Property Overview: 707 Harstone Road, Winnipeg
Key Characteristics & Appeal
This is a spacious, well-established property in Winnipeg's Eric Coy neighborhood, built in 1972. Its primary appeal lies in its exceptional land size—nearly 18,000 square feet—which places it in the top 2% of all properties in Winnipeg for lot size. This offers rare potential for privacy, gardening, expansion, or simply enjoying generous outdoor space. The home itself is a 1,433 sqft bungalow with a finished basement and an attached garage, presenting a practical and solid layout.
The property's value is underscored by strong relative rankings: it surpasses over 98% of Winnipeg homes for lot size and over 86% for assessed value within the city. While the home is over 50 years old, it ranks as newer than 80% of homes on its own street, suggesting a well-maintained character in a mature setting.
This home would best suit buyers who prioritize land over a brand-new build. It’s ideal for those seeking a quiet retreat with room to breathe, for families wanting ample yard space, or for value-oriented buyers looking at a property with metrics that stand out significantly in the broader market. It represents an opportunity to own an asset where the land itself is a major component of the value.
Frequently Asked Questions
1. What does the "ranking" data actually mean?
The rankings compare this property against others on its street, in the Eric Coy community, and across all of Winnipeg for specific metrics (like lot size, age, value). For example, being in the "top 2%" for lot size in Winnipeg means only 2% of properties have a larger lot, highlighting a key advantage.
2. Is the nearly 18,000 sqft lot a typical size?
No, it is highly atypical for the city. This lot size is a defining feature, offering possibilities far beyond a standard residential yard and contributing significantly to the property's assessed value and appeal.
3. What are the considerations with a home built in 1972?
While the structure is mature, its ranking as newer than most on its street is positive. Buyers should plan for a standard inspection focused on aging components like the roof, windows, and major systems (heating, electrical, plumbing) which may be original or updated.
4. How does the finished basement impact the living space?
The finished basement adds flexible living area to the 1,433 sqft main floor, which could be used for recreation, guests, or a home office. It’s important to clarify the finish quality, ceiling height, and whether it includes a separate entrance or bathroom.
5. Why is the assessed value ranking higher than the size or age rankings?
The assessed value reflects the market valuation of the entire property package—the large lot plus the house. The high value ranking (top 14% in Winnipeg) indicates that the combination of the substantial land and the livable home is assessed more favorably than most properties, even those that might be newer or have more interior space on a standard lot.