431 Elmhurst Road

Property Overview & Appeal

This 1989-built, one-storey home in Varsity View sits on a large, 6,790 sqft lot. Its key characteristics include a fully finished basement, an attached garage, and 1,322 sqft of living space. The appeal lies in a combination of space, location, and relative value. The property ranks notably well for its lot size, recent build year, and assessed value within Winnipeg, suggesting a solid, above-average offering for the city. It would suit practical buyers looking for a move-in-ready, single-level layout in a established neighbourhood, particularly those who prioritize a generous yard over a massive interior footprint. A thoughtful perspective is that while the home's interior size is modest relative to the lot, this presents an opportunity for future expansion or outdoor living, a less common find in mature central neighbourhoods.

Frequently Asked Questions

1. What does the ranking data actually mean?
The rankings compare this property to others on its street, in Varsity View, and across all of Winnipeg. For example, being newer than 88% of houses on its street and on a larger lot than 81% of homes in Winnipeg are strong indicators of its competitive standing.

2. Is the 2016 sale price relevant today?
While it shows historical value, the current assessed value of $469,000 provides a more current benchmark. The significant increase since 2016 reflects market trends and potentially any updates made to the property.

3. Who would benefit most from the single-storey layout?
This layout is ideal for those seeking accessibility or preferring to avoid stairs, such as young families, empty-nesters, or individuals with mobility considerations. It offers ease of movement between living spaces.

4. What is the significance of having a fully finished basement?
It immediately adds functional living space, which could be used as a recreation room, home office, or guest area. This is a valuable feature that expands the usable square footage beyond the main floor.

5. How does the large lot size impact the property?
Beyond providing ample private outdoor space, a lot of this size in a mature neighbourhood is a long-term asset. It offers potential for gardening, play areas, or future additions, subject to local zoning regulations.