Property Overview
This 912 sqft, one-storey home at 512 Golf Boulevard in Winnipeg's Kirkfield neighbourhood presents a specific and straightforward opportunity. Built in 1914, it is a century-old property with an unrenovated basement and no garage. Its key appeal lies in its very large 5,948 sqft lot, which is notably above average for the immediate street. The home itself is modest in size and assessed value, positioning it well below area averages. This is a property where the land is the primary asset, offering potential for future expansion, garden space, or redevelopment, while the house itself requires attention and likely significant updating.
Key Characteristics & Suitability
The primary draw here is the generous lot size in a mature neighbourhood. For the right buyer, this represents a blank canvas relative to the property's footprint. The home’s living space is compact and its systems and finishes are undoubtedly dated, given its age and unrenovated state. This combination suits a specific buyer profile: those looking for a land-value play, handy homeowners or builders comfortable with a renovation or rebuild project, or investors seeking a hold property in a central location. It is less suited for someone seeking a move-in-ready home without a major project in mind. A thoughtful perspective is that while the data shows the house ranks low in most metrics, its high ranking for land area on its street indicates a unique characteristic that isn't the norm for the area, suggesting a possible opportunity not found in nearby listings.
Frequently Asked Questions
1. Is this a teardown property?
While not explicitly marketed as such, the home's age (1914), unrenovated condition, and the significant discrepancy between the modest house and the large lot make it a prime candidate for a major renovation or complete redevelopment, subject to local zoning.
2. Why is the assessed value so much lower than the city-wide average?
The assessed value reflects the property's current state—an older, smaller home with outdated features on a desirable lot. The valuation is based on its existing condition, not its potential after renovation or redevelopment.
3. What are the implications of an "unrenovated basement"?
This typically indicates the basement is in original or dated condition, likely with older foundational materials, limited ceiling height, and basic utilities. It should be inspected for moisture issues, insulation, and structural integrity, common considerations in century-old homes.
4. The sold price history shows a range. What does that mean?
The listed range is an estimate based on public data. To obtain the exact, verified sale price from October 2020, you must request it directly from the provided service, which manually confirms the figure.
5. With no garage, what are the parking options?
The property has no garage, so parking would be limited to driveway space (if existing) or on-street. This is an important practical consideration for vehicle storage and Winnipeg winters.