560 Elmhurst Road

Property Overview: 560 Elmhurst Road, Winnipeg

Key Characteristics & Appeal

This 1986-built, single-story home sits on a large, 8,710 sqft lot in the Elmhurst neighborhood. Its key features include a fully finished basement, an attached garage, and 1,459 sqft of living space. The property's primary appeal lies in its established, spacious setting and its strong relative standing in the broader market. It ranks exceptionally well for its lot size, assessment value, and age within its immediate area, suggesting a well-positioned and maintained home in a mature community.

The home would suit buyers looking for solid value in a settled neighborhood, prioritizing space and land over a brand-new build. It’s ideal for those who appreciate a home with a proven history and who may want the flexibility of already-finished basement space for family, hobbies, or a home office. The rankings indicate it offers a competitive edge compared to many nearby properties, appealing to pragmatic buyers seeking a home with strong fundamentals.

Frequently Asked Questions

1. What do the ranking percentages actually mean?
They show how this property compares to others in its immediate area and across Winnipeg. For example, ranking "in the top 9% for lot size in Winnipeg" means 91% of city properties have a smaller lot, highlighting a key advantage of this home.

2. The house is 40 years old. What should I consider?
While the rankings show it is newer than many homes on its street, a home of this age will have had major components like the roof, windows, and HVAC system updated or nearing their service life. A thorough inspection is essential to understand the condition and any upcoming maintenance.

3. How useful is the finished basement?
A finished basement adds flexible living space, which is a significant asset. It's important to check the quality of the finish, ceiling height, moisture control, and whether it requires any updates to suit your needs.

4. The assessment value is high relative to the area. Is that good?
A high assessment value relative to neighbors can indicate the property is seen as an above-average asset in its community, which is positive. However, it's a municipal assessment for tax purposes; the market value is determined by current buyer demand and recent sales.

5. Who might this property not suit?
Buyers seeking a modern, open-concept layout or a turn-key new build may find the 1986 floor plan requires updating. Those with mobility concerns should confirm the single-story layout meets their needs, as some older bungalows can have steps at entrances or between split-level areas.