Property Summary: 667 Hilton Street, Winnipeg
Key Characteristics & Appeal
This property is a well-established, single-storey home in the Eric Coy neighbourhood, built in 1971. Its primary appeal lies in its exceptionally large, private lot of approximately 12,568 square feet—a rare find within the city that ranks in the top 3% of all Winnipeg properties for land size. The home itself is of a practical size at 1,188 sqft, featuring a finished basement and an attached garage. While the house is middle-of-the-road for its immediate area in terms of living space and assessed value, the land itself is the standout asset, offering significant space for gardening, recreation, or future expansion.
This home would best suit a buyer who values private outdoor space over a newly built interior. It’s ideal for those seeking a quiet, grounded setting with room to breathe, such as gardeners, families wanting a large backyard, or someone looking for a property with long-term redevelopment potential. The mature lot provides a sense of established privacy that newer subdivisions often lack. It’s a practical choice for a buyer comfortable with a home from the 1970s, who sees the land as the primary investment and the house as a solid, functional foundation.
Frequently Asked Questions
1. What does the "finished basement" include?
The listing confirms a finished basement but does not specify the rooms or finish quality. A viewing or follow-up with the listing agent is necessary to determine if it includes legal bedrooms, a separate entrance, or the type of living spaces.
2. How does the large lot impact maintenance and costs?
While offering great space, a lot of this size requires more time and expense for lawn care, landscaping, and snow clearing. Prospective buyers should factor in the equipment or service costs needed to maintain it.
3. The assessed value is $423,000. What does this mean for the listing price?
The assessed value is for municipal tax purposes and is not a direct indicator of market value. In Winnipeg, properties often sell above their assessed value. The listing price should be verified, as it will reflect current market conditions.
4. What are the implications of the home's age (55 years)?
A home from 1971 will likely have original or older major systems, like plumbing, electrical, and the roof. A thorough home inspection is crucial to understand the condition and anticipate potential updates or repairs.
5. The rankings show the land size is top 3% in Winnipeg, but the home size is average. What does this signify?
This highlights the property's unique value proposition: the premium is for the land, not the structure. It suggests the home may be a good candidate for significant renovation or eventual replacement to fully capitalize on the lot's potential, making it a strategic long-term property play.