716 Elmhurst Road

Property Overview

716 Elmhurst Road is a well-established, one-storey home on a large, mature lot in Winnipeg's Elmhurst neighborhood. Its primary appeal lies in offering solid value and space in a sought-after area, presenting a classic "blank canvas" opportunity. The nearly 7,800 sqft lot is a significant asset, providing ample outdoor space and ranking in the top 12% for size city-wide. The home itself, built in 1970 with over 1,000 sqft of living space and a finished basement, is positioned for buyers looking for a property where the land value and location are key drivers, and who are comfortable with a home that may require updates. It would particularly suit first-time buyers seeking entry into a desirable community, value-conscious investors, or downsizers looking for a single-level layout and a large, private yard without a premium price tag. A thoughtful perspective is that while the home's interior metrics rank lower locally, the exceptional lot size offers long-term potential, whether for expansion, gardening, or simply enjoying generous outdoor privacy—a feature becoming increasingly rare.

Frequently Asked Questions

1. How does the home's condition compare to its neighborhood rankings?
The data suggests the house itself is more modest relative to the area. While the lot size ranks in the top 12% in Winnipeg, the living space and building age rank in the bottom third within Elmhurst. This indicates you are purchasing a prime lot with a functional home that may benefit from modernization.

2. What does the "finished basement" include?
The listing confirms a finished basement but does not specify the finish quality, rooms, or ceiling height. This is a key detail to verify in-person, as finishes can range from basic drywall and flooring to more complete living spaces.

3. Is the split garage attached or detached?
The listing states "split garage," which typically means a double garage divided into two single bays. It is not specified if it is attached to the house or a detached structure; this is an important point for convenience and utility costs to clarify.

4. Why is the assessed value a useful metric here?
The assessment ($374,000) ranks higher than the home's physical characteristics alone, likely reflecting the significant value contributed by the large lot and the overall desirability of the Elmhurst area. It provides a benchmark rooted in municipal valuation.

5. What are the implications of the lot size for future plans?
The nearly 7,800 sqft lot is a major feature. Beyond gardening and play space, it could potentially allow for additions like a garage, workshop, or sunroom, subject to local zoning bylaws and setback requirements. This flexibility is a long-term advantage.