Property Overview: 694 Elmhurst Road, Winnipeg
Key Characteristics & Appeal
This is a well-situated, single-storey home built in 1969 on a notably large, mature lot of nearly 9,000 square feet—a rarity that places it in the top tier of properties in Winnipeg for lot size. The home itself offers 1,176 sqft of living space with a finished basement, presenting a practical and manageable layout. Its appeal lies in a compelling combination of space and location. The lot provides exceptional outdoor potential for gardening, recreation, or future expansion, all while being positioned in an established neighbourhood. The rankings indicate it outperforms most of the city in terms of lot size and overall value assessment, suggesting a solid foundational investment.
It would particularly suit first-time buyers or downsizers seeking a single-level living arrangement without sacrificing yard space, or value-oriented buyers who see potential in the land and are comfortable with a home from the late 1960s. A thoughtful perspective is that while the house is of average size and age for its area, the lot is its standout feature, offering a sense of privacy and possibility that is increasingly difficult to find within the city.
Frequently Asked Questions
1. What does the "finished basement" include?
The listing notes a finished basement but does not specify the rooms or finish quality. A viewing or follow-up with the listing agent is needed to determine if it includes legal bedrooms, a separate entrance, or the type of living spaces.
2. Why is there no garage, and is there potential to add one?
The property currently has no garage. Given the very large lot size, there is likely space to build a garage or a substantial shed, subject to local zoning and permit regulations.
3. How do the property rankings work?
The rankings compare this home against others on the same street, in the wider Elmhurst community, and across all of Winnipeg. For example, its lot size ranks in the top 8% city-wide, meaning it's larger than 92% of Winnipeg properties, while its build year is older than about half of the city's homes.
4. What is the significance of the assessment value versus the asking price?
The municipal assessment for tax purposes is $364,000. The asking price may be set higher or lower than this figure based on market conditions, recent upgrades, and seller motivation. The assessment is a useful benchmark but not a direct determinant of market value.
5. Are there any known issues common with homes of this age?
As a home built in 1969, prospective buyers should ensure inspections cover components typical of that era, such as the age and material of the roof, windows, plumbing, and electrical systems, to understand any upcoming maintenance or update needs.