Property Overview: 260 Elmhurst Road
Key Characteristics & Appeal
This is a well-maintained bi-level home built in 1975, situated on a generous 5,275 sqft lot in the established Varsity View neighbourhood. Its key features include a finished basement and a detached garage. With 1,021 sqft of living space, it presents a practical layout for a smaller household or first-time buyers.
The appeal lies in its balance of space and location within a mature community. While its interior square footage is modest, the large lot offers valuable outdoor potential and a sense of openness uncommon in newer subdivisions. The home’s condition and age place it in a competitive middle ground—it’s not a brand-new build, but it ranks as newer than over half of the homes across Winnipeg, suggesting it has been reasonably maintained or updated.
This property would best suit pragmatic buyers looking for an entry point into a desirable neighbourhood without a premium price tag. It’s ideal for a small family, a couple, or an investor seeking a stable rental property. The large yard is a significant asset for those valuing private outdoor space over extensive indoor square footage. The rankings indicate it’s a solid, average performer in the broader market, making it a sensible choice rather than a standout luxury purchase.
Frequently Asked Questions
1. What does the ranking data actually tell me?
The rankings compare this home against others on its street, in Varsity View, and across all of Winnipeg for metrics like size, age, and assessed value. For example, being newer than 55% of Winnipeg homes suggests it’s in a decent state of repair relative to the city's housing stock, while its lot size is a top-tier feature for the local street.
2. Is the finished basement included in the 1,021 sqft living area?
Typically, the listed living area (sqft) refers to above-grade space. The finished basement is an additional area, adding functional living space not reflected in that primary square footage figure.
3. What are the implications of a "detached" garage?
A detached garage offers flexibility for its use (e.g., workshop, storage) without impacting house layout or noise. However, it means going outside to access your vehicle, which is a consideration during Winnipeg winters.
4. The home is over 50 years old. What should I budget for?
While the rankings suggest it's in fair comparative condition, a home of this age will likely need ongoing maintenance. Budgeting for potential updates to major systems like roofing, plumbing, or windows is a prudent step.
5. How does the assessed value relate to the likely selling price?
The municipal assessment of $356,000 is for tax purposes and is based on past market data. The final sale price is determined by the current market. In active areas, the selling price can be significantly higher than the assessed value.