Property Overview: 755 Elmhurst Road, Winnipeg
Key Characteristics & Appeal
This one-storey home on Elmhurst Road is a property defined by its generous, above-average lot size and solid, middle-of-the-road positioning in the market. With a living area of 1,202 sqft, the house itself is modest and fairly typical for its immediate street and the broader Elmhurst area. Its true standout feature is the land—at nearly 10,000 sqft, the lot size ranks within the top 20% on its own street and the top 12% in the Elmhurst area, offering a substantial outdoor space that is increasingly rare. The home, built in 1969, benefits from a renovated basement, adding functional living space, and includes a detached garage.
The appeal here is grounded in practicality and potential. It suits a buyer who values private outdoor space for gardening, recreation, or future expansion more than a large, modern footprint. It’s an excellent match for first-time homeowners looking for a manageable house on a premium lot, or for downsizers seeking single-level living without sacrificing yard space. The property’s assessed value is consistently average-to-above-average across comparisons, suggesting a stable, no-surprises investment in a well-established neighborhood. A thoughtful perspective is that this home represents a "blank canvas" opportunity; the value is anchored in the land, allowing the interior to be personalized over time without overpaying for already-completed high-end finishes.
Frequently Asked Questions
1. How does the lot size compare to a typical city lot?
The property’s lot of 9,930 sqft is significantly larger than the Winnipeg city average of approximately 6,570 sqft, placing it in the top 6% citywide for land area.
2. Is the house particularly large or recently built?
No. The living space is slightly below the area average, and the 1969 build date is typical for the street but somewhat older than the average home in the broader Elmhurst area.
3. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the scope. A professional inspection is recommended to determine the finish quality, permits, and the nature of the renovations (e.g., legal suite, family room, etc.).
4. The home sold in 2019 for $270,000. How is that relevant today?
That sale price provides historical context, but market conditions have likely changed. The current assessed value is a more relevant benchmark for municipal taxation, though the market value will be determined by current demand, condition, and comparable recent sales.
5. Who would this property not suit?
It may not suit buyers seeking a modern, move-in-ready home with a large interior footprint or those wanting a low-maintenance yard. The charm and potential lie in the land and the opportunity to customize, which requires a different mindset than purchasing a fully updated property.