Property Overview & Appeal
This is a truly distinctive property in the sought-after Armstrong Point neighbourhood. Its primary appeal lies in the remarkable combination of a grand, historic home on an exceptionally large, private lot. Built in 1907, the two-and-a-half storey residence offers over 6,000 square feet of living space, placing it among the very largest homes in Winnipeg. The nearly half-acre lot (23,001 sq ft) is a rare urban oasis, offering unparalleled space and potential.
The home suits a specific and discerning buyer: someone seeking a legacy property with the space for multi-generational living, grand-scale entertaining, or extensive renovation and customization. Its value proposition is not just the house itself, but the immense land it occupies in a prime, central location. A thoughtful perspective is that while the assessed value is surprisingly low, the recent sale price of $1.2M in 2023 reflects its true market premium for privacy and scale—a premium that standard assessments often don't capture. It's a property for a buyer who values long-term potential and character over modern convenience in a move-in-ready package.
Key Questions & Considerations
1. Why is the assessed value so much lower than the recent sale price?
This is common for unique, high-end heritage properties. Municipal assessments often lag behind market values, especially for homes with rare features like an extremely large lot. The sale price is a clearer indicator of its current market worth.
2. What does the "renovated" basement entail?
The listing notes a renovated basement, but specifics on finish quality, ceiling height, and legal egress are essential to determine if it's suited for comfortable living space, additional suites, or primarily utility and storage.
3. What are the implications of a home built in 1907?
While full of character, prospective buyers should budget for specialized maintenance and potential updates to systems like wiring, plumbing, and insulation. A thorough inspection by a professional familiar with heritage homes is crucial.
4. How does the detached garage and lot size affect future plans?
The large lot and detached garage present opportunities for landscaping, gardens, or even future additions like a coach house (subject to zoning and heritage regulations). It also means higher maintenance for groundskeeping.
5. The home is among the largest in the city. What are the ongoing costs?
Utility bills, property taxes (based on the sale price, not the assessment), and insurance for a home of this size and age will be significant. These operational costs are an important part of long-term budgeting.