Property Overview: 399 St Charles Street, Winnipeg
Section 1: Key Characteristics & Appeal
This well-situated one-storey home in Glendale presents a compelling opportunity centered on its land and location. Its key characteristic is an exceptionally large lot of over 10,000 sq ft, which places it in the top 5-9% of properties in the local area. This generous outdoor space is the standout feature, offering rare potential for expansion, gardening, or recreation. The house itself, built in 1961, is of average size for the neighborhood at 1,083 sq ft and includes a renovated basement and both attached and detached garage space, providing good utility and storage.
The appeal lies in a balance of established community and future potential. While the living space is functional, the true value is in the land itself—a sizable parcel in a mature area that is increasingly rare. It suits two primary types of buyers: those looking for a solid starter or retirement home with ample yard space for hobbies or family, and visionaries or builders who see the underlying value in the lot for future renovation or redevelopment. It’s a property where you are buying as much for what it could be as for what it currently is.
Section 2: Frequently Asked Questions
1. Is the assessed value a reliable indicator of the market price?
Not directly. The assessed value is for municipal tax purposes. This home’s assessed value is above average for its street but around average city-wide. The last known sold price range (2022) and current market conditions will be more relevant for determining its listing or purchase price.
2. What does having both an attached and detached garage mean for me?
This offers significant flexibility. It provides ample space for vehicle storage, workshops, or hobbies separate from the main house. For some, it could even create potential for a small home business or additional storage for recreational vehicles.
3. The lot is large, but are there any restrictions on what I can build?
This is a crucial question. Any plans for significant additions, a new structure, or a rebuild would require checking with the City of Winnipeg’s zoning bylaws and planning department to understand setbacks, permissible building coverage, and heritage or design guidelines that may apply in this established neighborhood.
4. The home’s living area is average for the area. Is it dated?
The listing specifically notes a renovated basement, suggesting some updates have been made. The condition of the main floor (kitchen, bathroom, systems) would need verification through a viewing and inspection, which is typical for a home from the 1960s.
5. How does this property compare to the brand-new home referenced at 427 St Charles?
They represent different propositions. The new build (2020) is larger and has a higher assessed value, reflecting modern construction and finishes. 399 St Charles offers a much larger lot in the same neighborhood at a different price point, appealing to those who prioritize land size and established streetscapes over a new, turn-key home.