Property Overview
This 1969-built, one-storey home in Roblin Park sits on a large, 8,802 sqft lot and offers 1,345 sqft of living space with a finished basement and an attached garage. Its appeal lies in a compelling combination of space, location, and established value. The property's standout feature is its exceptionally large lot, which ranks in the top 9% of all Winnipeg properties for size, offering rare potential for gardening, expansion, or simply enjoying private outdoor space. While the house itself is of average size for the area, it is supported by strong market fundamentals: it recently sold for $498,000, which is notably higher than its 2019 sale price and places its value in the top 20% of Winnipeg homes. This suggests a well-regarded location and a property that has kept pace with market growth.
The home would suit a buyer looking for a solid, no-fuss bungalow layout on a premier-sized lot in a mature neighbourhood. It’s ideal for someone who values outdoor space over a massive interior footprint and appreciates the stability of an area where property values have shown consistent, above-average appreciation. It may also appeal to a value-conscious buyer willing to update an older home (now 57 years old) to their taste, given the strong underlying equity and land value.
Frequently Asked Questions
1. How does the lot size compare to typical properties?
The lot is a major asset at 8,802 sqft, placing it in the top 9% of all residential properties in Winnipeg for size. This is significantly larger than average and is a key driver of the property's value and appeal.
2. Has the property held its value?
Yes, very well. It sold for $390,000 in 2019 and $498,000 in 2024. This increase reflects strong appreciation, and its current value sits in the top 20% of Winnipeg homes, indicating it outperforms most of the market.
3. What is the neighbourhood like for families?
Roblin Park is a mature, established neighbourhood. The high ranking for lot size and property value within the community suggests it's a desirable, stable area with a mix of long-term residents and newer buyers investing in their properties.
4. Is the house in move-in condition?
The listing confirms a finished basement, but as a 57-year-old home, some systems or interior finishes may be original or dated. Buyers should budget for potential updates to suit modern tastes, though the core structure and lot provide a excellent foundation.
5. Why is the assessed value slightly lower than the recent sale price?
The municipal assessment of $489,000 is close to the $498,000 sale price. The slight difference is common, as assessments can lag behind fast-moving market sales. The sale price is the clearest indicator of current market value.