Property Overview: 650 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 expansive, nearly 10,000 sqft lot, which places it in the top 6% of all properties in Winnipeg for land size. This offers exceptional outdoor space for gardening, recreation, or future expansion. The home itself is practical, with 1,211 sqft of living space and a finished basement, providing good functional layout. A split garage adds convenient storage.
The appeal lies in its balance of space and value. While the house is a classic, functional design, the property's true potential is in its generous, private lot—a rarity in the city. It suits buyers looking for a solid, no-frills home with room to breathe and grow. It would be ideal for a family seeking a large backyard, a hobbyist or gardener, or a long-term buyer who values land size over a modernized interior and sees the opportunity to customize over time.
Frequently Asked Questions
1. How does the age of the home affect its condition and potential costs?
Built in 1970, major systems like roofing, plumbing, or electrical may be at or beyond their typical lifespan. A thorough inspection is crucial to budget for any necessary updates or repairs, balancing the attractive land value with potential maintenance.
2. What are the benefits and considerations of such a large lot?
The nearly quarter-acre lot provides outstanding privacy, space for additions like a shed or deck, and room for children or pets. Considerations include higher maintenance (lawn care, snow clearing) and potentially higher property taxes based on land value.
3. The home's rankings show it's older and smaller than many in the area. Is this a concern?
Not necessarily. The rankings indicate this is a more classic property in its immediate vicinity. It suggests the neighbourhood has a mix of older and newer homes. The value proposition here is the land, not leading interior square footage.
4. What does the "finished basement" entail?
The listing confirms the basement is finished but does not specify the extent (e.g., full living space, recreation room, or partial finish). Clarifying the layout, ceiling height, and moisture control would be important to understand its usable space.
5. The assessment value is $430,000. How should I interpret this in relation to the listing price?
The assessed value is for municipal tax purposes and is not a market valuation. It can be a useful benchmark, but the final sale price is determined by current market conditions, the property's unique features (like the large lot), and buyer demand.