Property Overview: 547 Harstone Road
Key Characteristics & Appeal
This is a distinctive, single-storey home in Winnipeg's Eric Coy neighbourhood, built in 1964. Its most defining feature is the exceptionally large, private lot of over 27,600 square feet—a rare find that places it in the top 1% of properties in Winnipeg for land size. The home itself offers 1,104 sqft of living space and includes a split garage, an unspoiled basement awaiting your vision, and the unique addition of a swimming pool.
The primary appeal lies in the unparalleled potential of the land. It offers immense privacy and space for extensive gardens, recreation, or future expansion. While the house is of a comfortable size and maintained, its true value is as a canvas. It perfectly suits a buyer who sees beyond the existing structure—someone seeking a tranquil retreat within the city, a hobbyist or gardener craving space, or a long-term planner interested in the possibility of redevelopment or adding a significant addition. It’s a property for those who prioritize land over lavish finishes and are prepared for a home that may require updates to match its spectacular setting.
Frequently Asked Questions
1. What is the condition of the swimming pool?
The listing confirms the presence of a pool but does not specify its current operational condition. A professional inspection would be essential to determine if it is season-ready, requires refurbishment, or represents an opportunity for repurposing the space.
2. Why is the assessed value relatively moderate compared to the lot size?
The municipal assessment reflects a combination of the home's age, size, and finishes. The significant land value may not be fully proportioned in the assessment, which is common for older homes on large lots, often presenting a perceived value opportunity for buyers.
3. What are the possibilities for the unfinished basement?
The basement is a blank slate with significant potential. Given the home's single-storey design, it could be developed to add substantial living space, such as additional bedrooms, a family room, or a dedicated workshop, effectively doubling the home's usable area.
4. Is the large lot a maintenance burden or an asset?
This depends entirely on the buyer's perspective. It requires more upkeep for lawns and landscaping but offers unmatched privacy, space for activities, and future flexibility. It could also be partially managed in a more naturalized state to reduce maintenance.
5. How does the home's age and ranking affect insurance or renovation plans?
Built in 1964, some systems may be original or dated. Insurance providers may require specific inspections (like plumbing or electrical). Renovations are certainly possible and could greatly enhance livability, but plans should account for potential updates needed to meet current building codes.