Property Overview & Key Characteristics
This well-situated one-storey home in Assiniboia Downs is defined by its generous scale and established presence. Its most prominent feature is the large, 15,612 sqft lot, which places it in the top 2% of all properties in Winnipeg for land area. This offers exceptional outdoor space and privacy that is increasingly rare. The 2,235 sqft living area is also spacious, ranking in the top 5% citywide. Built in 2008, the home is relatively modern compared to many in the area and includes a renovated basement and an attached garage.
The appeal lies in this combination of a modern, spacious home on a truly expansive lot. It suits buyers looking for long-term stability—families desiring room to grow, or those who value ample yard space for gardens, recreation, or pets without sacrificing interior square footage. The high citywide rankings for both lot size and assessed value suggest a property that stands out in its category for substance and perceived value. A thoughtful perspective is that while the home is in the middle of its street for metrics like living area, its exceptional lot size offers a unique upside that isn't easily replicated, making it a property where the land itself is a major asset.
Frequently Asked Questions
1. How does the lot size compare to typical properties?
The lot is exceptionally large. At over 15,600 sqft, it is significantly bigger than most homes in Winnipeg, placing it in the 98th percentile. This is the property's most distinguishing characteristic.
2. The home sold in 2017 for $79.5k, but is now assessed at $89.4k. What does this mean?
The 2017 sale price and current assessed value are not directly comparable for market value. The sale price from seven years ago is a historical data point, while the assessment is for taxation purposes. The assessment being higher than the old sale price generally indicates the property has been assessed at a higher value for tax calculations, but the current market value would be determined by recent sales of comparable homes.
3. What does the ranking data (e.g., "Top 53% in same street") actually tell me?
These rankings compare this property against specific groups. For example, being in the "Top 53% in same street" for living area means its square footage is greater than 53% of the homes on its own street. It helps you understand how the home stacks up against its immediate neighbours versus the wider city.
4. The home is described as "one storey." Is the renovated basement a full living space?
Yes, the listing confirms a renovated basement. This adds functional living space to the already substantial 2,235 sqft main floor, though the specific finish and layout would need to be verified in a viewing.
5. Are properties nearby similar in size and value?
The provided nearby properties on Four Oaks Cove are clearly in the same enclave, but the comparable "similar assessed value" homes are located in various neighbourhoods across Winnipeg. This indicates that while the assessed value may be similar to homes in other areas, the key feature here is the combination of that value with an unusually large lot in this specific location.