Property Overview
864 Elmhurst Road is a well-established, single-family home built in 1993, situated on a large, mature lot of over 9,000 square feet in Winnipeg's Elmhurst neighbourhood. Its appeal lies in a combination of space, established character, and strong relative standing within the broader market. The home features 1,422 sqft of living space, a finished basement, and an attached garage. Key data points indicate it ranks highly against comparable properties, particularly for its lot size (top 8% in Winnipeg), newer build age (top 10% in its community), and assessed value (top 10% on its street). This suggests a property that is both substantial and well-maintained within its context.
The home would suit buyers looking for a move-in ready property in a mature area, who value a larger, private yard over a brand-new build. It's ideal for small families, couples seeking room to grow, or downsizers who still want single-level living without compromising on outdoor space. Its strong rankings across categories indicate a sound investment for a buyer prioritizing asset stability and established community roots over cutting-edge design.
Frequently Asked Questions
1. What do the ranking percentages actually mean?
They show how this property compares to similar homes in specific geographic areas. For example, being newer than 90% of homes on its street means it's one of the more recently built houses in the immediate area, which can be appealing for maintenance and systems.
2. Is the finished basement included in the 1,422 sqft living area?
Typically, the listed "living area" refers to above-ground, finished space. The finished basement is an additional asset, providing extra flexible space for recreation, guests, or storage, but it's a separate feature from the main square footage.
3. The lot is large, but what's the practical benefit?
Beyond privacy and space for gardening or play, a lot size in the top percentile for the city is a long-term value driver. It offers potential for future additions like a deck, shed, or landscaping projects that smaller lots cannot accommodate, and this attribute becomes increasingly rare over time.
4. The home is 33 years old. What should I be mindful of?
While the rankings show it's relatively newer for its area, a home of this age will have components, like the roof, windows, and major mechanical systems (furnace, water heater), that are likely at or entering their typical renewal periods. A thorough inspection is key.
5. Why is the assessed value ranking higher than the living area ranking?
This is a positive indicator. It suggests that factors beyond just interior square footage—such as the premium lot size, the finished basement, the garage, overall condition, and the desirability of the specific location—are contributing significantly to its official valuation, reflecting its overall market strength.