Property Overview
This two-storey home in Bruce Park is defined by its substantial, private lot and classic character. Built in 1918, it sits on an exceptionally large 10,499 sqft parcel of land, placing it in the top 5-10% of properties city-wide for lot size. The 2,147 sqft living area is also notably spacious compared to local and city averages. Key features include a detached garage and an unrenovated basement, presenting a classic "blank canvas" scenario. Its appeal lies in the rare combination of a huge, established lot in a mature neighbourhood with a home that offers generous interior space. This property would best suit a buyer who values outdoor privacy and space over modern finishes—someone ready to take on a home with clear update potential and who sees the land itself as a primary long-term asset. The significantly lower-than-average assessed value for the street suggests an opportunity for value growth through thoughtful updates.
Frequently Asked Questions
Is the large lot more of an advantage or a maintenance burden?
It's both. It offers unparalleled privacy, space for gardens, play, or future additions, which is rare in the city. However, it does require more upkeep for landscaping, snow clearing, and general maintenance compared to a standard lot.
The home is older. What should I be most prepared for?
While systems like plumbing, electrical, and the roof may have been updated over time, a 1918 home will inherently have older components. The unrenovated basement also suggests that major mechanicals and foundational structure should be thoroughly inspected.
The assessed value seems low compared to the sale price. Why is that?
Manitoba assessments are based on a mass appraisal system and may not reflect current market value, especially for unique properties. The previous sale price of $380k is a more current market indicator, and the low assessment could be related to the home's condition or the valuation method for older character homes.
What does the "blank canvas" basement mean for me?
The unrenovated basement provides flexibility. It can be finished to your specific needs, but it also means that project and cost are ahead of you. It's crucial to check for moisture, insulation, and ceiling height to understand the true scope and feasibility of finishing it.
How does this home compare to others on the street?
It has one of the largest lots on the street but is one of the older homes. While its living space is above average, its assessed value is among the lowest on the block, indicating it may be less updated than its neighbours. This positions it as a property with strong underlying value (the land) but likely needing modernization.