This home at 767 Charleswood Road is defined by its exceptional lot size and a sense of established privacy. Sitting on just over an acre of land (46,357 sqft), the property ranks in the top tier for lot size within its street, neighbourhood, and the entire city. The house itself is a renovated one-storey bungalow built in 1962, featuring 1,816 sqft of living space and a renovated basement. Its detached garage and lack of a pool point to a practical, low-maintenance exterior focus. The appeal here is squarely for the buyer who values expansive outdoor space, renovation potential, and privacy above all else. It would perfectly suit someone looking for a rural-like setting within city limits—perhaps a family desiring room for children or pets to roam, a hobbyist or gardener craving space for projects, or a buyer planning future expansion or building. The very low assessed value relative to the land size suggests the primary value is in the property itself, not the existing structure, making it a compelling canvas.
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Why is the assessed value so much lower than one might expect for such a large lot?
This is common when the land value is high but the existing home is older and more modest in comparison. The assessment reflects the current state, highlighting that the property's immense value lies in its development potential rather than its finished condition.
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What does the "renovated basement" entail?
While noted as renovated, specifics on finish quality, layout, moisture control, and legal egress are essential to request. A renovation can range from a modern living space to a more basic finishing job.
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Is the property suitable for subdividing or adding secondary structures?
With over an acre, this is a logical question. Any plans would be subject to City of Winnipeg zoning bylaws, which dictate minimum lot sizes, setback requirements, and permissible building types. A pre-purchase inquiry with the city's planning department is highly advisable.
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How does the 2017 sale price compare to the current asking price?
The home sold for $332,500 in mid-2017. Understanding the current asking price in that context will reveal the market's perceived appreciation and the seller's valuation of any updates made since that last sale.
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What are the annual property taxes?
With an assessed value of $60,800, the taxes will be calculated based on the City's mill rate. Requesting the current annual tax amount provides a clear picture of one of the major ongoing costs of ownership.