Property Overview
This two-storey home at 27 Heritage Boulevard in Winnipeg's Heritage Park neighbourhood presents a compelling mix of space, location, and value. Its key appeal lies in its generous proportions, both indoors and out, set within a well-established community.
Key Characteristics & Appeal
The home's most standout feature is its expansive, private lot. At nearly 11,000 square feet, the land size is in the elite top 3-5% for the street, neighbourhood, and city, offering rare potential for gardening, recreation, or future expansion. Complementing this is a living area of 1,696 sqft, which is notably larger than most comparable homes on the street and in the area. The property includes an attached garage and a renovated basement, adding functional living space.
Built in 1964, the home is older than many on its street, which may appeal to buyers who appreciate classic construction and mature landscapes, but it also suggests that updates to major systems or interiors could be a consideration. The assessed value is strong for the immediate street, indicating the municipality recognizes its relative worth.
This property would suit a buyer looking for a spacious family home with a large yard in a settled neighbourhood. It’s ideal for those who prioritize indoor and outdoor space over a brand-new build and are possibly looking for a property where they can add their own updates over time. The data suggests you are paying a premium for land and living space rather than a recently built structure.
Frequently Asked Questions
1. How does the sold price from 2024 relate to the current assessed value?
The home sold for between $444,500 and $475,000 in late 2024. Its current assessed value is $385,000. It's important to remember that assessed value is for municipal tax purposes and often lags behind the current market, which is influenced by recent sale prices, condition, and buyer demand.
2. What does the "Elite" ranking for land area practically mean for me?
Ranking in the top 5% city-wide for lot size is significant. It means you will have one of the largest private yards available, offering more privacy, space for activities, and fewer constraints from neighbouring properties compared to a standard lot.
3. The home is noted as older than most on the street. What should I investigate?
While the basement is renovated, the 1964 build date means a thorough inspection of the roof, windows, plumbing, electrical systems, and the foundation is essential. This isn't necessarily a drawback, but it defines the type of maintenance and potential future projects a buyer should be prepared for.
4. The living area is large for the street, but the assessed value is only "around average" for the city. What does this indicate?
This combination suggests that while the home offers great interior space, its overall municipal valuation is balanced by factors like its age, specific condition, or the typical values in the Heritage Park area compared to newer or more premium neighbourhoods city-wide.
5. Who are the most likely neighbours or competing buyers for this property?
Given the data, this home will likely attract growing families or multi-generational households seeking space, as well as value-conscious buyers who see potential in the large lot and are comfortable with a home from the 1960s. It may be less appealing to those seeking a modern, turn-key property or a brand-new development.