Property Summary: 782 Elmhurst Road
Key Characteristics & Appeal
This is a well-situated, one-storey character home on an exceptionally large lot in the established Elmhurst neighborhood. Its primary appeal lies in the combination of a generous, mature 11,496 sqft property—which ranks in the top 4% of all lots in Winnipeg for size—with a functional, updated layout that includes a finished basement. The home itself is modest at 845 sqft, presenting an opportunity for buyers comfortable with cozy living spaces or those with a vision to expand, leveraging the significant land parcel.
The property suits two main types of buyers. First, it’s ideal for a practical homeowner or small family who values outdoor space, privacy, and established community character over a large interior footprint. Second, it represents a clear value proposition for a renovator or builder-investor, given the land’s high percentile ranking and the home’s 1939 vintage, which suggests potential for a significant future rebuild or addition. While the home’s age and interior size rank lower compared to newer or larger houses, its standout lot size and location within a desirable area (ranking in the top 7% of its community) offer a compelling trade-off.
Frequently Asked Questions
1. What does the ranking data actually tell me?
The rankings compare this property against others on its street, in Elmhurst, and across all of Winnipeg. They highlight that while the house itself is older and smaller than most, the land it sits on is exceptionally large and well-located, placing it in the top tier of properties by lot size.
2. Is the finished basement included in the 845 sqft living area?
No, the 845 sqft figure typically refers to the above-ground living space. The finished basement is an additional area, adding functional square footage for recreation, storage, or extra rooms.
3. Given the age, what should I budget for maintenance or updates?
While systems may have been updated, a home built in 1939 will likely require ongoing attention to classic elements like original windows, plumbing, or electrical. A thorough inspection is essential to prioritize any major repairs.
4. How can such a large lot be utilized?
Beyond a spacious yard, the lot offers multiple possibilities: extensive gardening, adding a detached garage or workshop, creating outdoor living spaces, or, subject to zoning, potential for future expansion of the home itself.
5. Why is the assessed value ranking lower than the lot size ranking?
The assessment reflects the current total value of both the land and the existing structure. The lower ranking here suggests that the municipal assessment places a higher value on the land asset, while the older, smaller home moderates the overall taxable value compared to newer or larger homes in the city.