Property Summary: 677 Elmhurst Road
Section 1: Key Characteristics & Appeal
This 1972-built, single-story home sits on a generous 6,898 sqft lot in Winnipeg's Elmhurst neighborhood. Its key features include 950 sqft of living space and a finished basement. The home's primary appeal lies in its solid value proposition and established setting. It suits first-time buyers seeking an entry point into homeownership with a manageable footprint, or practical investors looking for a property with rental potential. The large lot offers a notable upside for those with a vision for outdoor space or future expansion, a less obvious advantage in today's market where land size often comes at a premium. While the home ranks average or below locally for size and assessment value, its overall city-wide rankings for lot size and age are strong, suggesting it represents a stable, grounded opportunity in a well-established area rather than a move-in-ready showcase.
Section 2: Frequently Asked Questions
1. How does the finished basement add to the living space?
While the main living area is 950 sqft, the finished basement provides additional flexible space for a family room, home office, or storage, effectively increasing the usable square footage of the home.
2. What is the significance of the property rankings provided?
These rankings compare the home to others on its street, in Elmhurst, and across all of Winnipeg. They show that while the house itself is modest for the immediate area, its lot size is in the top 18% city-wide, highlighting a key asset.
3. Is the lack of a garage a major drawback?
This depends on the buyer's needs. The large lot does provide ample space for adding a garage or carport in the future, which could be a worthwhile investment for someone planning to stay long-term.
4. The home was last sold in 2021. What does that recent history indicate?
The 2021 sale price is close to the current assessed value, suggesting stable market value over the last few years. For a buyer, it provides a clear, recent benchmark for comparison.
5. Who would this property not be ideal for?
It may not suit buyers seeking a modern, turn-key home without any projects, or those who prioritize a highly updated interior or premium neighborhood rankings in every category. It's a property for those who see potential in the fundamentals.