Property Overview
This home at 988 Mcleod Avenue in Winnipeg's Valley Gardens neighbourhood presents a compelling opportunity defined by its exceptional outdoor space and solid, above-average footprint. Its primary appeal lies in the rare combination of a very large, private lot with a home that offers more living space than most in its immediate area. The property is positioned as a strong performer within its specific community and street, particularly for buyers who prioritize land over a newly built home.
Key Characteristics & Target Buyer
The standout feature is the land itself. At nearly 16,000 sqft, the lot size is exceptional, ranking in the top 3% on its street and top 2% city-wide. This offers immense potential for gardening, recreation, expansion, or simply enjoying generous private outdoor space—a rarity in the city. The 1,428 sqft living area is also notably above the local and neighbourhood averages, providing comfortable interior space.
The home’s assessed value for taxes is significantly higher than area averages, indicating it is viewed as a premium property within Valley Gardens (top 4%). This suggests good inherent value, though it may correlate with a higher tax bill. Built in 1960, the house is older than the neighbourhood average, meaning buyers should be prepared for the character and potential maintenance needs of a mature home, while also seeing the opportunity to customize.
This property would best suit a buyer who values land size and established community character over a new build. It’s ideal for those wanting room to grow, entertain, or enjoy privacy outdoors, and who are comfortable with a home that may require updates. It represents a "land play" with a solid, spacious house included.
Frequently Asked Questions
Q: The lot size is a major highlight. Are there any restrictions on how I can use it?
A: While the data confirms the lot's exceptional size, potential buyers should always verify zoning bylaws with the city for any plans regarding additions, secondary suites, outbuildings, or significant landscaping to ensure compliance.
Q: The home is older than the neighbourhood average. What should I consider?
A: A 1960s build may have original systems like plumbing, electrical, or the roof nearing the end of their service life. A thorough inspection is crucial to understand the condition and budget for any necessary updates or modernizations.
Q: The assessed value is much higher than nearby averages. Is this good or bad?
A: It signals the property is considered more valuable than most in the area, which is positive for equity. However, it typically results in higher annual property taxes compared to neighbouring homes with a lower assessment.
Q: The living space is above average, but how does the layout function for modern living?
A: The square footage is generous for the area. Viewing the home in person is essential to see if the room sizes and layout from 1960 match your lifestyle needs, as older floor plans can sometimes differ from contemporary open-concept designs.
Q: The rankings show it's a top property on its street and in Valley Gardens. How does it compare to the whole city?
A: While its lot size ranks excellently city-wide (top 2%), its living space and assessed value are closer to the Winnipeg average. This underscores that its prime advantages are highly localized, making it a standout choice specifically within its established community.