Property Overview: 1090 Storie Road, Winnipeg
Section 1: Key Characteristics & Appeal
This property presents a distinct profile defined by a significant trade-off. Its primary appeal lies in its exceptionally large lot of approximately 8 acres (350,494 sq ft), which ranks in the top 1% of properties city-wide. This offers rare potential for privacy, expansive outdoor use, or future subdivision, setting it apart from typical residential offerings.
However, this land value is balanced against a modest, older home. The 1,224 sq ft dwelling, built circa 1900, is notably smaller and older than most in its immediate area and neighborhood. The assessed value of $336k reflects this balance, sitting well below local averages but closer to the city-wide norm.
This home would best suit a specific buyer: someone who prioritizes land and long-term potential over immediate move-in condition and modern finishes. It’s a compelling option for buyers seeking a rural-like setting within city limits, those with renovation or rebuild plans, or investors focused on land value. It is less suited for buyers seeking a turn-key home or who prioritize neighborhood comparability.
Section 2: Frequently Asked Questions
1. Why is the assessed value so much lower than neighbors' homes?
The assessment reflects the current state of the older, smaller home on the site. While the land itself is extremely valuable due to its size, the overall assessment is tempered by the dwelling's age and square footage relative to the newer, larger homes in the immediate area.
2. What does the "Elite" ranking for land area actually mean?
It means this property's lot size is larger than 99% of comparable residential properties across Winnipeg. On its street, the lot is above average; within the broader neighborhood and city, it is exceptionally rare.
3. Is the 1900 build date a concern?
It indicates a high likelihood of needing updates to major systems (like plumbing, electrical, insulation) and potentially significant maintenance. A thorough inspection is essential. The age is a key factor in its below-average rankings for the dwelling itself.
4. How reliable is the price and sales history shown?
The site states that its transaction history is not comprehensive and is based on public data, not the MLS. For fully verified sales history and exact figures, you must request a manual lookup via email, as detailed on the page.
5. Could this property be subdivided?
The extraordinary lot size makes it a candidate, but this is not a guarantee. Any subdivision would require rigorous review and approval from the City of Winnipeg, involving zoning bylaws, utility access, and development regulations. A buyer should investigate this possibility with the city's planning department.