Property Overview: 865 Elmhurst Road

Section 1: Key Characteristics & Appeal

This well-established one-storey home sits on a notably large, mature lot of approximately 12,588 square feet in the Elmhurst neighbourhood. Built in 1985, the 1,190 sqft house features a finished basement and an attached garage. Its primary appeal lies in the exceptional land size, which places it in the top 3% of all properties in Winnipeg for lot dimensions, offering rare potential for expansion, gardening, or outdoor living. The home ranks highly within its immediate area for lot size, age, and assessed value, indicating a solid and desirable location.

This property would best suit a buyer who values space and privacy over a large interior footprint. It’s ideal for someone looking for a manageable single-level layout with the bonus of a finished basement, but whose real priority is a substantial, established yard. It appeals to downsizers seeking a peaceful retreat, growing families wanting room for kids and pets to play, or visionary buyers who see the long-term value and potential in the land itself.

Section 2: Frequently Asked Questions

1. How does the home's size compare to the lot size?
The living space is a comfortable 1,190 sqft, but the lot is over ten times that size. This means the house itself is modest relative to the expansive property, focusing the value on outdoor space and future possibilities.

2. What does the high ranking for "age" mean?
The home, built in 1985, is newer than about 86% of houses on its street. In this context, it suggests a neighbourhood with older character homes, making this property a relatively more modern option with likely fewer major age-related concerns.

3. Is the recent sale price a good indicator of value?
The November 2024 sale at $415,000 came in slightly below the current assessed value of $429,000. This recent, actual transaction provides a concrete benchmark for the property's current market value.

4. What are the implications of such a large lot?
Beyond privacy, a lot of this scale (ranking in the top 5% of the community) may offer flexibility for additions like a large deck, workshop, or pool. Buyers should consider both the opportunities and the responsibilities, such as maintenance, landscaping costs, and potential bylaws for any future structures.

5. Who might this property not suit?
It may not be the best fit for buyers seeking a large, modern interior or a brand-new, low-maintenance home. The appeal here is grounded in space and location rather than expansive or recently renovated living areas.