Property Overview
This 1945-built, one-storey home in Roblin Park presents a distinct opportunity. Its primary appeal lies in the combination of a very large, 12,471 sqft lot in a mature neighbourhood with a home that offers a modest, functional footprint. The property suits buyers looking for land value and future potential over immediate move-in size and modern finishes. It’s a compelling proposition for someone with a vision—whether that’s extensive renovation, a future addition, or simply prizing expansive outdoor space. The recent sale price below assessment suggests a practical entry point into a desirable area.
Key Characteristics & Ideal Buyer
- Land-Centric Value: The standout feature is the oversized lot, which ranks in the top 3% for size across Winnipeg. This offers rare potential for gardens, recreation, or future development.
- Modest & Functional Home: With 782 sqft of living space and a finished basement, the house provides essential living areas. Its rankings indicate it is smaller and older than most in its immediate area, highlighting it as a land play or a candidate for significant updating.
- Established Neighbourhood: Located in Roblin Park, it offers the stability and mature streetscape of a long-established community.
- Ideal Buyer Profile: This property best suits a buyer who values land over lavish interiors. It could be a perfect match for a renovator, an investor seeing long-term value, or a household that prioritizes massive private outdoor space and is willing to grow into the home over time.
Frequently Asked Questions
1. Is the house in livable condition?
While specifics aren't provided, the data suggests the home is functional, with a finished basement and recent sale. However, its age and lower rankings for size and value on its street indicate buyers should budget for updates or be comfortable with a vintage character.
2. Why is the lot size so significant?
A lot of this scale is increasingly rare within city neighbourhoods. It provides exceptional privacy, space for additions like a garage or workshop, and long-term flexibility that typical 50-foot lots do not.
3. What does the recent sale price tell us?
Selling for $31,000 below the assessed value often reflects the current market's valuation of the existing structure. It underscores that the price is primarily for the land and location, with the house seen as a functional component.
4. Are there any concerns with a house built in 1945?
Prospective buyers should plan for a thorough inspection. Homes of this age may have original systems (like plumbing or wiring) that require evaluation and potential upgrading to meet modern standards and efficiency.
5. What is the potential here for the future?
The potential is fundamentally tied to the land. The property allows for creative landscaping, the possibility of an addition (subject to zoning), or simply holding as a long-term investment in a well-located, large parcel. The existing home provides a comfortable foundation to start from.