Property Summary: 700 Haney Street, Winnipeg
Key Characteristics & Appeal
This 1984-built, one-storey home in Elmhurst sits on a large, approximately 5,900 sqft lot, offering more outdoor space than most properties in its immediate area. With 970 sqft of living space, an unfinished basement, and an attached garage, it presents a straightforward, functional layout. Its core appeal lies in its value as a land-owning proposition in a mature neighbourhood. The house itself is modest in size and ranking for living area, but the lot size is a significant asset, providing room for gardening, play, or future expansion. The property’s assessed value positions it as a mid-range option citywide.
It would suit first-time buyers or downsizers looking for an entry point into a settled community without a premium price tag, particularly those who value private outdoor space over a large interior. The unfinished basement offers potential for customization, appealing to buyers with renovation plans. A less obvious perspective is its appeal to a value-conscious buyer who sees the dated but functional condition as an opportunity—there’s no premium paid for recent cosmetic updates, allowing for personalization over time.
Frequently Asked Questions
1. What is the true standout feature of this property?
While the house is a standard bungalow, the nearly 6,000 sqft lot is the standout. It offers a level of outdoor privacy and space that is becoming rarer in mature neighbourhoods, providing long-term utility and potential.
2. How should I interpret the competitive rankings provided?
The rankings show the property’s position relative to nearby homes. Notably, it ranks highly for its large lot size but lower for its living area. This highlights its profile: a property where the land is a greater asset than the current interior square footage.
3. Who is this house not well-suited for?
It would not suit buyers seeking a modern, move-in-ready home without any projects, or those who prioritize a large, updated interior space over yard size. The unfinished basement also requires additional investment to be fully utilized.
4. What does the assessment value tell me about the price?
The municipal assessment of $351,000 is a valuation for tax purposes, not a market price. It indicates the home is considered of average value citywide, but the final sale price will be determined by current market conditions, buyer demand, and the property’s specific appeal.
5. What are the practical implications of the home’s age?
Built in 1984, major components like the roof, windows, and mechanical systems (furnace, water heater) are likely at or beyond their typical service life. A thorough inspection is crucial to understand any upcoming maintenance or replacement costs, which should be factored into the overall budget.