Property Overview: 40 Stormont Drive, Winnipeg
Section 1: Key Characteristics & Appeal
This two-storey home, built in 1990, presents a compelling opportunity defined by its exceptional land size. Sitting on just under half an acre (20,004 sqft), the property offers a level of privacy and space that is rare within Winnipeg city limits, placing it in the top 1% of homes city-wide for lot size. The house itself is spacious at over 2,900 sqft of living area, which is also significantly above the city average. It features an attached garage and a basement (not renovated), providing ample room for storage, hobbies, or future expansion.
The primary appeal lies in its land value and potential. While the home may benefit from updates, the lot represents a long-term asset in a mature neighbourhood. It suits buyers looking for a spacious family home with room for gardens, play, or additions, as well as value-oriented purchasers or builders who see the underlying land value and are prepared to invest in renovations over time. It’s a property for those who prioritize space and future potential over immediate move-in perfection.
Section 2: Frequently Asked Questions
1. Why is the assessed value significantly different from the sale price?
The assessed value is used for municipal tax purposes and may not reflect current market conditions or the specific state of the property. The 2020 sale price is a historical data point; a current market evaluation would be needed for today's value.
2. What does the lot size ranking mean practically?
Ranking in the top 1% city-wide for land area means this is one of the largest standard residential lots in Winnipeg. It offers uncommon space for privacy, landscaping, outdoor activities, or potential future structures like a large garage or workshop, compared to the typical city lot.
3. Is the neighbourhood consistent with this property's characteristics?
The data shows that within its immediate Cloutier Drive area, this home’s lot size is actually below average for that specific locale, which is known for very large properties. This suggests you are buying into an established area where expansive lots are the norm, offering a cohesive upscale streetscape.
4. What might "basement, not renovated" imply?
This typically indicates the basement is functional but may have original finishes from 1990. It presents both a blank canvas for customization and a consideration for any immediate budget, as creating finished living space would require a separate investment.
5. How does the year built affect this home?
Built in 1990, the home is newer than over 75% of Winnipeg houses, meaning major components like wiring and plumbing are likely modern. However, it is now at an age where some original appliances, roofs, or systems may be nearing the end of their service life and should be inspected.