Property Overview: 125 Turnbull Drive, Winnipeg
Key Characteristics & Buyer Appeal
This home presents a compelling case based on its unique balance of space and value. Its primary characteristic is an exceptionally large, nearly 30,000 sqft lot, which places it in the top 1% of property sizes city-wide. This offers rare potential for expansion, gardening, or outdoor recreation within Winnipeg. The house itself, built in 1975, is newer than many on its street but has a modest living area of 1,326 sqft, which is below the local average yet close to the city-wide norm.
The appeal lies in this contrast: while the home is more compact and has a below-average assessed value for its immediate neighborhood, it sits on a premium parcel of land. This creates an opportunity for buyers seeking a lower entry point into a established area with significant future potential. It would suit a practical buyer who values substantial outdoor space over a large existing footprint, such as a family looking for room to grow, a hobbyist, or someone planning a future renovation or addition. It’s a property where the value is fundamentally in the land.
Frequently Asked Questions
1. Is the house too small for the neighborhood?
The living area is indeed below the average for both Turnbull Drive and the surrounding area. This is a key factor in its lower assessed value relative to its neighbors, making it a more affordable option on this street.
2. What does the "Elite" city-wide land ranking mean?
It means the lot size of 29,982 sqft is larger than 99% of comparable residential lots in Winnipeg. This is the property's most distinguishing and valuable asset, offering privacy and possibilities uncommon in the city.
3. Why is the assessed value below the street average if the lot is so large?
Municipal assessments consider both the land and the buildings on it. Here, the value is tempered by the home's smaller size and likely simpler finishes compared to larger, more updated homes on the street. The assessment reflects the current state, not just the land potential.
4. How reliable is the sold price data shown?
The displayed sold price range (CA$400k–450k) is based on publicly available data, not the MLS. For fully verified and exact historical transaction figures, you must request a manual lookup from the site via email.
5. What’s the realistic potential here for a buyer?
This property is a strategic purchase. It offers immediate livability in a solid location, with its long-term value and utility heavily tied to the exceptional lot. The ideal buyer would be one who sees the land as the primary asset, whether for enjoyment as-is or for future investment in the home itself.