Property Overview & Appeal
This home presents a unique blend of character and space, anchored by its generous 10,894 sqft lot—a rare find that places it in the top 5% of Winnipeg for land size. The one-and-a-half storey house, built in 1938, offers 1,412 sqft of living space with an unfinished basement and a detached garage. Its primary appeal lies not in modern finishes, but in its substantial grounds and potential. The property ranks highly for lot size within its community and city-wide, suggesting a premium outdoor space for gardens, recreation, or future expansion.
It would particularly suit a buyer looking for a project—someone who values space and privacy over turn-key perfection. This could be a hands-on individual seeking to customize a home over time, a family desiring a large yard, or an investor recognizing the value of the land itself. The very low ranking for "newness" underscores that this is a classic property; its charm is rooted in history and possibility rather than contemporary updates.
Key Questions for Consideration
1. What does the "unfinished basement" entail?
This indicates a basement with raw space that has not been developed into living areas. It offers significant storage and mechanical space, but any creation of additional bedrooms, a family room, or a suite would require a full renovation, including insulation, flooring, walls, and compliance with building codes.
2. The assessment value is lower than many might expect; what does this mean?
The municipal assessment is for taxation purposes and often lags behind market value. A lower assessment can mean relatively lower property taxes, which is a financial positive. However, it primarily reflects the city's valuation formula, which heavily weighs the home's age and condition, not necessarily the premium value of the large lot.
3. How significant is the lot size, really?
At nearly a quarter-acre, this lot is exceptionally large for the city. This isn't just about a big backyard; it provides privacy, room for additions like a workshop or large deck, and a sense of openness uncommon in urban settings. It's a long-term asset that is increasingly scarce.
4. What are the implications of a 1938 build date?
This classic construction offers solid craftsmanship but comes with expectations. Buyers should budget for potential updates to older electrical, plumbing, or insulation systems. The character of the home is a feature, but maintaining a near-century-old structure requires a different mindset than owning a newer build.
5. Who would this property not suit?
This home is likely not a match for someone seeking a low-maintenance, modern, or immediately move-in ready property. The rankings indicate it requires a vision and willingness to invest time and resources. It also may not suit those who prioritize high interior square footage over expansive outdoor space.