Property Summary: 319 Elmhurst Road
Key Characteristics & Appeal
This is a well-established, two-storey home in the sought-after Varsity View neighbourhood. Built in 1945, it sits on a generous 8,068 sqft lot—a significant size that ranks in the top 11% of all properties in Winnipeg. The home offers 1,182 sqft of living space, includes a finished basement, and features a detached garage. Its primary appeal lies in its location and land. The lot size is a standout asset, offering ample outdoor space and future potential in a mature, central community. While the home itself is of average size for the area, its overall property footprint is a considerable advantage.
This property would suit a few specific buyer types. First, it’s ideal for those who value a large yard for gardening, children, or pets in a central location. Second, it could appeal to a buyer with a vision for renovation or expansion, given the solid lot size and the home’s classic two-storey layout. It’s less suited for someone seeking a modern, move-in-ready home without projects, given its age, but represents a strong opportunity for those looking to put down roots and add value over time in a prime neighbourhood.
Frequently Asked Questions
1. What does the lot size ranking actually mean?
The ranking indicates that this property’s lot is larger than 89% of all residential lots in Winnipeg, making it a notably spacious parcel, especially for an inner-city neighbourhood like Varsity View.
2. Is the finished basement included in the 1,182 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 to the home’s total usable footprint.
3. How does the 1945 build year affect the home?
While the age means potential for character and mature landscaping, buyers should budget for updates to older mechanical systems (like plumbing or wiring) and consider an inspection to assess the condition of the structure and foundation common for the era.
4. The assessed value is higher than the 2020 sale price. What does that indicate?
This is common and reflects market appreciation and municipal assessment practices over four years. The assessed value is for tax purposes, while the market sale price will be determined by current conditions, the home’s state, and buyer demand.
5. What are the pros and cons of a detached garage?
A detached garage offers flexibility—it could be used as a workshop or studio without impacting the main house. The downside is convenience, as you’ll have to go outside to access your vehicle, which can be less desirable during Winnipeg winters.