877 Elmhurst Road

Property Summary: 877 Elmhurst Road

Key Characteristics & Appeal

This 1973-built, single-story home sits on a large, approximately 7,000 sqft lot in Winnipeg's Elmhurst neighborhood. Its key appeal lies in a combination of generous space and a strong value position. With 1,635 sqft of living area, it offers significantly more room than most comparable homes in the immediate area and across the city. The property features a finished basement, adding to its functional living space. While it lacks a garage or pool, its value is underscored by a municipal assessment of $376,000.

The home’s rankings reveal a compelling profile: it stands out for its above-average living space and lot size, positioning it well against competitors. It particularly suits buyers looking for a single-level layout on a sizable lot without paying a premium for a newer build. It’s an ideal match for those who prioritize interior space and land over recently updated mechanics or high-end finishes, and for value-conscious buyers who see potential in a solid, well-sized property that ranks highly for its square footage city-wide.

Frequently Asked Questions

1. What does the "finished basement" entail?
The listing confirms the basement is finished, meaning it has been developed into livable space. Prospective buyers should inquire about the specific rooms (e.g., rec room, bedroom), ceiling height, quality of finishes, and ensure it meets local building code requirements.

2. Given the age of the home (53 years), what should I budget for updates or repairs?
Built in 1973, major systems like roof, plumbing, electrical, and the furnace may be at or beyond their typical lifespans. A thorough inspection is crucial, and budgeting for proactive updates or unexpected repairs is a wise consideration, even if the systems are currently functional.

3. How does the lack of a garage affect daily living and property value?
The property has no garage. Buyers should consider the practicality of street parking or the cost and feasibility of adding a shed or carport. This is a common trade-off in older neighborhoods and can influence resale value for buyers who prioritize vehicle storage.

4. The lot is large, but what are the maintenance responsibilities and potential?
A 6,953 sqft lot offers great potential for gardening, play space, or future additions like a deck. However, it also means higher maintenance in terms of lawn care, landscaping, and snow removal. It's an asset for those who enjoy outdoor space but a consideration for those seeking low upkeep.

5. The assessment value is $376,000. How should I interpret this in relation to the listing price?
The municipal assessment is used for calculating property taxes, not determining market value. The listing price is set by the seller based on current market conditions. It’s common for the sale price to be above or below the assessed value; your real estate agent can provide a comparative market analysis to gauge a fair offer.