Property Overview: 235 Elmhurst Road
Key Characteristics & Appeal
This is a well-maintained, two-storey home built in 1989, offering a comfortable 1,663 sqft of living space on a generous 5,382 sqft lot in the established Varsity View neighbourhood. Its key appeal lies in its relative modernity compared to many area homes, having been built nearly four decades later than much of the surrounding housing stock. This often translates to more contemporary layouts and potentially fewer major upkeep concerns.
The home’s standout feature is its strong performance in key rankings, particularly for its size, age, and assessed value within its immediate area. It ranks in the top tier for living space, newness, and value on its street and in the wider community, meaning it offers more square footage and is newer than the majority of comparable homes nearby. The finished basement adds functional living space. It does not have a garage or pool.
This property would suit a buyer looking for a move-in ready family home in a central, mature neighbourhood without the extreme upkeep often associated with much older character homes. It’s a practical choice for those who value space, a relatively modern build, and a property that already holds a strong competitive position in its local market.
Frequently Asked Questions
1. What does the ranking data actually mean?
The rankings show how this property compares to others in the area. For example, ranking in the "top 12%" for living space on its street means 88% of houses on Elmhurst Road are smaller. This data highlights the home’s relative strengths in size and modernity within a sought-after location.
2. Is the lack of a garage a significant drawback?
For some buyers, yes. However, the large lot (over 5,300 sqft) presents a potential opportunity to add a garage or a substantial shed, subject to city bylaws. This could be seen as a chance to add value and customize the property.
3. The home is 37 years old. What should I be aware of?
While newer than many neighbourhood homes, a 1989 build means key components like the roof, windows, and major mechanical systems (furnace, water heater) may be nearing or have reached their typical lifespans. A thorough inspection is advised to assess their condition and plan for any future updates.
4. How does the assessed value relate to the listing price?
The municipal assessment ($483,000) is for tax purposes and reflects a mass appraisal from a prior date. It’s a useful benchmark showing the home is valued highly relative to the market, but the final sale price will be determined by current market conditions, the home’s specific condition, and buyer demand.
5. What is the neighbourhood vibe in Varsity View?
Varsity View is a central, established residential area known for its tree-lined streets and proximity to the University of Manitoba. It offers a quiet, family-oriented atmosphere with the convenience of nearby academic and recreational facilities, appealing to those who want a suburban feel with easy city access.