Property Overview: 346 Elmhurst Road
Key Characteristics & Appeal
This 1978-built, single-storey home in Varsity View sits on a large, 8,339 sqft lot, offering a notable sense of space and privacy for the area. With 1,602 sqft of living space and a finished basement, it provides practical, single-level living. Its standout feature is its competitive positioning: the property ranks in the top tiers across the neighbourhood and city for lot size, living area, and assessed value, indicating a home that outperforms many of its peers on key metrics. The appeal lies in this combination of a spacious, established property with strong relative value within its market.
It would suit buyers looking for a grounded, no-fuss family home in a mature neighbourhood, particularly those who prioritize a large yard over a new build. It’s also a sensible option for anyone who appreciates single-level living or is planning for long-term accessibility. A less obvious perspective is that its high rankings for lot size and value suggest it could be a strategic purchase for someone looking for a property with inherent "land value" in a sought-after area, offering potential for future updates or expansion.
Frequently Asked Questions
1. What does the ranking data actually mean?
The rankings show how this property compares to others. For example, being in the top 10% in Winnipeg for lot size means 90% of city homes sit on smaller lots. This data highlights the home's relative strengths in space and value.
2. Is the age of the home (built in 1978) a concern?
While not a new build, the home's age is typical for the neighbourhood. Its rankings show it surpasses 61% of Winnipeg homes in age (newer than 39% of them), placing it in a middle range. A thorough inspection is always recommended to understand the condition of major systems.
3. Who would benefit most from the single-storey layout?
This layout is ideal for families seeking all main living areas on one floor, individuals planning for aging in place, or anyone who prefers to avoid stairs. The finished basement adds extra flexible space separate from the main living area.
4. How significant is the lot size?
At over 8,300 sqft, the lot is a major asset. It provides ample outdoor space for recreation, gardening, or entertaining—a feature that is increasingly rare and often commands a premium in established neighbourhoods.
5. What is the significance of the assessed value ranking?
Ranking in the top 20% in Winnipeg for assessed value suggests the property is officially valued higher than 80% of homes in the city. This often correlates with a strong market position and can reflect a desirable combination of location, land, and improvements.