Property Overview: 575 Pepperloaf Crescent
This well-situated Roblin Park bungalow presents a compelling opportunity for a specific buyer. Built in 1984, its key appeal lies in the combination of a generous, mature lot and a home that ranks favorably in value and size within its established neighborhood.
Key Characteristics & Ideal Buyer
The home sits on a large, approximately 10,125 sqft lot, offering ample outdoor space—a relative rarity that places it in the top tier for property size citywide. The 1,408 sqft living area is a comfortably sized bungalow with a finished basement, providing a practical single-level layout or potential for separate living spaces. Its standout feature is its strong value positioning: with a current assessed value significantly higher than its 2023 sale price, it ranks in the top 15-20% of its immediate area for assessed value, suggesting a solid investment in a desirable locale.
This property would suit buyers who prioritize land size and neighborhood stability over a brand-new build. It’s ideal for a young family seeking space to grow in a quiet crescent, someone looking for a manageable bungalow layout, or a value-conscious buyer who sees potential in a home that already demonstrates strong market appreciation in a short period. The appeal is grounded in space, established community, and metrics that indicate a sound purchase within the broader Winnipeg market.
Frequently Asked Questions
1. How does the lot size compare to others?
The lot is exceptionally large at over 10,000 sqft, ranking in the top 6% of all residential properties in Winnipeg for size. It offers significant private outdoor space compared to newer subdivisions.
2. The house was built in 1984. What might need updating?
While the data doesn't specify condition, a home of this age may have original or aging components like windows, roof, or mechanical systems. A thorough inspection is advised to budget for any modernizations or maintenance.
3. The assessed value is higher than the 2023 sale price. What does that mean?
The current assessment of $512,000, compared to the last sale at $455,000, indicates the city's estimate of its market value has risen. This can reflect market trends, improvements, or simply a strong valuation in the area, but the actual sale price is always determined by the current market.
4. Is the finished basement included in the 1,408 sqft living area?
Typically, the main living area (sqft) quoted refers to above-grade space. The finished basement is an additional area, adding functional square footage like a rec room, office, or extra bedrooms not reflected in that primary figure.
5. The rankings show it's newer than most on its street. Is that good?
Yes. Ranking newer than 86% of homes on its street suggests the surrounding houses are mostly older, which can be positive for the home's relative condition and potentially means the neighborhood's character and tree canopy are well-established.