This is a well-established, single-storey home in Southboine, Winnipeg, built in 1977. Its primary appeal lies in its generous, nearly 8,000 sqft lot, which places it in the top 11% of properties city-wide for land size, offering significant outdoor space and potential. The home features 1,442 sqft of living space with a finished basement and an attached garage. Key data points suggest a property that balances space and value: it ranks highly for its lot size and assessed value within Winnipeg, indicating a solid foundation relative to the broader market. The appeal is grounded in space, established community character, and a practical layout. It would particularly suit buyers looking for a manageable single-level living space on a large lot—ideal for gardening, family play, or future expansion—who value the mature trees and settled feel of an older neighbourhood over a brand-new build. A thoughtful perspective is that while the home itself is average in size for the area, the land parcel is a standout asset, offering a rarity that can't be replicated in newer subdivisions.
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What does the "ranking" data actually tell me?
It shows how this property compares to others in its immediate street, neighbourhood, and all of Winnipeg for specific metrics. For example, its lot size ranks in the top 11% city-wide, which is a significant advantage, while its living area is fairly average for the city.
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Is the 1977 build year a concern?
As with any home of this age, a thorough inspection is essential to assess the condition of major systems like roof, wiring, and plumbing. The data shows the home's age is newer than about 59% of Winnipeg houses, so it's in the middle range, not among the oldest.
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How does the 2024 assessed value relate to the likely selling price?
The assessed value of $515,000 is for municipal tax purposes. Market value is determined by current buyer demand, recent sales of comparable homes, and the property's condition. The 2016 sale price of $490,000 provides historical context, but the market has evolved since then.
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What are the pros and cons of a large lot like this?
Pros include ample privacy, space for recreation, gardens, or additions like a shed or deck. Cons typically involve higher maintenance (more lawn to mow, potentially more snow to clear) and possibly higher property taxes relative to homes on smaller lots.
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Who would this home not be suitable for?
It may not suit those seeking a modern, open-concept layout or a completely turn-key, low-maintenance property, as some updates may be desired. It's also a single-storey, so those preferring multiple distinct levels of living space might look elsewhere.