Property Overview: 294 Elmhurst Road, Varsity View, Winnipeg

Key Characteristics & Appeal

This is a well-situated, single-storey home in the established Varsity View neighbourhood. Built in 1976, it sits on a generous 5,381 sqft lot, offering above-average outdoor space for the area. The 1,072 sqft home features a finished basement and an attached garage. Its key appeal lies in its balance of location, lot size, and move-in readiness with the finished lower level.

The property’s competitive positioning is nuanced. While its living area and assessed value rank in the middle to lower-middle range for its immediate community and city-wide, it excels in two specific areas: its lot is larger than over 90% of others on its street, and the home itself is newer than most in its immediate vicinity. This suggests a property that offers more outdoor potential and potentially less immediate concern over age-related upkeep than many nearby homes.

It would best suit first-time buyers or downsizers seeking a manageable, single-level layout in a mature neighbourhood. The large lot also appeals to those valuing private outdoor space for gardening or entertaining, with the understanding that the home’s footprint is modest. It’s a practical choice for someone prioritizing location and land over sheer interior size.

Frequently Asked Questions

1. What does the "ranking" data actually mean?
The rankings compare this home against specific groups (its street, wider community, and all of Winnipeg) for metrics like lot size and age. For example, being newer than 78% of houses on its street is a relative strength, while its living area is smaller than many in the community. It helps identify where the property stands out or is more typical.

2. Is a 50-year-old home a concern?
The age is typical for the neighbourhood. The key data point is that it ranks as newer than most on its street and over half in its community, suggesting major components may have been updated over time. A thorough inspection is always advised to assess the current condition of the roof, windows, and mechanical systems.

3. Who might find the large lot particularly valuable?
Beyond gardeners, the lot size offers future flexibility. It could be attractive for those considering a later addition, building a detached garage or workshop, or simply desiring greater privacy and distance from neighbours than is common in newer subdivisions.

4. How does the finished basement impact the living space?
It adds functional space for a family room, home office, or guests. However, it’s important to note that the official 1,072 sqft living area refers to above-grade space; the basement adds to usability but is calculated separately in assessments.

5. What is the neighbourhood vibe like?
Varsity View is a quiet, established residential area near the University of Manitoba. It offers a mature streetscape with larger trees and settled community feel, appealing to those seeking a peaceful setting while remaining close to academic institutions and major routes.