Property Summary: 717 Elmhurst Road, Winnipeg
Key Characteristics & Appeal
This is a classic 4-level split home built in 1969, situated on a remarkably large, half-acre lot (21,779 sqft) in the Elmhurst neighborhood. With 1,568 sqft of living space, it offers a practical layout over multiple levels. The home includes a detached garage and an unfinished basement, presenting a solid foundation with room for personalization.
The primary and undeniable appeal lies in its exceptional land size. The property ranks in the top 1-2% locally for lot dimensions, offering rare privacy and expansive outdoor potential in a city setting—a blank canvas for gardening, recreation, or future expansion. Its value is further underscored by a municipal assessment of $391,000. While the home itself is of average size for the area and its age places it in the older half of local housing stock, it represents a significant land opportunity. This property would perfectly suit a buyer who values space over turn-key finishes, such as a growing family seeking room to play and grow, a hobbyist or gardener craving a large yard, or a strategic buyer who sees long-term value in the land itself and is comfortable with a home that may require updates over time.
Frequently Asked Questions
1. What does the ranking data actually mean?
The rankings compare this property against others on its street, in Elmhurst, and across all of Winnipeg. For example, its lot size ranks in the top 2% locally, meaning it's larger than 98% of nearby properties. Conversely, its build year is older than about 53% of Winnipeg homes, providing context on the age of the structure.
2. Is the unfinished basement a drawback?
Not necessarily. While it requires investment to finish, it offers flexible, blank-space storage or future living area that can be customized to a new owner's exact needs without needing to undo previous work.
3. Who might this property not be ideal for?
It may not suit those seeking a modern, open-concept layout or a low-maintenance, move-in-ready home. The split-level design involves stairs, and a property of this size and age typically comes with a higher maintenance commitment for both the house and the extensive grounds.
4. How significant is a half-acre lot in Winnipeg?
Extremely. Lots of this size are uncommon within the city, especially in established neighborhoods. It offers a level of privacy and space that is increasingly rare, which is a strong factor for both lifestyle and potential future value.
5. What's the realistic potential here?
This property is a balance of a very strong land asset with a modest, functional house. The potential lies in utilizing the vast yard and, in time, updating the living space. It's a property where the land likely represents a substantial portion of the value and future opportunity.