526 Daer Boulevard

Property Overview: 526 Daer Boulevard, Winnipeg

Section 1: Key Characteristics & Appeal

This is a modest, one-storey home built in 1955, situated on a notably generous lot of approximately 8,788 square feet in Winnipeg's Kirkfield neighbourhood. Its key characteristic is a significant contrast: the living space (656 sq ft) and assessed value ($21,800) are well below averages for the street, area, and city, while the land parcel is substantially larger than most comparable properties locally.

The primary appeal lies in its land value and potential. The large lot offers rare space for gardening, expansion, or future redevelopment in a city where lot sizes are typically smaller. It suits a specific type of buyer: those seeking an affordable entry into homeownership who value outdoor space over finished living area, or an investor/developer looking at the long-term land value. It’s a property where the value is fundamentally in the ground it sits on, making it a project-oriented purchase rather than a move-in-ready home, as the basement is noted as unrenovated.

Section 2: Frequently Asked Questions

1. Why is the assessed value so much lower than the citywide average?
The assessed value reflects the property's current state, including its small, older dwelling and unrenovated basement. The valuation is primarily driven by the structure, not the land size, which is typical for assessment models.

2. Is this a teardown property?
Given the home's smaller size, age, and the premium lot size, it could be considered a candidate for significant renovation or eventual redevelopment. Buyers should verify local zoning bylaws to understand the possibilities for rebuilding or adding to the structure.

3. How does the last sold price (2017, ~$15.5k–$18.5k) relate to today’s value?
That historical price indicates the property has been a low-value asset for some time. Current value would be influenced by the broader real estate market trends since 2017 and the inherent value of the large lot, which may not have been fully captured in that last sale.

4. What are the main considerations for living in a home of this size?
With 656 sq ft of living space, efficient use of layout is crucial. It would suit a minimalist, a first-time buyer comfortable with a cozy footprint, or someone intending to use the ample land to eventually extend the home.

5. The data shows the home ranks low on the street for living area and value, but high for land area. What does this mean practically?
This highlights the property's unique position on the block. You are purchasing one of the largest lots on the boulevard but with one of the smallest homes. The opportunity lies in leveraging the land, while the trade-off is living in a house that is significantly more modest than its neighbours.