This property is defined by its rare combination of a substantial, mature lot and a classic, well-maintained home. Its primary appeal lies in the exceptional 31,246 sqft lot, placing it in the top 1% of properties in Winnipeg for land size. The one-and-three-quarter storey house, built in 1939, offers 1,296 sqft of living space. While the home itself is modest in size and older in age, the true value is in the land and potential. It features a split garage and is situated in the Eric Coy neighbourhood.
The property suits two distinct types of buyers. First, it's ideal for a long-term visionary or hobbyist who values immense outdoor space for gardens, recreation, or future projects, and appreciates the character of a historic home they can update over time. Second, it presents a clear opportunity for developers or investors, given the lot's size and ranking, which may allow for subdivision or rebuilding, subject to municipal approvals.
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What does the assessment value indicate?
The city's assessed value is notably lower than the asking price. This typically reflects the municipality's valuation for tax purposes, which often lags behind market rates, especially for unique properties where the value is heavily tied to land potential rather than the existing structure.
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Is the lot subdividable?
This is the most critical question. While the lot size is highly unusual and suggests potential, any subdivision would require a thorough review of Winnipeg's zoning bylaws, development plans, and utility access. A buyer must consult with the city planning department.
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What are the implications of the home's age?
Built in 1939, the house likely has older mechanical systems (plumbing, wiring, heating) and may require updates for modern efficiency and comfort. A thorough inspection is essential to understand the condition and plan for any necessary renovations or maintenance.
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Who is the typical buyer in this area?
With the property ranking in the top 4% of its community for lot size but in the top 98% for age (meaning it's one of the older homes), the neighbourhood likely has a mix of original, well-established homes and newer developments. This can indicate a stable, evolving area.
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Why is the living space ranking lower than the lot ranking?
This highlights the property's unique profile. The house is average in size for the city, but the lot is extraordinary. This disconnect is what creates both its character-home appeal and its redevelopment potential, setting it apart from standard listings.