Property Overview
609 Haney Street is a classic one-storey home in Winnipeg's Elmhurst neighborhood, built in 1938. Its primary appeal lies in its exceptionally large, 11,398 sqft lot, which places it in the top tier of properties in Winnipeg for land size. The house itself offers 1,376 sqft of living space with an unfinished basement, presenting a solid foundation. While the home is older and may require updates, its value is anchored in the rare potential of its expansive grounds. This property would perfectly suit a buyer looking for a long-term project—whether that's renovating the existing home to modern standards, adding significant additions, or simply enjoying one of the city's more generous private outdoor spaces. It’s a home for a visionary who sees the value in land and is prepared to invest sweat equity or capital over time.
Key Details & FAQs
Key Characteristics:
- Type & Size: A 1,376 sqft one-storey home on an 11,398 sqft lot.
- Condition: Built in 1938; features an unfinished basement.
- Land Appeal: The lot size is its standout feature, ranking in the top 4% of all Winnipeg properties, offering exceptional outdoor potential and rarity.
- Ideal Buyer: A hands-on buyer, renovator, or someone prioritizing massive yard space over a move-in-ready home. It's a property for building future value.
Frequently Asked Questions:
1. What does the ranking data actually mean?
The rankings compare this property to others on its street, in Elmhurst, and across all of Winnipeg. Key takeaways: its lot size is outstanding (top 4% in the city), while the home's age and recent sale price are well below average, highlighting the land-value proposition.
2. Is the price based on the recent sale history?
The current assessed value is $364,000. It last sold in August 2022 for $283,000. This suggests the market may see significant potential value, likely in the land, that has been captured in the current assessment.
3. What are the less obvious pros and cons of such a large lot?
Beyond space for gardens or pools, a lot this size in the city offers long-term flexibility for additions, a separate garage/workshop, or even future subdivision (subject to zoning). The trade-off is significantly higher maintenance (lawn care, snow clearing) and potentially higher property taxes based on land value.
4. What should I budget for beyond the purchase price?
Given the age (1938) and the unfinished basement, buyers should plan for potential updates to major systems like plumbing, electrical, or insulation. Renovation costs and landscaping for a lot this size should be factored into long-term planning.
5. How does the unfinished basement affect living space?
It provides ample storage and mechanical space but does not contribute to the listed 1,376 sqft of finished living area. It represents both a cost (to finish it) and an opportunity to add customized additional living space in the future.