Property Overview: 665 Haney Street, Winnipeg
Key Characteristics & Appeal
This 1955-built, one-storey home in Elmhurst sits on a notably large, nearly 9,000 sqft lot, offering a rare blend of space and established character. Its key appeal lies in this generous outdoor footprint within the city, providing ample room for gardening, play, or future expansion. With 1,290 sqft of living space and a finished basement, the home offers functional, single-level living. Recent market activity is confirmed by a 2022 sale.
The property’s competitive rankings reveal a nuanced picture: while its lot size ranks in the top 8% city-wide, the home itself is older than most in its immediate neighborhood. This positions it as an ideal opportunity for a specific buyer: someone who values land size and potential over a modern turn-key home. It would suit a buyer looking for a solid foundation in a mature area—perhaps a family seeking outdoor space, a renovator with a vision to update the interior while leveraging the excellent lot, or a long-term investor attracted by the enduring value of large parcels in established communities.
Frequently Asked Questions
1. How does the age of the home (1955) affect its condition and value?
While older than 98% of homes in Elmhurst, the home has been maintained, with a finished basement and a recent transaction history. The value is significantly supported by the lot size. A thorough inspection is recommended to understand the condition of major aging components like the roof, plumbing, and wiring.
2. What are the advantages of such a large lot?
The nearly quarter-acre lot is a standout feature, offering privacy, space for recreation, and significant future potential. It allows for possibilities that are rare in the city, such as adding a large deck, workshop, or even an addition, subject to zoning bylaws.
3. The 2022 sale price was higher than the current assessed value. Why?
Assessed value is for municipal tax purposes and can lag behind the dynamic real estate market. The 2022 sale price is a concrete data point reflecting what a buyer recently paid, which can be a more current indicator of market value than the assessment.
4. Is the finished basement included in the listed living area?
No. The 1,290 sqft living area refers to the above-ground footprint. The finished basement provides additional flexible space but is not counted in the official square footage, meaning the home offers more usable space than the main figure suggests.
5. What does the ranking data actually tell me about this property?
It provides context. For example, ranking in the top 8% for lot size in Winnipeg highlights a premier feature. Conversely, ranking in the bottom 2% for building age in Elmhurst clarifies that this is one of the older homes in the area, which may influence renovation costs or style. It’s a tool for comparing specific attributes against local benchmarks.