Property Summary: 555 Pepperloaf Crescent
Section 1: Key Characteristics & Appeal
This is a classic, well-maintained bungalow in the established Roblin Park neighbourhood. Its primary appeal lies in its generous, mature lot of over 11,500 sqft—a rarity that offers immense privacy and space for gardens, play, or expansion. The home itself is a practical 1,331 sqft layout with a finished basement, providing flexible living space. Built in 1970, it represents a solid, no-fuss construction from an era known for durable builds.
The property’s standout feature is its exceptional value positioning within Winnipeg. It ranks in the top 4% of the city for lot size and the top 27% for assessed value, meaning you acquire a significant parcel of land with a comfortable home for a price that is competitive on a city-wide scale. It suits buyers looking for a peaceful, grounded setting without sacrificing accessibility. It’s ideal for those who value outdoor space over flashy interiors, perhaps first-time buyers seeking a long-term home with room to grow, or downsizers wanting a manageable single-level layout with the bonus of a private yard. A thoughtful perspective: this home appeals to the practical visionary—someone who sees the inherent value in land and the potential it holds, whether for personal enjoyment or future investment.
Section 2: Frequently Asked Questions
1. What is the neighbourhood like?
Roblin Park is a mature, family-friendly community known for its quiet, tree-lined streets and strong sense of community. It offers a blend of established homes with a mix of long-time residents and new families.
2. Is the basement a legal suite?
The listing states the basement is finished but does not specify it as a legal secondary suite. Buyers interested in rental income should investigate the specific permits and regulations with the city.
3. How is the property’s condition given its age?
Built in 1970, the home is over 50 years old. While the rankings show it is newer than 70% of homes on its street, a thorough inspection is recommended to assess the roof, windows, plumbing, and electrical systems, which may be at or beyond their typical lifespans.
4. What does the high city-wide ranking for lot size actually mean?
Ranking in the top 4% for lot size in Winnipeg means this property is among the largest residential lots in the city. This is a key differentiator, offering privacy and space that is increasingly difficult to find, especially in established neighbourhoods.
5. Why is the assessed value notably higher than the community ranking?
The assessment ranks higher city-wide (top 27%) than within the community itself (top 45%). This often indicates that the large lot size is a significant value driver that Winnipeg’s assessment model recognizes, potentially more so than the immediate neighbourhood average for homes.