Property Overview
This 1954-built, one-storey home in Roblin Park offers a classic and practical living proposition. Its primary appeal lies in a rare combination for the city: a very large, approximately 11,600 sqft lot in a mature neighbourhood, paired with a modestly sized, 960 sqft living space. The home features a finished basement and a detached garage. While the house itself is older and smaller than many in Winnipeg, its value is anchored in the significant land parcel, placing it in the top 4% of the city for lot size. It would particularly suit a buyer looking for outdoor space for gardening, recreation, or future expansion, who is comfortable with a home that requires personalization or who values a lower-maintenance footprint. It's a property where the land is the standout asset, offering potential that the current structure may not fully utilize.
Key Considerations & FAQs
1. What is the true draw of this property?
Beyond the home itself, the standout feature is the expansive lot. At nearly a quarter-acre, it offers exceptional outdoor space for a city property, providing privacy, room for additions, or landscape projects that are hard to find in newer subdivisions.
2. The house seems small and older. What should I consider?
You are correct. The living area is below average for the city, and the building is over 70 years old. This makes it an excellent candidate for buyers with renovation or expansion plans, or for those who simply need less indoor space and prioritize the yard. A thorough inspection for an older home's systems (plumbing, electrical, foundation) is essential.
3. The assessment value seems high compared to the last sale price.
The municipal assessment of $375,000 is a point-in-time estimate for taxation and can differ from market value. The 2020 sale of $322,000 is a historical data point. A current market evaluation is needed to understand its true worth, which may be influenced heavily by the desirable lot size.
4. Who would this property not suit?
It may not be ideal for buyers seeking a modern, move-in-ready home with ample finished square footage or those unwilling to take on potential updates. The smaller interior and older build require a vision that values land over immediate interior luxury.
5. What do the "rankings" for lot size and age mean?
These metrics compare this property to others on its street, in Roblin Park, and across Winnipeg. For example, being in the top 4% for lot size city-wide is a significant advantage. Conversely, rankings showing it as older and smaller than most homes locally confirm its character as a land-value play with a modest dwelling.