51 East Gate

Property Overview & Key Characteristics

This two-storey home in Armstrong Point is defined by its substantial, historic charm and its position within one of Winnipeg's most established neighborhoods. Built in 1931, the residence sits on an exceptionally large lot of over 19,000 square feet, placing it in the top tier of properties in the city for land size. With a renovated basement and 2,414 sqft of living space, it offers classic character with updated functionality. The appeal lies in the rare combination of a prime, central location, immense private grounds, and the legacy of a historic property, all at an assessed value that is notably high for its street and neighborhood. This property would best suit a buyer looking for a long-term family home with room to grow or garden, someone who values architectural history over modern new-builds, and an investor or homeowner who understands the unique and stable value of land in a prestigious, mature area.

Frequently Asked Questions

1. What does the high assessed value relative to recent sale prices indicate?
The assessed value is significantly higher than the last recorded sale price, which can reflect substantial improvements made to the property, a strong appreciation in the neighborhood's land value, or a municipal assessment based on the home's highest potential use. It's a key figure for understanding the property's official tax valuation and its perceived market standing.

2. The lot size is a major feature. What are the implications beyond just having a big yard?
A lot of this size in Armstrong Point is a rare asset. It offers unparalleled privacy and space for gardens, recreation, or future additions like a garage or studio. It also represents a significant portion of the property's total value, as land in such central, historic neighborhoods is finite and highly sought-after.

3. The home was built in 1931. What should I consider regarding its age?
While offering classic craftsmanship and character, a home of this age will likely have older systems (like plumbing or electrical, even if updated) and requires a maintenance mindset. A thorough inspection is essential to understand the condition of the structure, foundation, and any renovations that have been completed, such as the basement.

4. There is no garage. Is adding one a possibility?
Given the vast lot size, there is likely physical space to add a garage or carport. However, this is a historic neighborhood, so any new structure would likely require approval to ensure it meets community and heritage guidelines. This is a practical project for a future owner but not a simple guarantee.

5. How does the "rank by area" and other rankings help me understand this property?
These rankings contextualize the home's specific metrics against its immediate street, the Armstrong Point neighborhood, and all of Winnipeg. For example, ranking in the top 2% in Winnipeg for lot size underscores its extraordinary scale, while a more moderate ranking for living area suggests the house itself is comfortable but the land is the standout feature.