Property Overview
This one-storey home at 105 Winston Road in Winnipeg's Bruce Park neighborhood presents a unique opportunity centered on its land and location. Built in 1944, the house itself is modest at 896 sqft of living space, which is notably smaller than most in the area. Its key appeal lies in its generous 4,505 sqft lot, which ranks in the top 9% for size on its street, and its renovated basement. The property suits a specific buyer: someone looking for a solid footprint in a central neighborhood who is comfortable with a smaller, older home, perhaps as a starter home, a downsizing option, or a strategic land purchase. Its value proposition is less about move-in-ready grandeur and more about potential—whether that's for future expansion, outdoor living, or simply securing a well-sized lot in a established area.
Key Considerations & FAQs
1. What is the true appeal of this property?
The primary appeal is the combination of a larger-than-average lot for the street and a renovated basement. The lot offers valuable outdoor space and future potential in a neighborhood where land is finite.
2. The house seems quite small. Is it a teardown?
Not necessarily. While the living area is below average, the presence of a renovated basement suggests the current configuration is livable. It could be a candidate for a significant main-floor addition in the future, thanks to the lot size.
3. How does the assessed value relate to the likely selling price?
The assessed value is a municipal figure for tax purposes and can differ significantly from market value. The last known sale was in 2016 for $282,000. A current market evaluation is essential, as prices have changed considerably since then.
4. What are the less obvious things to consider?
Consider the "blank canvas" aspect. The smaller home on a good lot allows you to shape the property over time without paying a premium for a fully finished, larger house. Also, as one of the newer homes on its street (built 1944 vs. an average of 1934), some major aging components may have been addressed later than neighbors'.
5. Who would this property not suit?
It would not suit buyers seeking a large, modern, turn-key home with ample interior space. It also may not fit those unwilling to take on maintenance or updates common to an 80-year-old structure, despite the basement renovation.