Property Summary: 643 Harstone Road
Key Characteristics & Appeal
This two-storey home, built in 1950, sits on an exceptionally large, mature lot of over 13,000 square feet in Winnipeg's Eric Coy neighbourhood. Its primary appeal lies in the rare combination of generous indoor and outdoor space. With 1,680 sqft of living area and a finished basement, the house offers ample room for a family, while the vast yard presents a blank canvas for gardening, recreation, or future expansion.
The property’s value is strongly rooted in its land and established location. It ranks in the top 3% of Winnipeg for lot size and top 15% for assessed value, indicating a premium, well-regarded parcel. The home itself, while older, offers a functional layout that ranks above average in size for its immediate area. This property would best suit a buyer who prioritizes land and long-term potential over a modern, turn-key home. It's ideal for someone seeking space for children or hobbies, who values privacy and established trees, and who is comfortable with a home that may require updates over time to match its premium lot.
Frequently Asked Questions
1. What does the ranking data actually tell me?
The rankings show the property is a standout for its lot size and overall value city-wide, but is more average within its own neighbourhood. This suggests you're buying into a solid, established area with the bonus of one of the larger properties in Winnipeg.
2. The house was built in 1950. What should I budget for?
While the basement is finished, a home of this age will likely need careful attention to major systems. Budgeting for potential updates to the roof, windows, plumbing, or electrical is prudent. A thorough inspection is essential.
3. There's no garage. Is adding one feasible?
Given the enormous lot size, adding a garage or workshop is a very realistic possibility, subject to local zoning bylaws. The lot provides a major opportunity for this kind of enhancement.
4. Is the finished basement a legal suite?
The description notes a finished basement but does not specify a legal secondary suite. You would need to verify its compliance with local regulations if considering rental income.
5. Why is the land value so dominant here?
The assessment and rankings highlight that a significant portion of the property's value is in the land itself. This can mean stability and long-term appreciation, but also that the existing house may not reflect the full market price—you are largely investing in the location and the potential of the parcel.