Property Overview
This is a substantial, modern two-storey home in Winnipeg, built in 2021. Its primary appeal lies in the combination of a large, nearly 20,000 sqft lot and a spacious, newly constructed 3,518 sqft residence with a finished basement. The property ranks exceptionally well across key metrics, placing in the top 1-2% of Winnipeg for lot size, living space, and assessed value, indicating a premium offering within the market. It suits buyers seeking a turnkey, low-maintenance property with significant space, both indoors and out, without the need for immediate updates or renovations. This home would particularly appeal to growing families looking for move-in-ready comfort and room to grow, or to professionals who value modern amenities and a property that stands out statistically in terms of size and newness within the broader city.
A less obvious perspective is the value of its "newness" within an established area; it offers the benefits of contemporary building standards, energy efficiency, and modern layouts on a mature lot, potentially providing the best of both worlds. Furthermore, its top-tier rankings suggest it is not just a large home, but a notably above-average asset in its locale, which can be a factor for long-term value retention.
Frequently Asked Questions
1. What is the significance of the property's high rankings?
The rankings show how this home compares to others on its street, in its neighbourhood, and across all of Winnipeg. Being in the top 1% for size and value city-wide indicates it is a substantial and premium property relative to the vast majority of homes in the market.
2. The lot is very large. What are the potential uses or considerations?
A 19,800 sqft lot offers exceptional outdoor space for gardening, recreation, and future additions like a large deck or playset. It also provides a high degree of privacy and separation from neighbours. Buyers should consider the maintenance requirements for a yard of this scale.
3. The home is only 5 years old. What are the advantages?
A 2021 build means major components like the roof, HVAC, windows, and appliances are relatively new and likely under warranty. It also implies modern building codes, energy efficiency, and contemporary floor plans, minimizing immediate repair costs and updates.
4. Why is there such a large difference between the 2017 sale price and the current assessment?
The property was likely purchased as a vacant lot or a teardown in 2017 for $230,000. The current $1.1 million assessment reflects the value of the new, large home that was constructed on the site in 2021, representing the total value of the improved property.
5. What does the "finished basement" include, and is it included in the living area square footage?
Typically, a finished basement adds additional living space such as a rec room, bedrooms, or a home theatre. It's important to note that the listed 3,518 sqft of living area usually refers to above-grade space. The finished basement provides extra, valuable square footage that is not typically included in that main figure.