Property Summary: 635 Hilton Street, Winnipeg
Key Characteristics & Appeal
This is a well-situated, classic one-storey home in the Eric Coy neighbourhood, built in 1940. Its primary appeal lies in its exceptionally large, private lot of nearly 9,500 sqft—a rarity that offers significant outdoor space and potential in a city setting. The home itself is modest at 936 sqft of living space and features a finished basement and a detached garage. While the house ranks lower locally for its age and size, its lot size and overall assessed value place it in the top 7% and top 58% city-wide, respectively, indicating the land itself is a major asset. This property would perfectly suit a buyer looking for a starter home or downsizing option with a huge yard for gardening, pets, or future expansion. It’s also a compelling opportunity for a value-conscious investor or renovator who sees the underlying potential in the substantial land parcel, willing to update the existing structure over time.
Frequently Asked Questions
1. What is the true draw of this property?
Beyond the home itself, the standout feature is the lot. At over 9,400 sqft, it offers an unusual amount of private outdoor space for the area, providing room for additions, a large garden, or recreational space that is hard to find in the city.
2. The house ranks low in the neighbourhood for size and age. Is this a concern?
These rankings reflect the home's original 1940s build and modest footprint. They highlight that the value proposition here is different: you are primarily investing in the land. The house presents a solid, livable foundation with update potential, but the lot is the key appreciating asset.
3. Who is the most likely buyer for this home?
It's ideal for a first-time buyer or retiree seeking single-level living without sacrificing yard space. It also appeals to a practical buyer with renovation skills or long-term vision, who can enhance the home while holding a large, valuable piece of land.
4. What should I consider about a home from 1940?
While offering charm and sturdy construction, a home of this age will likely need updates to mechanical systems (like plumbing and electrical) and insulation to meet modern efficiency standards. A thorough inspection is essential to plan for any necessary investments.
5. How does the finished basement add value?
It effectively increases the usable living area beyond the 936 sqft main floor, providing flexible space for a family room, home office, or additional storage. This makes the home feel more spacious than the main square footage suggests.