829 Elmhurst Road

Property Summary: 829 Elmhurst Road

Key Characteristics & Appeal

This 1972-built, one-storey home sits on a large, 7,193 sqft lot in Winnipeg's Elmhurst neighbourhood. Its primary appeal lies in offering generous space and solid value. With 1,910 sqft of living area, it provides significantly more interior room than most homes in the city, ranking in the top 12% for size. This is complemented by a finished basement and an attached garage. The property's assessed value of $472,000 places it well above average for the area, suggesting a home that has been maintained or updated relative to its peers.

Its appeal is for the practical buyer who prioritizes space and lot size over a newer build. It suits a family or someone needing room to grow, who values the stability of an established neighbourhood and is possibly willing to undertake gradual updates to a home from the 1970s. A thoughtful perspective is that while the home ranks highly for size and value, its age ranking is average for Winnipeg, indicating it competes in a mature segment of the market. This isn't a modern showcase, but a substantial and competitively positioned property for those seeking room and established character.

Frequently Asked Questions

1. How does the home's age affect its condition and potential costs?
Built in 1972, major systems like the roof, windows, plumbing, or electrical may be at or beyond their typical lifespan. A thorough inspection is crucial to budget for any necessary updates or repairs, which is typical for homes of this vintage.

2. The lot is large, but how is the property ranked within its own street and neighbourhood?
While the lot size is a strong asset overall, its ranking is more modest within the immediate area. It surpasses 34% of homes on its street and 53% in Elmhurst, suggesting that while large, it's not an outlier and fits the character of a neighbourhood with spacious properties.

3. The assessed value seems high for a 54-year-old home. What does this indicate?
An assessment of $472,000, ranking in the top 22% for Winnipeg, typically reflects recent market valuations, improvements, or desirable attributes like the large living area and finished basement. It's a strong data point for the home's market position but is not a guaranteed sale price.

4. What can the 2016 sale price tell us?
The home sold for $420,000 in April 2016. This historical data shows a trajectory of value and can be a reference point for understanding how the local market has appreciated over the last eight years.

5. Who would this home not be suitable for?
It may not suit buyers seeking a low-maintenance, turn-key new build or those who prefer ultra-modern layouts and finishes. The one-storey design (while accessible) and the likely need for some updates mean it's better suited to buyers with a vision for making a mature property their own.