Property Summary: 645 Elmhurst Road
Key Characteristics & Appeal
This is a well-established, one-and-a-half storey home on a notably large, mature lot in the Elmhurst neighborhood. Its primary appeal lies in the generous 8,775 sqft property, which offers significant outdoor space and ranks in the top 10% for lot size across Winnipeg. The home itself, built in 1951, is a classic style with 909 sqft of living space and a finished basement, presenting a solid foundation. Its value proposition is grounded in space and location rather than modern finishes, as the rankings indicate it outperforms most comparable properties in lot size but is more modest in terms of building age, size, and assessed value relative to its immediate area.
This property would best suit a practical buyer who prioritizes land over a large house—perhaps a first-time homeowner comfortable with a character home's upkeep, a downsizer seeking a manageable home with ample garden space, or an investor recognizing the long-term value of the lot. It’s for someone who sees the rankings not as shortcomings, but as a realistic profile of an opportunity: a chance to own a sizable piece of a established community with the potential to personalize the existing home over time.
Frequently Asked Questions
1. What does the "one-and-a-half storey" design typically mean?
This style usually features a main floor with principal living areas and a second floor with sloped ceilings, often housing bedrooms in a cozy, character-filled space distinct from a full two-storey layout.
2. The lot is large, but the house is relatively small. What are the implications?
This combination offers excellent outdoor potential for gardens, play areas, or future additions like a shed or deck. However, it also means a higher proportion of your property tax and maintenance effort is allocated to the land itself versus the living space.
3. The home ranks low for age and size within its community. Should I be concerned?
Not necessarily. This reflects that Elmhurst is an older neighborhood with many homes built around the same era, and some may have been expanded. It confirms this is a classic, original-sized home on a great lot, not a recently built or extensively renovated property.
4. How should I interpret the wide range in ranking percentiles?
It paints a clear picture: this property’s standout feature is its land (top 9% city-wide), while the house itself is more average or modest in comparison to neighbors. This is a key point for valuation—the land is a major asset.
5. Does a finished basement add significant value here?
Yes, it adds functional living space to a home with a smaller main footprint. It’s a practical advantage, providing room for a family room, office, or extra storage without increasing the home’s above-ground size.