Property Overview: 639 St. Anne's Road, Winnipeg
Key Characteristics & Appeal
This is a distinctive property defined by its significant scale and mature presence in the Meadowood neighbourhood. Its primary appeal lies in its exceptionally generous living space of 2,868 sq ft, which places it within the top 1% of homes both locally and city-wide. This is complemented by a substantial, private lot of nearly 20,000 sq ft, offering rare potential for gardens, expansion, or recreation in an urban setting. With an assessed value of $750,000, it sits well above area averages, reflecting its premium positioning.
Built in 1927, the home is notably older than most in its surroundings. This presents a clear duality: it offers classic character and established grounds that newer builds cannot match, but also implies a greater likelihood of maintenance or modernization considerations compared to contemporary stock. The property’s value has risen significantly, last selling in the $750k-$800k range in 2021 after a sale in the $450k-$500k range in 2016.
This home would best suit buyers seeking space and privacy above all else—growing families, multi-generational households, or those who value room to grow. It appeals to those with a vision for renovating or preserving a character home, and who appreciate a property that stands out statistically for its size and land, rather than one that blends into a modern subdivision.
Frequently Asked Questions
1. How does the age of the home impact its value and appeal?
While its 1927 construction date makes it older than nearly all comparable properties, this also contributes to its unique character and large lot size—features harder to find in newer developments. The value is primarily driven by its exceptional square footage and land, with the age factoring in as a consideration for future updates or maintenance planning.
2. Is the assessed value a reliable indicator of the likely selling price?
The assessed value of $750,000 is a strong benchmark for municipal taxation, but market conditions ultimately determine sale price. The home’s last sold price in 2021 fell within the $750k-$800k range, suggesting the assessment is closely aligned with recent market activity.
3. What does the lot size mean for potential use?
At 19,680 sq ft, the lot is significantly larger than the typical Winnipeg property. This allows for extensive outdoor living space, gardening, or the potential for additions like a garage, workshop, or secondary suite, subject to local zoning bylaws.
4. The data shows the home is "Elite" for space but older. What are the trade-offs?
The trade-off is between modern convenience and classic substance. You are acquiring far more interior room and land than is commonly available, which offers long-term flexibility and privacy. In return, systems, layout, or finishes may require investment to align with modern expectations, which is often reflected in the pricing of such unique properties.
5. How does this property compare to others on St. Anne's Road itself?
On its own street, the home ranks highly for living area (top 6%) and value (top 13%), but is among the oldest (top 89%). This indicates it is a larger, more valuable outlier on the street, likely one of the original, more substantial homes in the area, surrounded by a mix of potentially newer but smaller builds.