Property Overview: 865 London Street, Winnipeg
Key Characteristics & Appeal
This 1973-built home on a large, approximately 7,000 sqft lot offers a compelling blend of space and established neighbourhood character. Its primary appeal lies in its above-average land size, which ranks in the top 8% of both its immediate street and the broader Valley Gardens area, providing rare outdoor potential for the location. With 1,262 sqft of living space, the home is more spacious than most comparable properties on its street and in the neighbourhood, ranking in the top 11% and 21% respectively.
The home’s assessed value of $371k is consistently above average for its immediate surroundings, suggesting it is a well-regarded property on a desirable street. It suits buyers looking for a solid, spacious home in a mature neighbourhood without the premium of a newer build. It’s an ideal match for someone who values a larger yard for gardening, recreation, or future expansion over having the newest house on the block. A thoughtful perspective is that while the home’s age is average for the area, its larger lot and living space offer a tangible foundation for customization that newer, denser developments often lack.
Frequently Asked Questions
1. How does this home really compare to others nearby?
The data shows it stands out positively in key areas. It has more living space and a significantly larger lot than most direct neighbours, and its assessed value is higher than the street and neighbourhood averages, indicating it’s a premium property within this specific context.
2. Is the 1973 build date a concern?
The build date is typical for the street and neighbourhood. While it means updates may be needed, it also places the home in a stable, established area with mature landscaping. The citywide average is actually older (1966), so it’s not an outlier.
3. What does the assessed value tell us about the property tax?
The assessed value is used to calculate property taxes. While this home’s assessment is above its local averages, it is below the Winnipeg citywide average for comparable homes ($390.1k), which could indicate a relatively favourable tax position compared to similarly sized homes in other parts of the city.
4. The lot size is highlighted as a top feature. What are the advantages?
Ranking in the top 8% locally, the large lot offers more privacy, space for additions like a shed or deck, and greater potential for landscaping than is common in the area. It provides a sense of space that is becoming rarer in established neighbourhoods.
5. Where can I see how this property fits into the neighbourhood visually?
You can view a detailed neighbourhood analysis map that plots this home alongside others, allowing you to visually compare year built, living area, assessed value, and lot size for nearby properties. A link is provided to open this specific map analysis.