Property Overview: 150 Alcrest Drive
This single-storey home on a large, mature lot in Vialoux presents a classic Winnipeg offering with significant potential. Its primary appeal lies in the exceptional lot size—over 13,700 square feet—which is notably larger than most city properties and ranks in the top 3% citywide. The home itself is a modest 912 sqft bungalow from 1953, featuring a finished basement and a detached garage. While the living space is compact and the structure is of an older vintage, the property's value is anchored by its land. Recent market activity shows a 2021 sale at $403,000, with a current assessed value of $439,000.
This property is ideally suited for two main types of buyers. First, it's a strong candidate for those looking for a long-term land investment or a "footprint" for a future custom build, given the premium lot size in an established neighborhood. Second, it appeals to handy buyers or those with a modest renovation budget who are content with a smaller, functional living space and who prioritize private outdoor room over a large interior. It's less suited for those seeking a modern, move-in-ready home or extensive finished square footage.
Frequently Asked Questions
1. What is the true draw of this property?
While the house is a standard older bungalow, the standout feature is the land. The lot is exceptionally large for the city, offering rare potential for expansion, gardening, outdoor living, or future redevelopment.
2. Is the house in good condition?
The listing notes a finished basement, indicating some updates. However, as a home built in 1953, prospective buyers should budget for and expect ongoing maintenance, updates to major systems, and potential renovations to modernize the main living areas.
3. Who would this property not suit?
It may not be ideal for families requiring significant immediate living space or those unwilling to undertake projects. The interior square footage is below average, and the home's age suggests it may lack open-concept layouts and modern finishes.
4. How does the lot size impact value?
The large lot significantly boosts the property's value and appeal beyond its living space. It provides privacy, space for additions like a garage or workshop, and future flexibility that smaller lots do not offer, which is reflected in its high citywide land ranking.
5. What should I consider about the neighborhood ranking?
The property ranks very well within its community and city for lot size, but lower for the age and size of the home itself. This indicates you are investing in a desirable, established area, but purchasing an older, smaller house within it—a common strategy for gaining entry into a prime location.