Property Overview: 740 Pepperloaf Crescent
Key Characteristics & Appeal
This is a well-maintained, single-storey home built in 1977, situated on a generous 6,237 sqft lot in the established Roblin Park neighbourhood. Its key features include 1,155 sqft of living space and a finished basement, offering functional space for a family or home office. Notably, the property does not have a garage or pool.
The primary appeal lies in its solid value within a mature community. The lot size is a significant asset, ranking highly within Winnipeg and offering ample outdoor space for gardening, play, or future expansion. While the home itself is average in size for the area, its condition and the utility of the finished basement add practical living space. The property’s assessed value has shown stable growth, suggesting it is a sound investment in a neighbourhood that has held its appeal over decades.
This home would suit first-time buyers or downsizers looking for a manageable, single-level layout in a quiet, established area. It’s also a practical choice for value-focused buyers who prioritize land size over a brand-new build and are comfortable with a home that may benefit from personalized updates over time.
Frequently Asked Questions
1. How does the lack of a garage impact daily life and resale?
While a garage is a common convenience, its absence is factored into the price. Many homes in older neighbourhoods manage with driveway parking and shed storage. For some buyers, the large lot could even accommodate adding a garage in the future, turning a current drawback into a customization opportunity.
2. The home is nearly 50 years old. What should I be mindful of?
Key systems like the roof, windows, plumbing, and electrical may be at or beyond their typical lifespans. A thorough inspection is essential to understand if major components are original or have been updated, which will help budget for future maintenance.
3. The lot is large, but what are the costs and responsibilities?
A large lot means more yard work, higher water bills for maintaining grass, and potentially higher property taxes. However, it also provides privacy, space for recreation, and is a scarce commodity in mature neighbourhoods, often being the most appreciating part of the property.
4. The home ranks low on its street for size. Is this a concern?
This indicates the home is among the smaller houses on a street that may have larger properties. This can be an advantage, as you're buying into a desirable street at a more accessible price point, while still benefiting from the character and stability of the area.
5. The 2021 sale price was higher than the current assessed value. Why?
Assessed values are for municipal taxation and can lag behind the dynamic real estate market. The 2021 sale likely occurred during a peak market period. The current assessment provides a baseline, but the market will determine the final sale price based on current conditions, buyer demand, and the home's specific presentation.