Property Overview

This 1930s two-storey home on a large, 8,672 sqft lot in Elmhurst presents a distinct opportunity. Its key appeal lies in the combination of a generous, mature property in an established neighbourhood with a home that offers functional living space and clear potential. With 1,408 sqft of living space and a finished basement, it provides room to grow. The standout feature is the lot size, which ranks in the top 9% of all Winnipeg properties, offering exceptional outdoor space for gardening, play, or future expansion.

The property suits two primary types of buyers: value-conscious purchasers looking for a solid entry into a mature neighbourhood who are comfortable with a home of this vintage, and visionaries who see the long-term potential in the land itself. Its appeal is grounded in substance over flash—it’s a property where the value is derived from the land and location, with the house offering a functional starting point. A less obvious perspective is that, while the home's assessed value is modest relative to the area, the highly ranked lot size suggests the underlying land is a significant and appreciating asset, making this a property where the greatest investment is already in place.

Frequently Asked Questions

1. What does the ranking data actually mean?
The rankings compare this property against others on its street, in Elmhurst, and across all of Winnipeg. For example, its land size is in the top 9% city-wide, which is exceptional, while its build year (1930) is among the older homes, placing it in the top 84% (meaning only 16% of homes are older). This helps highlight its strengths (lot size) and context for its age.

2. Is the 1930 build year a concern?
It means the home will have the character and construction methods of its era, along with the potential for associated maintenance or updating needs. Buyers should budget for a thorough inspection to understand the condition of major systems like wiring, plumbing, and the foundation.

3. The assessed value seems low for the area. Why?
The municipal assessment is often formula-driven and may not fully capture market premiums for highly desirable lot sizes or recent interior updates. It’s a useful baseline for taxes, but the market price is determined by what buyers are willing to pay for the unique combination of land and location.

4. There's no garage. Is adding one feasible?
The very large lot certainly provides the space for adding a garage or a sizable workshop. Any addition would require checking current zoning bylaws and obtaining the proper permits, but the physical space is a major advantage here.

5. Who would this property not suit?
It may not suit buyers seeking a modern, turn-key home with no projects, or those who prioritize a high interior finish level over outdoor space and long-term potential. It’s a property that rewards a hands-on approach or strategic vision.