Property Overview
This 1970-built bungalow on a large, 7,861 sqft lot offers a blend of space, established character, and a strong value position within Winnipeg. Its key appeal lies in its generous living area and lot size, which are both well above average for the city. With 1,700 sqft of finished living space that includes a developed basement, the home provides practical, single-level living with ample room for a family or for hosting. The property’s standout feature is its land—a sizable, private yard that is a rarity in many newer subdivisions and offers significant potential for gardening, recreation, or future expansion.
The home suits buyers looking for a grounded, long-term home in an established neighbourhood. It’s ideal for those who prioritize indoor and outdoor space over a brand-new build, and for value-conscious buyers who see the merit in a property that already ranks highly in assessments and square footage city-wide. It’s a practical choice for families, or for anyone seeking a manageable bungalow layout with the bonus of a finished lower level for extra living or recreational space.
Frequently Asked Questions
1. How does the age of the home (built in 1970) factor into its value?
While the build date places it in the older half of homes locally, the property’s above-average size in both living area and lot significantly offsets this. The key consideration will be the condition and age of major systems (like roof, windows, furnace), which is typical for any home of this vintage, but the large lot and finished space provide a solid foundation of value.
2. The lot is large. What are the implications?
A nearly 8,000 sqft lot offers excellent privacy, space for outdoor activities, and future potential (like a garden suite, subject to zoning approvals). It also means slightly more maintenance than a standard lot, but provides a level of openness that is increasingly hard to find.
3. What do the provided rankings actually mean for a buyer?
They show the home’s competitive standing. Ranking in the top 20% of Winnipeg for both living area and assessed value indicates a property that is fundamentally larger and valued higher than most in the city. This suggests a strong intrinsic value based on tangible metrics, not just neighbourhood trends.
4. Who is this home not ideally suited for?
It may not suit buyers seeking a modern, open-concept layout without any renovation work, or those who prefer a brand-new, low-maintenance property. The charm and value here are in the space and land, which may come with the typical update projects of an established home.
5. Is the finished basement included in the 1,700 sqft living area?
Typically, municipal living area (sqft) refers to above-grade space. The 1,700 sqft figure likely represents the main and upper floors, with the developed basement providing additional, separate living space. This is a significant bonus, effectively increasing the usable square footage well beyond the official number.