Property Overview: 276 Park Manor Boulevard, Winnipeg
Key Characteristics & Appeal
This 970 sqft bungalow, built in 1958, presents a compelling case based on its land value and relative affordability. Its primary standout feature is the exceptionally large, approximately 10,000 sqft lot, which ranks in the top 3% within its immediate street and the broader Riverbend neighborhood. This offers significant potential for expansion, gardening, or outdoor living that is rare for the area. The home itself is modest in size, below neighborhood and city averages, and its assessed value of $340k is notably below the Riverbend average, suggesting an entry point into the community.
The appeal lies in a clear value proposition: securing a large property in a established neighborhood for a price that is competitive relative to the city. It suits practical buyers looking for a solid foundation—first-time homeowners, those interested in a long-term property with renovation or expansion potential, or investors who see value in the land itself. It’s a property where the value is more in what you could do with it, rather than in its current finished state, making it ideal for someone with vision and a realistic renovation budget.
Frequently Asked Questions
1. Is the price fair for a home of this size?
While the living space is below average for the area, the price reflects the significant land value. You are largely investing in the property's location and lot size, with the home itself offering functional, but not luxurious, space.
2. What does the 1958 build year mean for maintenance?
A home from this era may require updates to major systems like plumbing, electrical, or insulation. A thorough inspection is essential to budget for necessary modernizations, beyond any cosmetic renovations.
3. How does the assessed value compare to likely selling price?
The assessed value ($340k) is a municipal figure for tax purposes. The last known sale was between $300k-$350k in late 2020. The current market price will be influenced by recent sales, condition, and demand, but the assessment suggests it is positioned below typical neighborhood prices.
4. What can I do with such a large lot?
The lot size is the property's biggest asset. Potential uses include a major addition, building a detached garage or workshop, creating extensive landscaping or garden spaces, or simply enjoying substantial private outdoor room—a rarity in many city neighborhoods.
5. How do I verify the exact past sale prices?
The website provides estimated sale price ranges. For fully verified and exact transaction history, you must contact the site operators directly via email for a manual lookup, as they do not have access to MLS sales records.