Property Overview: 240 Elmhurst Road, Varsity View, Winnipeg
Key Characteristics & Appeal
This is a well-situated, single-storey home on a large, 7,644 sqft lot in the established Varsity View neighborhood. Its primary appeal lies in its generous outdoor space—a rarity in the city—and its location, which outperforms most of Winnipeg for lot size. The home itself is modest at 796 sqft, with a finished basement and an attached garage, built in 1956.
The property suits two main types of buyers. First, it's ideal for those valuing land over living space: an end-user seeking a massive yard for gardening, pets, or future expansion, or an investor eyeing the lot's long-term redevelopment potential. Second, it fits downsizers or first-time buyers looking for a solid, no-frills bungalow in a central, mature community, who are comfortable with a home that requires updates. The rankings reveal a thoughtful perspective: while the interior space is compact, the property's true competitive edge is its land, placing it in the top 13% city-wide for lot size. It's a classic "good bones" property where the value is more in what you could do with it over time than in its current finish.
Frequently Asked Questions
1. Is the house in original condition?
Given its 1956 build date and the rankings showing its living area and age are below average for the area, it is very likely the home retains much of its original layout and features, which is typical for the neighborhood. A viewing is essential to confirm the state of major systems like plumbing, electrical, and the roof.
2. Why is the assessed value higher than the price per square foot might suggest?
The assessment reflects the total property value, which is heavily influenced by the large, desirable lot. The city's valuation accounts for the land's size and location, not just the building's square footage.
3. What is the neighborhood like?
Varsity View is a mature, tree-lined community near the University of Manitoba. It offers a quiet, established residential feel with good access to amenities, parks, and academic institutions. The high lot-size ranking for the area indicates a neighborhood of spacious properties.
4. Is there potential to expand or rebuild?
The exceptionally large lot provides significant potential. Any expansion (like an addition) or future rebuild would be subject to City of Winnipeg zoning bylaws and permitting. The lot's size is its most compelling feature for such possibilities.
5. How do the "rankings" work?
These rankings compare this specific property against others on its street, in Varsity View, and across all of Winnipeg for metrics like lot size and age. For example, being in the "top 13%" for lot size in Winnipeg means 87% of city properties have a smaller lot, highlighting a key strength. Conversely, rankings for living area confirm the home itself is compact.