461 Elmhurst Road

Property Overview: 461 Elmhurst Road, Varsity View, Winnipeg

Section 1: Key Characteristics & Appeal

This is a classic, well-situated one-storey home built in 1959. Its primary appeal lies in its exceptionally large, private lot of over 12,700 square feet—a rare find within the city that offers immense potential for gardening, recreation, or future expansion. The home itself is modest in size at 1,050 sqft and features a finished basement, presenting a solid foundation in a highly sought-after neighborhood.

The property suits two main types of buyers. First, it’s ideal for a renovator or builder who values land over the existing structure, seeing the lot as the main asset for creating a dream home. Second, it fits a practical buyer looking for an entry point into the desirable Varsity View area, who is comfortable with a home of a vintage era and may prioritize the private outdoor space over a modern interior. A less obvious perspective is the home’s ranking data: while the house itself is average for the area in size and age, the lot size is in the top tier for the entire city, highlighting a significant value proposition that is more about land than building.

Section 2: Frequently Asked Questions

1. What does the ranking data (e.g., "top 3% in Winnipeg") actually mean?
This indicates how the property compares to others in a specific category. For example, its land size is larger than 97% of all residential lots in Winnipeg, a standout feature. Conversely, the home's age and living area are more typical, ranking in the middle ranges.

2. Is the finished basement included in the 1,050 sqft living area?
Typically, the listed "living area" refers to above-ground, finished space. The finished basement would be additional square footage, offering extra flexible living or storage space.

3. What are the implications of having no garage?
Buyers should plan for street parking or consider the cost and feasibility of adding a driveway and garage or shed, which the large lot size could easily accommodate.

4. Given the home's age, what should I be prepared for?
A 1959 home will likely require updates to major systems like plumbing, electrical, or windows. A thorough inspection is essential to budget for necessary modernizations while appreciating the character.

5. Why is the assessed value a consideration?
The municipal assessment provides a baseline for property taxes. Understanding that it’s often below market value is important; the sale price will be determined by current demand, the unique lot size, and the home's condition.