Property Overview: 754 Pepperloaf Crescent
Key Characteristics & Appeal
This 1971-built, one-storey home sits on a large, approximately 9,714 sqft lot in Winnipeg's Roblin Park neighbourhood. With 1,240 sqft of living space, it features an unfinished basement and a detached garage. Its core appeal lies in its generous, private yard—a significant asset in a mature, established area. The home presents a straightforward layout typical of its era, offering a solid foundation.
The property’s standout feature is its land value and potential. The lot size ranks in the top 7% city-wide, offering rare space for gardens, recreation, or future expansion. While the home itself is modest in size and finish relative to the property, this creates a clear value proposition for buyers looking for a long-term project or a location where the land is the primary investment. It would suit a practical buyer—perhaps a young family seeking outdoor space in a quiet community, or an investor/renovator who sees the underlying value in the sizable lot and is prepared to update the living spaces over time. Its ranking as newer than 73% of homes on its street suggests it fits well within a neighbourhood of enduring, well-kept properties.
Frequently Asked Questions
1. What does the "unfinished basement" mean for immediate use?
It is a blank canvas with full foundation and utilities, but requires investment for flooring, walls, and ceilings to become livable space. It offers significant storage and future expansion potential.
2. How does the detached garage impact daily use, especially in winter?
It provides secure storage and parking but requires going outdoors to access the house. This is a typical trade-off in many older neighbourhoods, valued for the separate space but less convenient than an attached garage during harsh weather.
3. The assessment value seems low relative to the lot size. What does this indicate?
The assessed value is often based on the current state of the home and recent area sales. A lower assessment on a large lot can sometimes reflect the home's original condition, highlighting the value tied to the land itself rather than the existing structure.
4. Is the older roof, furnace, or major systems a concern for a 55-year-old home?
Prospective buyers should prioritize a thorough inspection. The age of the home means key systems are likely at or beyond their typical lifespan, so budgeting for updates or negotiating based on their condition is a standard part of the process.
5. The home ranks highly for lot size but mid-range for living space. How does this affect livability?
This indicates the home's footprint on the lot is not maximized. You get more private outdoor space but a moderately sized interior. Families may need to utilize the basement expansion potential to gain more indoor living area over time.