395 Elmhurst Road

Property Overview

This 1981-built, one-storey home in Varsity View offers a compelling blend of space, location, and value. Its key appeal lies in a very large, 8,503 sqft lot—a rarity that places it in the top 10% of all Winnipeg properties for land size. The 1,495 sqft living area is also above average for its street and community. While the basement is unfinished, this presents a straightforward opportunity for customization. The home ranks highly across most metrics for its immediate area, particularly for lot size and assessed value, suggesting a solid, established property in a desirable neighbourhood.

Its character suits buyers looking for a grounded, long-term family home with ample outdoor space for gardening, play, or future expansion. It’s especially fitting for those who value a quiet, mature neighbourhood and prefer the convenience of single-level living or are planning for it. The unfinished basement and 1981 vintage mean it appeals to practical buyers comfortable with some updates or personalization over time, rather than those seeking a completely turn-key modern finish.

Frequently Asked Questions

1. What does the high ranking in "Assessed Value" for the street and city actually indicate?
It means the city's assessment of this property's worth is higher than most homes around it. This generally reflects the combined value of its large lot and above-average living space for the area, but it's not a direct market price.

2. The house is 45 years old. What should I be mindful of?
While systems may have been updated, a prudent buyer would budget for potential age-related maintenance. The good ranking for its "newness" on the street suggests it compares well to neighbouring homes, but a thorough inspection of the roof, windows, and major mechanical systems (furnace, electrical) is advisable.

3. How significant is the unfinished basement?
It's a key blank canvas. It adds significant potential square footage for future living space, storage, or a workshop, but completing it will require a planned investment. For some, the flexibility to finish it to their own taste is a major advantage.

4. The lot is exceptionally large. What are the benefits and responsibilities?
The benefits are substantial privacy, space for additions like a deck or garage, and room for landscaping. The responsibility is the ongoing maintenance—lawn care, gardening, and snow removal—which will be more considerable than on a standard lot.

5. Who would this property NOT be ideally suited for?
It may not suit buyers seeking a brand-new, low-maintenance home or those who prefer a compact, urban yard. The need for some potential updates and the scale of the lot make it better for owners who enjoy or are prepared for the hands-on aspects of home and grounds care.