Property Summary: 721 Harstone Road, Winnipeg
Section 1: Key Characteristics & Appeal
This property is a distinctive offering defined by its exceptionally large, half-acre lot (over 20,000 sqft) in the Eric Coy neighborhood. The home itself is a classic 1960s one-storey bungalow with 1,275 sqft of living space, a finished basement, a split garage, and a notable private swimming pool. Its primary appeal lies in the rare combination of a massive, private urban yard with recreational amenities, all within the established, family-friendly community of Eric Coy.
The appeal is multifaceted. For families or entertainers, the pool and vast green space are major lifestyle assets. For future-minded buyers, the lot itself represents significant potential; it is large enough to contemplate additions, a garden suite (subject to bylaws), or simply enjoying unparalleled space and privacy for an inner-city property. The home ranks in the top 1% in Winnipeg for lot size, offering a "country-like" feel within city limits.
This home would best suit buyers who value land and outdoor living space over a large or modernized house. It’s ideal for those seeking a project—whether that’s updating the 1960s bungalow over time or fully leveraging the lot's potential. It also perfectly matches a buyer looking for a turnkey summer oasis with the pool and ample room for pets, children, and gatherings. The strong rankings for lot size and value in its community and city-wide suggest a property with enduring, land-based value.
Section 2: Frequently Asked Questions
1. What is the true value of such a large lot?
Beyond privacy and space, a lot of this size (over 20,000 sqft) is a scarce commodity in Winnipeg. It provides options from extensive gardening to potential future development, making it a long-term asset that typically appreciates independently of the home itself.
2. How does the age of the home (built 1960) impact this purchase?
The 1960s construction means buyers should budget for updates to major systems like plumbing, electrical, or the roof, and expect a classic bungalow layout. However, the home's condition appears solid given its recent sale in 2020 and its assessed value holding strong above the city average.
3. What are the ongoing costs associated with the swimming pool?
Prospective buyers should factor in significant seasonal maintenance, higher summer utility bills for heating and filtration, insurance implications, and the cost of professional opening/closing. It's a premium amenity with recurring expenses.
4. The home's size (1,275 sqft) ranks lower than its lot size. Is the living space sufficient?
The living space is average for the area but is supplemented by the finished basement, providing additional flexible space. The property's premise is that the expansive outdoor area effectively becomes additional "living space" for much of the year.
5. How does the 2020 sale price compare to the current assessment?
The home sold for $431,000 in late 2020, and its current municipal assessment is $440,000. This close alignment suggests a stable market value, with the assessment reflecting the strong worth of the land and improvements in the current market.