Property Overview
This is a modest, one-storey home built in 1909 on a notably large lot in Winnipeg's Dufferin neighbourhood. Its primary appeal lies in the significant land size—over 7,300 square feet—which ranks in the top 5% of the area. This presents a substantial opportunity for expansion, gardening, or future redevelopment. The house itself is compact at 720 sq ft with an unrenovated basement and a detached garage, reflecting its age and condition. The assessed value is very low, both for the street and citywide.
This property is best suited for a specific buyer: an investor, builder, or handy homeowner with a vision for the land itself rather than the existing structure. It’s a classic "value in the lot" scenario, ideal for someone prepared for a renovation or rebuild project. It could also appeal to a buyer seeking minimal property taxes and the freedom to customize a home over time, starting with a small, manageable footprint.
Frequently Asked Questions
1. What does "below average" for living area and assessed value really mean?
It confirms this is a smaller, more basic home compared to most. The living space is less than half the area average, and the assessed value is among the lowest percentiles in the city, indicating a very modest structure.
2. Why is the land area so important for this property?
The lot is exceptionally large for the neighbourhood. This extra space is the key asset, offering potential for a significant addition, a separate workshop or studio, extensive landscaping, or even a future subdivision, subject to zoning.
3. Who would this home not be a good fit for?
It’s likely not suitable for buyers seeking a move-in ready home or who need ample indoor space immediately. The unrenovated basement and compact living area require a willingness to live modestly or invest in renovations.
4. The home sold in late 2022. What does that recent sale indicate?
The previous sale price was consistent with the low assessed value, suggesting a stable, baseline market value for the property in its current condition over the past two years.
5. Are there any hidden costs or considerations?
Given the age (1909) and the note of an unrenovated basement, prospective buyers should budget for potential foundational updates, older wiring or plumbing, and general maintenance inherent to a century-old home. The opportunity here is the land, but the existing structure may require ongoing investment.