Property Overview: 13 Mager Drive, Elm Park, Winnipeg
Key Characteristics & Appeal
This one-storey home in Elm Park is defined by a rare and significant advantage: an exceptionally large lot. At over 18,500 square feet, the land size ranks in the top 3% of the immediate street and top 1% within the entire Elm Park area, offering unparalleled space and potential in a mature neighbourhood. The house itself, built in 1948, is a comfortable 1,216 sqft bungalow with a renovated basement and an attached garage. Its assessed value of $460k positions it above average for both Elm Park and the city, reflecting the premium for its substantial lot.
The primary appeal lies in this unique land-to-building ratio. It suits buyers looking for space to garden, play, or potentially expand, without moving to a rural area. It’s ideal for someone who values outdoor privacy and sees long-term value in land, perhaps more than in a recently built home. The renovated basement adds functional living space, making it practical for families or those needing a flexible layout. This property would best suit a buyer with a vision—whether for creating a private urban oasis, accommodating multi-generational living with future additions, or simply securing a large parcel in a well-established community.
Frequently Asked Questions
1. How does the house size compare to the neighbourhood?
The living area is about average for Elm Park. The home’s value is driven more by its massive lot size and the desirable one-storey layout with a renovated basement, rather than by having an exceptionally large house.
2. The lot is huge. Are there any restrictions on what I can build?
While the lot offers tremendous potential, any new structures or major changes would require checking with the City of Winnipeg’s zoning bylaws and obtaining the necessary permits. The existing home’s footprint leaves ample room for possibilities.
3. The home was built in 1948. What should I expect?
As with any home of this age, a thorough inspection is essential. While the basement has been renovated, attention should be paid to the condition of core systems like plumbing, electrical, and the foundation, which are typical focal points for older character homes.
4. How does the assessed value relate to the likely selling price?
The assessed value ($460k) is for municipal tax purposes and is above the citywide average. It provides a benchmark, but the market sale price will be influenced by current demand, the property’s unique lot, and its condition. The last sale was in 2022 for $380k.
5. What is the neighbourhood like?
Elm Park is a mature, established area. The property’s lot size is exceptionally rare here, offering a level of privacy and space not commonly found. Nearby properties on Mager Drive are similarly situated on large lots, contributing to a quiet, spacious streetscape.