Property Overview
This is a distinctive, spacious home on an exceptionally large lot in Winnipeg. Built in 1978, it is a one-storey bungalow featuring an attached garage and a renovated basement. The property last sold in July 2022 for $1.26 million and currently holds an assessed value of $1.17 million.
Its primary appeal lies in its generous scale and elite standing within the city. With over 3,400 square feet of living space, the home is significantly larger than most Winnipeg houses. The nearly 40,000 square foot lot is its most remarkable feature, placing it within the top 1% of all properties citywide for land area. This combination of a large, modernized living space on a vast, private parcel is rare. It suits buyers looking for a premium property with immense privacy, room for expansion, or extensive outdoor amenities like gardens, pools, or recreational spaces. It would also appeal to those seeking a high-caliber home in a mature neighbourhood where the land itself represents a substantial and lasting value.
Frequently Asked Questions
What makes the lot size so significant?
At 39,150 sqft (roughly 0.9 acres), the lot is not just big for the street or area—it is among the largest 1% of all residential lots in Winnipeg. This offers unparalleled privacy, potential for additions, and space for extensive landscaping or outdoor living features that are simply not available in typical subdivisions.
Is the home's 1978 build date a concern?
The year built is around the average for its immediate area and citywide. While the home is not new, the key updated feature is the renovated basement. Buyers should focus on the condition of major systems (roof, HVAC, plumbing) and consider that the generous living space and floor plan are classic benefits of this era.
How does the assessed value relate to the last sale price?
The current assessed value ($1.17M) is slightly below the July 2022 sale price ($1.26M). This is not unusual, as municipal assessments for tax purposes often lag behind market fluctuations. The assessment confirms the property's high-value status, but the current market will ultimately determine its selling price.
Who would this property ideally suit?
It is ideal for buyers who prioritize space and privacy over a brand-new build. It would suit multi-generational families (especially with a renovated basement), entertainers, hobbyists needing workshop or outdoor space, or those viewing the land itself as a long-term asset. It's for a buyer seeking an established, premium property rather than a modern tract home.
What is less obvious about the value here?
Beyond the sheer size, the property's value is anchored by its elite standing in multiple categories—land, living space, and value—within the city. This isn't just a big house on a big lot; it's a property that ranks in the top tier of Winnipeg's entire housing market, which can provide a different level of stability and prestige compared to simply being the largest home on a block of newer subdivisions.