299 Elmhurst Road

Property Overview

This 2020-built, single-storey home in Varsity View offers modern living on a spacious 7,209 sqft lot. Its key appeal lies in the combination of new construction benefits—like contemporary building standards and minimal immediate maintenance—within a mature, established neighbourhood. With 2,024 sqft of living space, an attached garage, and an unfinished basement, it provides a solid foundation for a growing family or anyone seeking a move-in-ready property with room to personalize.

The home’s competitive rankings are notable. It sits in the top tier of Winnipeg homes for lot size, living area, assessed value, and newness, suggesting strong intrinsic value and scarcity for its specifications. This would particularly suit buyers who prioritize a modern layout and energy efficiency but want to avoid the wait and uncertainty of a new build in a developing suburb. It’s also a practical choice for those who appreciate the larger lot sizes and tree-lined streets of older neighbourhoods but desire a home without the renovation projects often associated with them.

Frequently Asked Questions

Q: The basement is unfinished. How does that affect the value and potential?
A: While it doesn't contribute to the finished living area, it represents significant potential for future customization. For a 2020 home, the major systems (plumbing, electrical, insulation) are already modern and up to code, making it a cleaner and often more cost-effective project to finish compared to an older home.

Q: The assessed value has risen significantly since the 2020 purchase. What does this indicate?
A: The increase reflects strong market appreciation for newer homes in desirable central neighbourhoods. The current assessment suggests the property is viewed as a high-value asset relative to most of Winnipeg, which can be positive for equity, though buyers should always compare it to recent local sales for the most accurate picture.

Q: Who is the ideal buyer for this specific property type?
A: It's an excellent fit for empty-nesters or professionals looking for single-level living without downsizing lot size or location quality. Conversely, it also suits young families seeking a modern, low-maintenance home in a community known for its proximity to schools and the university, with a basement ready to grow into.

Q: The lot is large for a newer home. What are the advantages?
A: A 7,209 sqft lot in a 2020 build is uncommon. It offers ample private outdoor space, greater distance from neighbours, and more flexibility for future additions like a deck, garden, or even a secondary structure, which is often restricted on smaller, newer subdivision lots.

Q: The home ranks very high for "newness" in its area. What’s the practical benefit?
A: Beyond just being modern, this typically means major components like the roof, windows, furnace, and appliances are years away from needing replacement. It also implies better energy efficiency and likely fewer unexpected repair costs in the critical first years of ownership.