Property Overview & Key Characteristics
This is a distinctive property whose primary appeal lies in its exceptionally large, private lot of over half an acre (22,840 sqft) in a well-established neighbourhood. The home itself is a modest 960 sqft one-storey bungalow from 1961, featuring a finished basement and a detached garage. Its standout characteristic is the land, which ranks in the top 1% for size across all of Winnipeg, offering rare potential for expansion, gardening, or simply enjoying expansive green space within the city.
The property suits two main types of buyers. First, it's ideal for a visionary owner or builder who sees the land itself as the primary asset, with plans to extensively renovate or eventually replace the existing structure to create a custom home. Second, it appeals to buyers seeking unparalleled outdoor privacy and space over interior square footage, who are comfortable with a home that requires updates. Its value proposition is clear: you are acquiring a premier lot with a liveable house, not a turnkey modern home.
Frequently Asked Questions
1. Is the house in move-in condition?
While liveable, the home is original to its 1961 build. Buyers should anticipate a project, whether that involves cosmetic updates or more significant renovations to modernize the living space.
2. What can be done with such a large lot?
Beyond the obvious benefits of privacy and space, a lot of this size offers flexibility. Potential uses could include adding substantial additions, building a detached workshop or studio (subject to bylaws), or creating extensive landscaped gardens. It’s a canvas for outdoor living.
3. How does the property's value break down?
Given the rankings, a significant portion of the assessed value is tied to the land. The lot ranks in the 99th percentile city-wide, while the house ranks lower for size and age. This indicates you are primarily investing in a premium location and land parcel.
4. What are the implications of the age and rankings?
The home is older, ranking in the bottom half for age in its area. This suggests that while the neighbourhood is mature and established, major systems like roof, plumbing, or wiring may need evaluation or future investment.
5. Who is this property not for?
It is not suited for buyers seeking a modern, low-maintenance home or who prioritize immediate move-in readiness and high-end finishes. It is also likely not ideal for those who view a large yard as a burden rather than an opportunity.