708 Elmhurst Road

Property Overview: 708 Elmhurst Road, Winnipeg

Key Characteristics & Appeal

This 1981-built, one-storey bungalow sits on a large, approximately 9,000 sqft lot in the Elmhurst neighbourhood. Its key features include a fully finished basement, an attached garage, and 1,285 sqft of living space. The property's primary appeal lies in its established setting and strong relative value within the broader Winnipeg market. The data indicates it outperforms a significant majority of city homes in terms of lot size, assessed value, and building age for its street. This suggests a well-positioned, mature property in a settled area.

It would particularly suit buyers looking for a grounded, single-level living option with ample outdoor space and the immediate usability of a finished basement. The strong rankings hint at a home that offers more substance—like land and recent assessment momentum—compared to many peers, appealing to those who value space and established communities over brand-new construction. It’s a practical choice for downsizers, small families, or investors seeking a property with proven, above-average fundamentals in the city's landscape.

Frequently Asked Questions

1. What do the rankings actually mean?
They show how this property compares to others in its immediate street, wider neighbourhood, and all of Winnipeg. For example, being newer than 83% of homes on its street but only 46% in the broader community suggests Elmhurst Road itself has older homes overall, providing useful context about the specific street's character.

2. Is the finished basement included in the 1,285 sqft living area?
Typically, the listed living area (sqft) refers to above-grade space. The finished basement is an additional area, adding functional rooms like a rec room, office, or extra bedrooms not reflected in the main square footage figure.

3. How significant is the lot size?
At nearly 9,000 sqft, the lot is a major asset. It ranks in the top 8% city-wide for size, offering exceptional outdoor space for gardening, play, or expansion, which is increasingly rare and valuable in mature neighbourhoods.

4. Does a 1981 build year mean major updates are needed?
While systems like the roof, windows, or furnace may be due for inspection or replacement given the home's age, the 1980s construction also often means solid building materials and roomier floor plans compared to newer homes. The "newer than 83% on its street" ranking indicates it's not an outlier for age in its immediate area.

5. Why is the assessed value ranking higher than the living area ranking?
The assessment ranking in the top 26% city-wide, while living space is in the top 40%, suggests that factors like the premium lot size, finished basement, condition, and location are positively influencing the city's valuation beyond just the square footage of the main floor.