Property Overview: 1033 Lambert Street, Holden
Key Characteristics & Buyer Profile
This one-and-a-half storey home, built in 1910, presents a classic fixer-upper opportunity on an exceptionally large lot. Its key appeal lies in the land itself—at over 8,400 square feet, the property is in the top 5% for lot size within Holden, offering rare potential for expansion, gardening, or outdoor space. The house, with 1,088 sqft of living space and an unfinished basement, is functionally sized but requires modernization.
The home’s assessed value is notably below averages for the area and city, reflecting its age and condition. This creates a clear entry point for a specific buyer: someone seeking an affordable footprint with the vision and budget to renovate. It suits a hands-on buyer, an investor looking for a long-term hold with land value, or someone prioritizing private outdoor space over a move-in-ready interior. A less obvious perspective is its potential appeal to multi-generational families, where the large lot could eventually accommodate an additional dwelling unit, subject to local regulations.
Frequently Asked Questions
1. What is the true condition of the house?
The listing notes an unfinished and unrenovated basement, and the home's age (1910) and below-average assessed value strongly suggest it requires significant updates throughout. A thorough inspection is essential.
2. Why is the assessed value so much lower than the city-wide average?
Assessed values are for municipal tax purposes and are influenced heavily by the property's condition, age, and recent sales in the area. This valuation reflects the home's status as a renovation project compared to the broader city housing stock.
3. How does the lot size compare to typical properties?
The land area is a major feature. At 8,467 sqft, it is significantly larger than most lots in Holden (top 5%) and Winnipeg overall (top 10%), offering substantial outdoor space.
4. What are the renovation implications for a home built in 1910?
While offering character, a home of this age may have outdated electrical, plumbing, and insulation. Renovations should be budgeted with this in mind, but they also present an opportunity to customize the space entirely.
5. How can I get the exact historical sale price?
The exact sold price is not publicly displayed. As noted on the detail page, you can request this information via email from the site; they provide the accurate figure manually without using your email for unsolicited marketing.