383 Elmhurst Road

Property Overview: 383 Elmhurst Road

Key Characteristics & Appeal

This is a character-filled, one-and-three-quarter storey home in the established Varsity View neighborhood. Built in 1910, it sits on a notably large, deep lot of nearly 7,000 sqft, offering more outdoor space than most city properties. The home itself has 1,131 sqft of living space, a finished basement, and a detached garage.

Its primary appeal lies in a blend of location, lot size, and value. The lot size ranks in the top 17% city-wide, a rare find that provides privacy, gardening potential, and room for expansion. While the home is historic, its recent sale price and assessment sit comfortably below the Winnipeg average, presenting an entry point into a desirable central neighborhood close to the University of Manitoba. This property would suit a practical buyer—perhaps a first-time homeowner, an investor, or a downsizer—who values space and location over a modern, turn-key home. It’s for someone who sees potential in the generous yard and is prepared for the realities and charms of a century-old structure.

Frequently Asked Questions

1. What does the "one-and-three-quarter storey" style mean?
This typically describes a home with a full main floor and a second floor where the roofline slopes into the walls, creating cozy bedrooms with slightly reduced ceiling height at the edges. It's a classic architectural style full of character.

2. The home is over 100 years old. What should I consider?
While offering undeniable charm, a 1910-built home will likely have older systems (plumbing, electrical, insulation). A thorough inspection is essential to understand the condition and plan for any updates, which can be factored into the offering price.

3. How does the large lot size benefit me?
Beyond simple outdoor space, a lot of this size (ranking in the top 17% in Winnipeg) is a long-term asset. It provides exceptional privacy, room for gardens, play areas, or future additions like a shed, deck, or even a suite (subject to zoning and permits).

4. The rankings show it's newer than only 5% of Winnipeg homes. Is that a concern?
This statistic highlights the home's historic nature. It's not a drawback for a buyer seeking character, but it does underscore the importance of a meticulous inspection to assess the maintenance and updating the home has received over its long life.

5. Why did it sell for more than its assessed value?
This is common in active markets, especially for unique properties. The assessment is for taxation purposes, while the market price reflects what buyers are currently willing to pay for the combination of location, lot size, and home features.