Property Overview & Key Characteristics
This one-and-a-half storey home in Bruce Park is defined by its generous, 6,750 sqft lot, offering a rare sense of space and privacy for the area. Built in 1946, the 1,580 sqft house presents a solid, unrenovated opportunity with a functional layout and a detached garage. Its appeal lies in its balance of a quiet, established neighbourhood setting with significant potential. The property ranks highly for lot size within its immediate area, suggesting a premium outdoor space that is increasingly hard to find. It suits buyers looking for a home with good bones on a standout lot—whether that’s a hands-on renovator seeking a blank canvas, a family valuing room for children to play and future additions, or an investor recognizing the inherent value in the land itself. The assessed value positions it as a practical entry point into a mature Winnipeg neighbourhood.
Frequently Asked Questions
1. What does "not renovated" for the basement imply?
It indicates the basement is in original or functional condition, not updated with modern finishes. It’s likely usable for storage, laundry, or a workshop, but not a finished living space. Buyers should budget for any desired upgrades or moisture-proofing.
2. How significant is the lot size compared to nearby homes?
The lot is in the top 36% on its own street and top 77% in the broader neighbourhood for size. This means it’s notably larger than many surrounding properties, which is a key asset for privacy, gardening, or future expansion.
3. The home is 80 years old. What should I be prepared for?
While the structure has proven its durability, systems like plumbing, electrical, and the roof will likely need evaluation. The charm and solid construction of an older home come with the responsibility of ongoing maintenance and potential updates to meet modern standards.
4. The assessed value seems low relative to some nearby properties. Why?
Assessed value for taxation purposes doesn't always equal market value. It can be influenced by the home's unrenovated state, specific location on the street, and municipal assessment formulas. The sale price will be determined by current market conditions and the property's unique potential.
5. Who would this property not suit?
It may not be ideal for someone seeking a move-in-ready, low-maintenance home, as updates will be required. It also may not fit buyers who prioritize brand-new builds, modern open-concept layouts, or who have a strict budget with no room for immediate renovations.