Property Overview: 896 Elmhurst Road
Section 1: Key Characteristics & Appeal
This one-storey home, built in 2021, is a notably modern property in its Elmhurst neighbourhood and across Winnipeg. Its key appeal lies in its combination of new construction and above-average living space. With 1,605 sqft of living area, it offers more room than most comparable homes on its street and city-wide. The home features an attached garage and a basement (not renovated), situated on a 5,999 sqft lot.
The property’s standout characteristic is its exceptional assessed value ranking, placing in the top 9% or higher at every comparison level. This suggests it is perceived as a high-value asset relative to its peers. The lot size is smaller than many on Elmhurst Road, which may appeal to buyers seeking a newer home with less yard maintenance, without sacrificing interior space. This home would suit buyers looking for a move-in ready, modern property who prioritize a contemporary build and efficient layout over a large yard. It’s also a strong candidate for those interested in a home with a high assessed value foundation in a well-established area.
Section 2: Frequently Asked Questions
1. What does the high assessed value ranking actually mean?
It indicates the municipal property assessment is significantly higher than most homes in its comparison groups. This often reflects the home's new construction, size, and market position, but it's a key factor for understanding its tax base and perceived municipal value.
2. The basement is noted as "not renovated." What is its condition?
The listing specifies the basement exists but has not been finished or renovated. Buyers should budget for potential development costs if they desire additional living space.
3. How does the smaller lot size impact the property?
While the lot is below average for Elmhurst Road, it is closer to the city-wide average. This typically means lower maintenance and may contribute to the modern, efficient footprint of the property, but offers less private outdoor space than some neighbours.
4. The home sold in 2021. Why is it back on the market so soon?
The data shows a sale in October 2021, likely from the builder to the first owner. A resale after only a few years is not uncommon and can be due to various life circumstances; it does not inherently indicate a problem with the property.
5. Are there any obvious drawbacks to a home built so recently?
A major benefit is that major components like the roof, HVAC, and appliances are under warranty and unlikely to need immediate replacement. A less obvious consideration is that the landscaping and trees will be immature, and the neighbourhood character will still be blending the new construction with older homes.