Property Overview
This 4-level split home at 51 D'Arcy Drive in Winnipeg's Agassiz neighbourhood presents a compelling blend of space, location, and value. Built in 1960, it sits on a large, 11,243 sqft lot, which ranks in the top 3% of the area, offering significant outdoor potential. The 2,291 sqft living area is well above average for both the neighbourhood and the city, placing it in the top 7% locally. A key feature is the renovated basement, adding modern living space. The home’s assessed value positions it as a premium property within its immediate street and a high-value home in the broader Winnipeg context.
Key Characteristics & Appeal
The primary appeal of this property lies in its generous proportions and established, desirable location. It offers substantially more indoor and outdoor space than most comparable homes in Winnipeg, which is a significant and less common find in mature neighbourhoods. The renovated basement adds immediate functionality without the need for a major project. Its high assessment value relative to nearby properties suggests it is a well-maintained or updated asset in the area.
This home would suit buyers looking for established character and room to grow, whether for a family needing multiple living levels or someone who values a large private yard. It’s ideal for a purchaser who appreciates a home with a footprint larger than the norm and is positioned in a statistically top-tier segment of the market without being a brand-new build. The data indicates it’s a property that stands out in its immediate surroundings for all the right reasons: lot size, living space, and value.
Frequently Asked Questions
Q: How does the age of the home (1960) factor into its condition and potential needs?
A: While the home is from 1960, the renovated basement indicates updates have been made. As with any home of this vintage, a thorough inspection is recommended to assess the condition of major systems like roof, plumbing, and wiring, which may be original or have been updated over time.
Q: The lot is very large. Are there any restrictions on how it can be used?
A: This should be verified with the city, but a lot of this size (over 11,000 sqft) in an established neighbourhood often presents opportunities for gardening, adding a detached structure like a shed or workshop, or simply enjoying extensive private outdoor space. It's a rare feature in today's market.
Q: The assessed value is much higher than on the same street. What does this mean?
A: A significantly higher assessed value than direct neighbours typically reflects a larger living area, a renovated condition, and/or the premium lot size. It suggests the municipality views this property as having a substantially higher market value than others on the block.
Q: What are the typical property taxes for a home with this assessed value?
A: Property taxes are calculated by applying the City of Winnipeg's annual mill rate to the assessed value. You can estimate taxes by multiplying the current mill rate by the $56,900 assessment. Your real estate agent or the city can provide the exact current rate and calculation.
Q: The home is a 4-level split. What are the practical advantages of this layout?
A: This style often provides good separation of living spaces, which can be ideal for families. It may allow for a distinct zone for bedrooms, a dedicated living area, and a separate recreational space in the basement, all on different levels, offering more privacy than an open-concept bungalow.