Property Overview
787 Pepperloaf Crescent is a classic one-storey home in Winnipeg's Roblin Park neighbourhood, built in 1946. Its defining feature is an exceptionally large, approximately 20,944 sqft lot, placing it in the top 1% of properties by land size in Winnipeg. The house itself offers 1,080 sqft of living space with an unfinished basement and an attached garage. While the home's assessed value is modest relative to the area, the property's standout characteristic is the rare scale of its land, offering significant privacy and potential in a well-established community.
Key Characteristics & Appeal
The primary appeal of this property is its vast, half-acre lot, a rarity within the city. This isn't just a large yard; it's a blank canvas offering privacy, space for extensive gardens, recreational areas, or future expansion. The home is a straightforward, functional bungalow suited for a hands-on buyer. Its value proposition is clear: you are investing predominantly in the land and location, with the house representing a solid foundation to renovate or rebuild over time.
This property would perfectly suit a buyer with a vision—someone who values outdoor space and long-term potential over immediate turn-key finishes. It’s ideal for a growing family seeking room to play, a hobbyist or gardener craving space, or an investor/developer who recognizes the unique value of such a large parcel in a mature neighbourhood. The appeal is less about the home's current condition and more about the enduring value of the land and the lifestyle possibilities it unlocks.
Potential Buyer FAQs
1. What does the lot size actually allow for?
With nearly 21,000 sqft, the lot offers exceptional possibilities beyond a standard yard, such as adding a substantial addition, a separate workshop or studio (subject to zoning), or creating extensive landscaped gardens. The sheer size provides a level of privacy uncommon in the city.
2. Given the home's age, what should I budget for immediate updates?
Built in 1946, prospective buyers should prioritize a thorough inspection of major aging systems, including the roof, foundation, plumbing, and electrical. Budgeting for modernizations and energy efficiency upgrades is a prudent next step after securing the property.
3. How does the assessed value compare to the likely selling price?
The current assessment is notably lower than many area homes. In such cases, the market price is often driven by the premium for the extraordinary lot size and location, rather than the assessed value of the existing structure alone.
4. What is the neighbourhood like?
Roblin Park is a mature, established community with a mix of original and renovated homes. The large lot sizes in this specific area contribute to a quiet, spacious feel. It offers a balance of residential calm with convenient access to parks, schools, and major routes.
5. Is this a good candidate for a "tear-down" and rebuild?
While the existing home is livable, the scale of the lot makes it a prime candidate for eventual redevelopment. A buyer should investigate current zoning bylaws and any community or heritage guidelines that may apply before making plans to build a new home.