Property Summary: 709 Elmhurst Road

Key Characteristics & Appeal

This is a classic, one-storey home built in 1947, situated on a notably large, mature lot of over 10,000 square feet in Winnipeg's Elmhurst neighborhood. Its primary appeal lies in its generous land size, which ranks within the top 6% of all properties in Winnipeg, offering exceptional outdoor space and potential. The house itself, at 1,291 sqft, provides a comfortable footprint.

The property suits two main types of buyers: first, those who value land over a turn-key home and are looking for a long-term property with room to expand, garden, or enjoy private outdoor living. Second, it appeals to value-conscious buyers or investors willing to undertake renovations, as the home presents an opportunity to modernize a well-located property with a strong foundational asset—the lot. A less obvious perspective is its appeal to multi-generational families; the vast lot could accommodate a future secondary suite or addition, a rarity in established neighborhoods.

Frequently Asked Questions

1. What does "未装修" for the basement mean?
It indicates the basement is unfinished. Buyers should budget for potential development costs if they desire additional living space, but it also means there are no prior renovations to alter or correct.

2. How significant is the lot size ranking?
Ranking in the top 6% city-wide for lot size is a major asset. It means the property offers more privacy, space, and greenery than the vast majority of homes in Winnipeg, which is a fixed feature that cannot be replicated on smaller lots.

3. The home is older—what should I consider?
Built in 1947, the house will likely require updates to mechanical systems, windows, and insulation. A thorough inspection is essential. The trade-off is the opportunity to customize the interior to modern tastes while securing a prime piece of land.

4. There's no garage. Can one be built?
Given the extremely large lot, there is ample space to add a detached garage or workshop. This would be a significant but feasible project for a buyer needing vehicle storage or a hobby space.

5. Why is the assessed value relatively low compared to the lot's appeal?
The municipal assessment reflects the current state of the property, including the age and condition of the home. The high land value is somewhat offset by the older, unrenovated dwelling, resulting in a lower total assessment. This can represent the value opportunity for a buyer.