Property Overview
848 Pepperloaf Crescent is a well-established, one-storey home in Winnipeg's Roblin Park neighbourhood. Its primary appeal lies in offering generous space and established character on a very large, private lot—a combination that is increasingly rare. The home suits buyers looking for a solid, single-level layout with a finished basement for extra living space, and who value outdoor privacy and potential over brand-new finishes. It’s particularly fitting for those who appreciate a quiet, mature neighbourhood and have the vision to update a home over time.
Key Characteristics & Ideal Buyer
This 1973-built bungalow sits on an exceptionally large lot of over 10,000 sqft, providing significant privacy and room for gardens, play, or expansion. With 1,394 sqft of living space plus a finished basement, it offers practical, flexible room for a family. Its rankings show a compelling contrast: while the home itself is average in size for its area, the lot size and assessed value are in the top tiers locally, suggesting the land itself is a major asset. The 2020 purchase price was notably below the current assessment, indicating substantial equity growth. This property would suit a practical buyer—perhaps a growing family, multi-generational household, or a hands-on individual—who prioritizes land and location over a turn-key renovation. The charm here is in the potential: the space to create a personalized oasis, the stability of a long-term neighbourhood, and the value inherent in one of the larger parcels in the community.
Frequently Asked Questions
1. What is the neighbourhood like?
Roblin Park is a mature, family-oriented neighbourhood in Winnipeg known for its quiet, tree-lined streets and strong sense of community. It offers a blend of established homes with a mix of architectural styles.
2. Is the basement a legal suite?
The listing states the basement is finished, but it does not specify it as a legal secondary suite. Buyers should verify its compliance with local regulations if considering rental income.
3. How does the 2020 sale price compare to the current asking price?
The home sold for $360,000 in March 2020. The current assessed value is $493,000. This significant increase reflects market trends and the value of the substantial lot.
4. What are the main considerations for a home built in 1973?
While offering solid construction and a desirable floor plan, a home of this age will likely have original or older major systems (like roof, windows, plumbing, and electrical). A thorough inspection is advised to budget for any necessary updates or maintenance.
5. What makes the lot size significant?
At 10,049 sqft, the lot is larger than 94% of properties in Winnipeg. This provides exceptional outdoor space, potential for additions (subject to zoning), and a level of privacy uncommon in many newer subdivisions.