Property Overview: 2176 Portage Avenue, Winnipeg
Key Characteristics & Appeal
This is a distinctive, one-and-a-half storey home in Birchwood, built in 1947, that stands out for its exceptional lot size and generous living space. Its primary appeal lies in the rare combination of a massive, nearly 28,000 sqft lot—ranking in the top 2% of the neighbourhood—and a spacious 3,150 sqft interior, the largest on its street. The home features an attached garage and a renovated basement. While the house itself is older, the significant land parcel offers tremendous potential. The property would suit buyers looking for a project with a future-focused vision: those who value space and privacy over a modern build, and who see the value in land as a long-term asset. It’s ideal for someone comfortable with the character of an older home but excited by the possibilities of extensive outdoor space, potential expansions, or future redevelopment. The recent sale close to the assessed value suggests a stable, grounded investment in a well-established area.
Frequently Asked Questions
1. What does the "ranking" data actually mean for a buyer?
The rankings show how this property compares to others in its immediate area. For example, its lot size is in the top 1% city-wide, meaning it's exceptionally large. Conversely, its year of build is older than most in Winnipeg, indicating the structure itself will likely require updates or maintenance.
2. The house is from 1947. What should I expect?
While specific condition details aren't provided here, a home of this age typically requires a thorough inspection. Key considerations would be the state of major systems (plumbing, electrical, roof), the quality and scope of the basement renovation, and potential insulation or efficiency updates. Its classic "one & 1/2 storey" design often offers charming layouts but may have smaller, compartmentalized rooms.
3. How significant is the lot size, practically?
A 27,840 sqft lot (over half an acre) is very uncommon in the city. This isn't just a big yard; it provides privacy, space for large gardens, recreational areas, and significant flexibility. It’s the property's most defining and valuable asset, offering options that simply don't exist on standard lots.
4. Why is the assessed value relatively low compared to the living area and lot size?
Municipal assessments primarily reflect market value for taxation and often lag behind rapid market shifts. A lower assessment on such a large parcel can also indicate that the land's potential value isn't fully captured, especially if the existing structure is considered older. The recent sale price being slightly above assessment is a more current market indicator.
5. What type of neighbourhood is Birchwood?
The data shows the property ranks highly within Birchwood for lot size and living area, suggesting it's among the larger, more substantial properties in the area. This indicates a neighbourhood with a mix of home sizes and values, where this property sits at the upper end in terms of its physical footprint and space.