Property Summary: 641 Hilton Street, Winnipeg
Key Characteristics & Appeal
This is a well-established, single-storey home in the Eric Coy neighbourhood, built in 1970. Its most defining feature is the exceptionally large, approximately 9,400 sqft lot, which places it in the top 7% of all properties in Winnipeg for land size. This offers significant space for gardening, recreation, or future expansion. The home itself is 1,078 sqft with a finished basement and a detached garage.
The appeal lies in a combination of space, value, and established community. While the house is of average size for the area, the lot is a standout asset that provides rarity and potential. The property’s overall assessed value ranks highly city-wide, suggesting a solid foundation of value for the price point. It would suit practical buyers looking for a manageable single-level layout who prioritize outdoor space over a large interior footprint. It’s ideal for someone who sees potential in the land itself—whether for enjoying a generous yard, adding a suite (subject to zoning), or as a long-term investment in a scarce resource: sizable inner-city lots.
Frequently Asked Questions
1. How does the large lot impact property costs?
While offering great potential, a lot this size typically means higher municipal property taxes compared to homes on standard lots, and maintenance (like lawn care or snow clearing) will be more demanding and costly.
2. Is the finished basement a legal suite?
The listing states the basement is finished but does not specify it as a legal secondary suite. A buyer would need to verify its compliance with local zoning and building codes if rental income is a consideration.
3. What does the "rankings" data actually tell me?
The rankings compare this property to others on its street, in Eric Coy, and across Winnipeg. For example, ranking "in the top 7% in Winnipeg" for lot size highlights its rarity. Conversely, rankings for living area show it is more average in interior space for the city.
4. Given the home's age (56 years), what should I budget for?
While systems may have been updated, the age suggests a thorough inspection is crucial. Budgeting for potential updates to major aging components like the roof, windows, or plumbing should be part of your financial planning.
5. Who might this property not suit?
It may not suit buyers seeking a modern, open-concept layout or those unwilling to manage the upkeep of a large yard. The interior living space is modest relative to the land size, so priority is given to outdoor potential over indoor grandeur.