Property Overview: 695 Elmhurst Road, Winnipeg
Key Characteristics & Appeal
This is a well-established, single-storey home in the Elmhurst neighborhood, built in 1972 on a generous, mature lot of approximately 7,400 sqft. Its key features include a fully finished basement and a detached garage. With 1,077 sqft of living space, it presents as a classic, manageable bungalow.
The primary appeal lies in its balanced position within the broader market. The property holds strong rankings for its lot size and overall assessed value within Winnipeg, indicating a solid foundation of value for its price point. It suits first-time buyers seeking a move-in-ready home with a large yard, or downsizers looking for a single-level layout without compromising on outdoor space. The finished basement adds valuable flexibility for a family room, home office, or guest space. A thoughtful perspective is that homes from this era often feature robust construction and spacious room layouts, while the mature lot offers established privacy and landscaping potential not always found in newer subdivisions.
Frequently Asked Questions
1. What is the significance of the provided rankings?
The rankings show how this property compares to others in its immediate street, neighborhood, and all of Winnipeg for metrics like lot size, age, and assessed value. For example, its lot size ranks in the top 14% city-wide, a notable advantage, while the home itself is more average in size and newer-ness for the area.
2. What does a "fully finished basement" typically mean in a 1972 home?
It means the lower level is developed into livable space, such as rec rooms or additional bedrooms. Buyers should verify the quality, ceiling height, and compliance of the finishings, as standards and materials have evolved since the 1970s.
3. Are there any concerns with a home built in 1972?
As with any home of this age, a thorough inspection is essential. Key focus areas should include the condition of the roof, windows, plumbing, electrical systems, and the foundation. This is the standard due diligence for a well-maintained, 50+ year-old home.
4. What are the pros and cons of a detached garage?
A detached garage offers flexibility for workshops or projects without concerns about fumes or noise entering the house. The main consideration is convenience, as you will need to go outside to access your vehicle, which can be less desirable during Winnipeg's winter months.
5. How does the lot size benefit a buyer?
A lot of this size (over 7,300 sqft) is a significant asset. It provides ample space for gardening, children or pets to play, and outdoor entertaining. It also offers potential for future additions like a shed, deck, or even a garage expansion, subject to local bylaws.