Property Summary: 649 Hilton Street, Winnipeg
Key Characteristics & Appeal
This 1967-built, one-storey home sits on a notably large, approximately 9,450 sqft lot in the Eric Coy neighbourhood. Its key features include a fully finished basement, an attached garage, and 1,227 sqft of living space. The primary appeal lies in its exceptional land size, which places it in the top 7% of all properties in Winnipeg for lot dimensions, offering significant space and potential. The home itself presents a practical, single-level layout.
Its value proposition is nuanced. While the assessment value is modest relative to the neighbourhood, the rankings suggest you are purchasing a property with a lot size that is increasingly rare in the city. This home would suit a buyer looking for a solid, no-frills bungalow with outstanding outdoor space—perfect for gardening, expansion, or simply enjoying a large private yard. It’s a practical choice for those who prioritize land over a modern or luxurious interior, seeing the property’s long-term potential and space as its core assets.
Frequently Asked Questions
1. What does the lot size ranking actually mean?
The ranking indicates that this property’s lot is larger than 93% of all residential lots in Winnipeg, making it a standout feature for its space and rarity in the market.
2. Is the house in need of major updates?
Built in 1967, the home is nearly 60 years old. Buyers should anticipate typical maintenance or modernization projects consistent with its age, though the basement is already finished.
3. Why is the assessed value ranking lower than the lot size ranking?
The assessment reflects the current built structure and its market value. The lower ranking suggests the house itself is more modest, while the high lot ranking highlights the land as a separate, valuable asset.
4. What is the Eric Coy neighbourhood like?
Eric Coy is an established, mature community in Winnipeg. The property’s rankings within the neighbourhood show it is fairly typical in terms of living space and age, but its lot size is a distinguishing advantage.
5. Is this a good investment property?
The large lot provides a unique value driver that could support future development or add significant appeal to end-users, potentially offering a different path to value appreciation compared to a standard-sized property.