796 Elmhurst Road

Property Summary: 796 Elmhurst Road, Winnipeg

Section 1: Key Characteristics & Appeal

This is a spacious, well-established two-storey home in the Elmhurst neighborhood, built in 1975. Its primary appeal lies in its generous proportions and mature lot. With over 2,000 square feet of living space, it ranks in the top 10% of homes in its community for size, offering ample room for a growing family. The property sits on a large, 8,158 sqft lot, providing significant outdoor space and privacy—a feature that becomes increasingly valuable. A finished basement and an attached garage add to its functional, family-ready layout.

The home’s value proposition is one of established space and stability rather than new-build modernity. It suits buyers looking for a "move-in ready" canvas in a mature neighborhood—those who prioritize interior space and yard size over a recently constructed home and may see potential in updating a solid structure over time. The strong rankings for lot and living area size against local comparables suggest it’s a standout property in its category, likely attracting buyers who have outgrown starter homes but don’t require a luxury estate. A thoughtful perspective is that this property represents a balance: it offers more house and land for the price than many newer builds, but the 1975 vintage means due diligence on major systems (like roof, windows, and furnace) is a key part of the evaluation.

Section 2: Frequently Asked Questions (FAQs)

1. What is the neighborhood (Elmhurst) like?
Elmhurst is a mature, established neighborhood in Winnipeg. The property's rankings show it outperforms 77% of homes in the community for size, indicating it's among the larger homes in an area likely consisting of a mix of original and updated properties from a similar era.

2. Why is the current assessed value higher than the 2022 sale price?
The assessed value of $433,000 reflects the municipal valuation for tax purposes, which considers market trends and comparisons. The 2022 sale price of $369,000 was the agreed-upon market value at that specific time. The increase likely reflects broader market movements and the property's standout characteristics in size.

3. What should I consider about a home built in 1975?
While the home offers proven space and a mature lot, a building of this age means its major components are at a stage where they may need attention or updating. A thorough inspection is crucial to understand the condition of the roof, plumbing, electrical, insulation, and original windows to plan for future maintenance or improvements.

4. How does the finished basement add value?
The finished basement immediately expands the usable living area, providing space for recreation, a home office, or additional bedrooms. It adds functional square footage without the cost of an addition, making the home feel larger and more versatile.

5. The home ranks highly for size but lower for "newness" in the community. What does that mean?
This indicates that while this home is larger than most in Elmhurst, many homes in the area have been built more recently. For a buyer, this suggests the neighborhood is evolving, but this particular property competes on the merit of its substantial lot and interior space rather than being a newer construction.