Property Overview: 800 Elmhurst Road
Key Characteristics & Appeal
This is a well-established, spacious bungalow on a large, quiet lot in the Elmhurst neighborhood. Built in 1975, its key strength lies in its generous proportions: a 1,600 sqft living area and an 8,158 sqft lot, both ranking in the top quarter of Winnipeg homes. The property features a finished basement and an attached garage. Its appeal is rooted in space and stability. The home offers ample room for a growing family or for those who value indoor and outdoor space without the maintenance of a two-storey. The lot size is a particular asset, providing privacy and potential for gardening, recreation, or future expansion.
The home’s competitive rankings are notable. It consistently places in the top 30% of its community and city for lot size, living area, and assessed value, suggesting it is a solid, above-average property within its market. It would suit buyers looking for a move-in-ready, single-level home with room to breathe, who prioritize lot size over a newer build. It’s also a practical choice for those who see value in a home with a proven history of value retention, as evidenced by its steady assessment and previous sale price.
Frequently Asked Questions
Q: How does the age of the home (1975) factor into its value and condition?
A: While not a new build, the home’s age is balanced by its above-average size and lot. Buyers should focus on the condition of major systems (roof, windows, HVAC) which may be due for updates, but the core structure offers a spacious and functional layout that remains desirable.
Q: The lot is large. Are there any restrictions on how it can be used?
A: This is a key question. While the lot offers great potential, any plans for significant additions, pools, or secondary suites would require checking with the city for zoning bylaws and permit requirements.
Q: The home ranks highly for its assessed value. What does this indicate?
A: A high assessment rank relative to neighbors generally indicates the municipal assessor views the property as having above-average market value for its area, often due to its size, condition, or improvements. It’s a useful benchmark, but not a direct predictor of sale price.
Q: Is the finished basement included in the 1,600 sqft living area?
A: Typically, municipal living area (sqft) refers to above-grade space. The finished basement is an additional bonus area, adding functional living space not reflected in that main square footage figure.
Q: The home last sold in 2019. What does the price history suggest?
A: The 2019 sale price and current assessment show stable, modest growth in line with the market over that period. It suggests a property that hasn’t been subject to volatile price swings, which can be appealing for buyers seeking a predictable investment.