Property Overview: 5214 Roblin Boulevard
Key Characteristics, Appeal & Target Buyer
This is a well-established, one-and-a-half storey home in Roblin Park, built in 1952 on a generous, mature lot of over 9,200 square feet. Its key features include a finished basement and a detached garage. The data reveals a compelling contrast: while the home’s living space (1,192 sq ft) is modest and its assessed value is relatively low for the area, it sits on a property that ranks in the top 8% of all Winnipeg for lot size. This presents a classic "land value over structure" scenario.
The primary appeal lies in its location and potential. The large, private lot in a mature neighbourhood offers rare space for gardens, play, or future expansion. It suits two main types of buyers: first, practical renovators or builders who see the underlying value in the land and are prepared to update or reimagine the existing home. Second, it could appeal to buyers seeking an affordable entry into a desirable area who value outdoor space over a large, modern interior and are comfortable with a home that carries the character and maintenance considerations of its era.
Frequently Asked Questions
1. What does the ranking data actually mean?
The rankings compare this property against others on its street, in Roblin Park, and across all of Winnipeg. For example, being in the "top 8%" for lot size city-wide highlights the exceptional scale of the property, while rankings for assessed value suggest the home itself is priced below many area comparables.
2. Is the house in original condition?
Given its 1952 build date and the description of a "finished basement," the home has likely seen updates. However, the assessed value ranking suggests major modernizations (like a full kitchen or bathroom renovation) may not be reflected, so a viewing is essential to determine condition.
3. What are the implications of such a large lot?
Beyond privacy and space, a lot of this size (9,204 sq ft) may offer future potential, subject to zoning. It also means higher maintenance (lawn care, landscaping) and could proportionally increase the property's value relative to similar homes on smaller plots.
4. Who might this property not suit?
It may not be ideal for buyers seeking a move-in-ready, modern open-concept layout without any project work. The modest living area and older floor plan might also challenge those needing significant immediate space.
5. Why is the assessed value ranking lower than the lot size ranking?
This discrepancy is common for older homes on premium lots. The assessment reflects the current state and size of the dwelling itself, which is modest and dated, while the land is highly valuable. The market price often balances these two factors.