Property Overview: 21 Hastings Boulevard, Winnipeg
Key Characteristics & Appeal
This home presents a distinct value proposition centered on its generous, quarter-acre lot—a standout feature in today’s market. While the 1,015 sqft house itself is modest and older (built in 1921), its assessed value of $280k is notably below averages for the street, neighborhood, and city. This creates a scenario where you are primarily investing in land with a livable structure.
The core appeal lies in its potential. The lot size is "Elite" for the Norberry area (top 2%), offering exceptional outdoor space for gardening, recreation, or future expansion. It suits a specific buyer: someone seeking an affordable entry into the market who values space over a modern, turn-key home. It’s ideal for a hands-on buyer comfortable with gradual updates, a family prioritizing a large yard, or an investor seeing long-term value in the land itself. A less obvious perspective is that a lower assessed value can sometimes translate to relatively lower property taxes, which is a practical, ongoing financial benefit.
Frequently Asked Questions
1. Is the house in need of major renovation?
Given its age (105 years), buyers should budget for updates. While it's habitable, systems like plumbing, electrical, and the roof likely require inspection and may need modernization to meet current standards and efficiency.
2. Why is the assessed value lower than the area average?
The assessment reflects the older, smaller home on the property. The valuation system weighs the dwelling heavily. The significant land value is somewhat offset by the house's age and size compared to newer, larger builds in the city.
3. How does the large lot add value?
Beyond personal use, it provides options. It could accommodate additions like a garage, workshop, or larger home (subject to zoning). In a neighborhood where lots are typically smaller, this scarcity drives its "Elite" ranking and offers unique future flexibility.
4. What are the exact prior sale details?
Public data shows it last sold between $200k-$250k in July 2019. For fully verified, exact sale figures and history, you must request a manual lookup via email, as this site does not display MLS records.
5. How does it compare directly to the neighbors?
The Neighbourhood Analysis Map tool provides a detailed visual comparison. You can see nearby homes side-by-side to compare year built, living area, assessed value, and lot size, confirming this property’s standout land size and older construction relative to its immediate surroundings.