mean?
This highlights the property’s core trade-off: you are acquiring a premium-sized parcel of land with a modest-sized home on it. This is ideal if you value outdoor space over a large interior footprint, a common preference for those seeking privacy or room to grow outdoors.
4. The 2022 sale price is very close to the current assessment. What does that indicate?
It suggests the assessed value is closely aligned with recent market activity, providing a credible benchmark. It can indicate a stable, non-speculative market for this home, but the final price will always be determined by current market conditions and buyer competition.
5. What is the neighbourhood (Elmhurst) like?
The provided rankings show the home surpasses over half the properties in its own community for lot size, but ranks lower for newer builds. This typically indicates an established, mature neighbourhood with a mix of original and updated homes, offering character and stability rather than modern uniformity.