Property Summary: 752 Elmhurst Road
Key Characteristics & Appeal
This is a classic, one-storey character home built in 1920, situated on an exceptionally large, mature lot of over 13,600 square feet in Winnipeg's Elmhurst neighborhood. Its primary appeal lies in the rare combination of a central location and significant land size, offering a level of privacy and outdoor space uncommon for the area. The house itself, at 1,004 sqft with an unfinished basement, presents a straightforward layout suitable for downsizers, first-time buyers, or investors.
The property's standout feature is its land. The lot size ranks in the top 3-4% of all homes in Winnipeg, suggesting immense potential for gardening, expansion, or future redevelopment. While the home requires modernization, its solid ranking for living area within its own street indicates it is a comfortable size for its immediate context. This property would best suit a buyer who values land over a turn-key home—someone with a vision for renovation, an appreciation for established neighborhoods with large lots, or an investor looking at long-term land value. It’s a "canvas" property where the true value is foundational: in the location and the sheer scale of the parcel.
Frequently Asked Questions
1. What does the lot size ranking actually mean?
The rankings show that this property's lot is larger than 97% of all residential properties in Winnipeg. This isn't just a big yard; it's a uniquely sizable piece of land for the city, offering more privacy and potential than the vast majority of homes.
2. The house was built in 1920. What should I be concerned about?
While the core structure has stood for over a century, a pre-purchase inspection is essential. Key focuses will be the foundation, original plumbing and electrical systems, and the roof. The unfinished basement allows for easy inspection of core systems.
3. Why is the assessed value higher than the 2022 sale price?
Municipal assessments are mass appraisals for tax purposes and can lag behind market fluctuations. The 2022 sale price is a concrete market data point, but the current market value will depend on condition, updates, and current buyer demand.
4. Is the unfinished basement a drawback or an opportunity?
It depends on your needs and budget. It's not liveable space as-is, but it provides ample storage and mechanical space. For a buyer planning renovations, it offers a blank slate to finish into a rec room, suite, or workshop without needing to demolish existing work.
5. The home ranks low for "newness" but high for lot size. How do I balance that?
This is the central consideration. You are primarily purchasing a landmark-sized lot in a established area. The home itself is a functional character property that will require investment to modernize. The balance is between the premium for the land and the cost to bring the house to your desired standard.