216 Elmhurst Road

Property Overview: 216 Elmhurst Road

Key Characteristics & Appeal

This is a classic, single-story home in the established Varsity View neighborhood. Built in 1970, it sits on a generous 5,384 sqft lot, offering more outdoor space than many city properties. The home itself is modest in size at 873 sqft of living space but includes a finished basement, adding functional room. It does not have a garage or pool.

Its primary appeal lies in its location and lot size within a mature, central community. The recent sale history shows steady appreciation, suggesting a stable investment in a desirable area. The home suits first-time buyers or downsizers seeking an entry point into a well-regarded neighborhood without a premium price tag. It’s a property for those who value location and land potential over a large or modern interior, and who are comfortable with a home that ranks average to below-average in size and assessed value compared to its immediate surroundings. The appeal is practical: a manageable footprint on a sizable lot in a convenient location, ideal for someone willing to live with its current condition or invest in gradual updates.

Frequently Asked Questions

1. How does the recent sale price compare to the city assessment?
The home sold for $320,000 in January 2025, which is approximately $34,000 above its most recent assessed value of $286,000. This is not uncommon in active markets and reflects what a buyer was willing to pay at that time.

2. What do the neighborhood ranking percentages mean?
The rankings compare this property to others on its street, in Varsity View, and across all of Winnipeg. For example, its lot size ranks in the top 15% on its street, but its living area is in the bottom 14%. This indicates it has a relatively large yard for the area but a smaller-than-average house footprint.

3. Is the basement included in the 873 sqft living area?
No, the 873 sqft figure typically refers to the above-grade living space. The finished basement is additional square footage, providing extra usable rooms.

4. What is the typical buyer for this type of home?
Given its size, classic layout, and location, it would most likely attract first-time homeowners, investors, or empty-nesters looking to downsize while remaining in a central neighborhood. It's a practical choice over a luxurious one.

5. How does the lack of a garage affect property value and livability?
The absence of a garage is a consideration for vehicle storage and additional storage space. In this neighborhood, it is not uncommon for older homes. Buyers should factor in the cost and feasibility of adding a parking pad or garage if needed, subject to local bylaws.