Property Overview: 23 Cambrian Crescent, Winnipeg
Key Characteristics & Appeal
This is a well-established, single-storey home in the Eric Coy neighborhood, built in 1973. Its most defining feature is the exceptionally large, 14,183 sqft lot, which places it in the top 2% of all properties in Winnipeg for land size. The home itself offers 1,120 sqft of living space with a finished basement. While the house ranks moderately in size and assessed value within its immediate area, the property's overwhelming appeal lies in its land. It offers immense space for gardening, recreation, expansion, or simply enjoying private outdoor living—a rarity in the city.
The home would best suit a buyer who values space and potential over turn-key modern finishes. It’s an ideal canvas for someone looking to put their own stamp on a property, whether through renovations, landscaping, or future development (subject to zoning). It also appeals to those seeking a sense of privacy and room to breathe that smaller urban lots cannot provide, making it a strong fit for families, hobbyists, or long-term planners who see the inherent value in the land itself.
Frequently Asked Questions
1. How does such a large lot impact maintenance and costs?
While offering great potential, a lot of this size requires more time and investment for lawn care, landscaping, and snow clearing compared to a standard property. Utility costs and property taxes may also reflect the sizable parcel.
2. The home's rankings for size and value are moderate. What does this indicate?
This suggests the current assessed value is driven more by the land than the structure. It presents an opportunity for buyers who see value in improving the home to match the premium lot, potentially increasing the overall property value significantly.
3. Is the finished basement included in the listed 1,120 sqft living area?
Typically, the main living area (1,120 sqft) and finished basement are listed separately. The 1,120 sqft likely refers to the above-ground footprint. The finished basement provides additional, flexible space.
4. What are the implications of a 1973 build date?
Homes from this era may have original components, like windows, roofing, or electrical systems, that are nearing or due for updates. A thorough inspection is advised to budget for any necessary modernizations alongside the cosmetic updates you may desire.
5. With no garage, what are the options for vehicle parking and storage?
The property likely has a driveway. The vast lot size presents a clear opportunity to add a detached garage or workshop, which would be a valuable addition, though it requires upfront investment and permits.