330 Elmhurst Road

Property Overview

330 Elmhurst Road is a 1951-built, one-storey home in Winnipeg's Varsity View neighbourhood. Its key characteristic is a well-proportioned 5,379 sqft lot, which is notably larger than most in the immediate area. The 704 sqft home includes a finished basement and a detached garage. Recent market activity is highlighted by a sale in August 2023 for $320,000, which sits above the current assessed value of $295,000.

The primary appeal lies in its location and land. Varsity View is a central, established community near the University of Manitoba, offering convenience and mature streetscapes. The large lot is a significant asset, providing ample outdoor space and future potential in a neighbourhood where many properties are more compact. This home would suit first-time buyers, investors, or downsizers seeking an entry point into a desirable area where the value is anchored by the land itself. It’s a practical choice for those comfortable with a home whose interior space is modest and whose character reflects its 1950s origins, seeing it as a canvas for personal updates over time.

Frequently Asked Questions

1. What is the true value, given the difference between the 2023 sale price and the current assessment?
The assessed value is for taxation purposes and often lags behind the current market. The 2023 sale price is a more direct indicator of recent market value, suggesting buyer demand for well-located lots in this area.

2. Is the 704 sqft living area including the finished basement?
Typically, official living area (sqft) refers to above-grade space. The finished basement adds usable living area but is often not included in that specific square footage figure, meaning the total functional space is greater.

3. What does the lot size ranking mean for this property?
The data shows this home's lot size surpasses 98% of other lots on its street and 92% in Varsity View. This is a standout feature, implying more privacy, yard space, and potential than most comparable properties nearby.

4. Who might this property not suit?
It may not suit buyers seeking a modern, move-in-ready home with ample interior space or those unwilling to consider updates. The rankings indicate the interior size is quite compact relative to the area.

5. What is the significance of the "One Storey" building type?
This indicates a bungalow-style layout, which can be appealing for its straightforward floor plan and potential for easier accessibility. It's a style in consistent demand, particularly on a large lot.