Property Overview & Key Characteristics
This one-and-a-half storey home on a generous 14,490 sqft lot in Bruce Park presents a compelling blend of space, location, and value. Its primary appeal lies in its exceptional lot size, which ranks in the top 5% of the desirable Bruce Park neighbourhood and the top 2% city-wide, offering rare potential for expansion, gardening, or outdoor living. The 1,671 sqft living area is comfortably above average for both the neighbourhood and Winnipeg. A key feature is the renovated basement, adding valuable finished space. The home’s 1944 build date is typical for the area, and it includes a detached garage.
The property suits buyers looking for a established home with significant land in a prime area. It’s ideal for those who value outdoor space over a brand-new build, and for owner-occupiers or investors who see the value in a lot that outperforms most in the city. The below-average assessed value relative to the street suggests a potential value opportunity, especially when paired with the lot’s elite standing.
Frequently Asked Questions
1. How does the lot size compare practically?
At nearly a third of an acre, the lot is significantly larger than the Winnipeg average (~6,570 sqft). This provides substantial privacy and space that is increasingly rare in mature neighbourhoods.
2. The assessed value seems low for the area. Why?
The assessment is below the street average but above the neighbourhood average. This can sometimes reflect the home's specific characteristics or interior condition compared to neighbours, highlighting the value of the land itself.
3. What does "renovated basement" typically mean here?
While specifics aren't listed, in a 1944 home this often means updated essentials like flooring, walls, and lighting to create a livable, functional space. It’s wise to inquire about the scope, permits, and moisture control.
4. Is the older build year a concern?
The 1944 build is typical for Bruce Park. It suggests classic construction but necessitates thorough inspections for systems like wiring, plumbing, and the roof, which may have been updated over time.
5. Who would this property not suit?
Buyers seeking a modern, low-maintenance home or those prioritizing a large, brand-new interior might find the project potential or upkeep of an 80-year-old home less appealing, despite the excellent lot.