Property Overview: 51 Stormont Drive
Key Characteristics & Appeal
This two-storey home, built in 1991, sits on an exceptionally large, private lot that is its most defining feature. With over 42,000 square feet of land, the property ranks within the top 1% city-wide for lot size, offering a rare sense of space and potential in Winnipeg. The house itself is spacious at over 2,600 square feet of living area (placing it in the top 2% city-wide) and includes practical updates like a renovated basement and an attached garage.
The primary appeal lies in the unique combination of a very large, established lot with a solid, modern-enough home that provides ample room for a family. It’s a property for buyers who value privacy, outdoor space for gardens, recreation, or future expansion over a brand-new build. The 1991 construction means major systems are likely more contemporary than in many older character homes, but the lot has had decades to mature. It would suit a family looking for a long-term home with room to grow, or a buyer who sees the land itself as the key asset—whether for its tranquility, gardening potential, or future development possibilities (subject to zoning).
A thoughtful perspective is that while the home’s metrics are strong against the whole city, they are more average within its immediate, desirable neighbourhood (Cloutier Drive). This suggests you are buying into a consistent, established area rather than an outlier property, with the lot size being the standout advantage. The sale history indicates a significant increase in value since 2019, pointing to strong market recognition of these qualities.
Frequently Asked Questions
1. What does the "Elite" or "Top 1%" ranking for land area actually mean?
It means the lot size of 42,075 sq ft is larger than 99% of all residential properties in Winnipeg, offering an unusual amount of private outdoor space compared to the city average of about 6,570 sq ft.
2. Is the house outdated, given it was built in 1991?
While not new, a 1991 build is newer than the Winnipeg city average (1966). It represents a period of modern construction standards without being a dated "retro" home. The renovated basement indicates some updates have been made.
3. Who would this property not suit?
It may not suit those seeking a ultra-modern, turn-key home, as some updates may be desired. It’s also likely not for buyers who prefer a low-maintenance yard, as a lot of this size requires more upkeep.
4. The assessed value is listed at $84.80k, but it sold for $67.80k in 2019. Which figure is relevant?
The assessed value is for municipal tax purposes. The 2019 sale price is a historical data point showing past market value. The current market value would be determined by recent comparable sales and present market conditions.
5. How does this home compare to others on the same street?
Its lot size is above average for Stormont Drive, while the living space and assessed value are around the street average. This positions it as a home with a superior lot among peers of similar house size.