Property Overview: 842 Haney Street
Key Characteristics & Appeal
This is a substantial, well-established family home in Elmhurst, built in 1986. Its primary appeal lies in its generous scale and significant lot size. With 2,378 square feet of living space and a nearly 17,000 square foot lot, the property offers abundant room both inside and out, ranking in the top 5% of its street and top 4% city-wide for size. The home features a finished basement and is a classic two-storey design.
Its standout advantage is the exceptional amount of private outdoor space, which is rare for an in-city property. This isn't just a yard; it's a canvas for gardening, recreation, or future expansion. The home's value is further underscored by its assessment ranking in the top 10% across the community and Winnipeg, indicating a strong and stable investment profile.
This property would best suit buyers who prioritize space and land over brand-new finishes. It's ideal for a growing family seeking room to spread out, for someone with hobbies or projects that require ample yard space, or for a value-conscious buyer looking for a home with solid "good bones" and the potential to customize over time. It appeals to those who understand the trade-off of a 40-year-old home's character and maintenance considerations for the premium of a large, established lot in a mature neighbourhood.
Frequently Asked Questions
1. What does the high ranking for lot size actually mean?
It means this property's land is larger than 97-98% of comparable lots in its immediate community and across Winnipeg. You are getting a significantly more private and spacious outdoor area than is typical.
2. The home is 40 years old. What should I be mindful of?
While systems like the roof, windows, and major mechanicals (furnace, water heater) may have been updated, a pre-purchase inspection is crucial to assess their remaining lifespan and to identify any maintenance inherent to homes of this era.
3. There's no garage. Is that a major drawback?
For some buyers, yes. It means relying on driveway parking and finding alternative storage solutions. However, the vast lot does offer the potential to add a garage or workshop in the future, subject to municipal permits.
4. How does the finished basement add value?
It immediately increases the usable living space, making it suitable for a recreation room, home office, or additional bedrooms. Ensure you understand the quality and legality of the finish during your viewing.
5. The assessment value is lower than the asking price. Why?
Municipal assessments are for taxation purposes and often lag behind the current market. The sale price is determined by what buyers are willing to pay based on recent comparable sales, the home's condition, and current market dynamics.