762 Elmhurst Road

Property Summary: 762 Elmhurst Road, Winnipeg

Key Characteristics & Appeal

This is a spacious, well-established family home in the Elmhurst neighborhood, built in 1973. Its primary appeal lies in its generous 11,406 sqft lot—a rare find that places it in the top 4% of all Winnipeg properties for land size. The home itself is a 1,525 sqft bungalow featuring a finished basement, an in-ground pool, and an attached garage. With an assessed value of $507,000, it ranks highly for both value and lot size within its immediate area.

The property suits buyers prioritizing outdoor space and privacy over a brand-new build. It’s ideal for a family seeking a large, secure yard for recreation or gardening, or for someone looking for a home with established landscaping and room to expand. The pool adds a distinct leisure feature for summer months. While the house is over 50 years old, its above-average rankings for living area and assessed value in the neighborhood suggest it has been maintained or updated to remain competitive. This isn't a downtown condo or a brand-new suburb home; it’s for those who value space, maturity, and the potential of a significant property in a settled community.

Frequently Asked Questions

1. What does the high ranking for lot size actually mean?
It means this property's land area is larger than 96% of all residential properties in Winnipeg, offering exceptional outdoor space that is increasingly difficult to find.

2. Is the pool a major factor in the assessment value?
While pools can add to a property's market appeal and enjoyment value, municipal assessments primarily consider the land and building. The high assessment ranking is more likely tied to the substantial lot and the home's characteristics.

3. The build year is 1973. Should I be concerned about major systems?
A home of this age will have had key components like the roof, windows, or furnace replaced. The critical question is not the original build date, but the age and condition of these major updates, which should be verified during an inspection.

4. Who is responsible for maintaining the large lot and pool?
These are private amenities fully maintained by the homeowner. The lot size offers great potential but also requires more time or resources for landscaping, while the pool involves seasonal opening/closing, regular cleaning, and associated utility costs.

5. The rankings show different performance for "neighborhood" vs. "Winnipeg." Why?
The home ranks even better within its own Elmhurst community than city-wide for lot size and value, indicating it's a particularly strong property within an already desirable area. This can be a sign of a good long-term investment in that specific location.