Property Summary: 439 St Charles Street, Winnipeg
Section 1: Key Characteristics & Appeal
This one-and-a-half storey home in Glendale is defined by a rare and valuable combination: a generous, renovated living space on an exceptionally large lot. Its primary appeal lies in its significant land area of nearly 12,000 sqft, which ranks in the top 1-4% compared to homes on its street, in the neighbourhood, and citywide. This offers immense potential for gardening, recreation, expansion, or simply enjoying private outdoor space—a standout feature in today’s market.
The 2,105 sqft living area is well above average for the local area, providing ample room for a family. The home includes a renovated basement and an attached garage. While the 1950 build date is older than most comparable properties, this is balanced by the updated basement and the unique lot size. Recent sold price history indicates strong, above-average value retention for the area.
This property would best suit buyers who prioritize land and space over a newer build. It’s ideal for a family seeking room to grow outdoors, a multi-generational household with future expansion in mind, or a buyer who views the lot itself as the primary long-term asset, with the existing home as a solid foundation.
Section 2: Frequently Asked Questions
1. Is the lot size typical for Glendale?
No, it is exceptional. At 11,923 sqft, it is nearly double the average lot size for the neighbourhood and ranks in the elite top 2% in Glendale.
2. The home was built in 1950. What should I consider?
While the basement has been renovated, the main structure is older than about 85% of homes on the street. A thorough inspection is recommended to understand the condition of major systems (roof, wiring, plumbing) typical of its era, balanced against the character and established neighbourhood it offers.
3. How does its value compare to recent sales?
Based on available data, its last sold price in 2023 was in the top 5-11% for the street, suggesting it commands a premium, likely attributable to its large lot and above-average living space.
4. What is the potential for this property?
The oversized lot is the key asset. Beyond the renovated interior, the land offers clear potential for additions like a large garage, workshop, or garden suite (subject to zoning approvals), or simply remains as a private, park-like setting.
5. The assessed value seems lower than some nearby homes. Why?
Municipal assessed value for taxation purposes doesn't always directly correlate with market value, which is influenced by recent sales, condition, and unique features. This home’s assessed value is above average for the street, but its market price is likely driven higher by the premium lot size and recent renovations, as seen in its 2023 sale price.