Property Summary: 752 Haney Street, Winnipeg
Key Characteristics & Appeal
This 1973-built, one-storey home in Elmhurst sits on a notably large, 10,006 sqft lot, offering substantial outdoor space that ranks in the top 6% of all properties in Winnipeg for size. With 1,196 sqft of living space and a finished basement, it provides practical, single-level living. Its appeal lies in a unique combination of a very private, expansive yard in a mature neighbourhood, coupled with a home that is modest in scale but ready for personal updates. The property’s rankings reveal a thoughtful perspective: while the house itself is average in size and age for its area, the land parcel is a significant and increasingly rare asset. It would perfectly suit buyers prioritizing space for gardens, recreation, or future additions over a turn-key, modern interior. It’s also a strong match for those seeking single-level living without sacrificing outdoor privacy, or for value-oriented investors who see potential in the underlying land value and the solid neighbourhood ranking.
Frequently Asked Questions
1. What does the ranking system mean?
The rankings show how this property compares to others in its immediate street, broader Elmhurst community, and all of Winnipeg. For example, being in the "top 6%" for lot size city-wide highlights the land as a premier feature, while other metrics like age show the home is older than many in the city but relatively newer than most on its street.
2. Is the large lot usable, or is it an odd shape?
While specific dimensions aren't provided, a lot of this size (over 1/4 acre) in a mature neighbourhood typically allows for generous backyard space, side yards, and potential for additions like a shed or deck. It's advisable to review the lot survey or view the street imagery for exact layout.
3. The home's assessed value is lower than the asking price. Why?
Municipal assessments for tax purposes often lag behind current market values and may not fully capture recent renovations or specific market demand for unique features like an exceptionally large lot. The assessment is one data point, but the sale price is determined by what buyers are willing to pay in the current market.
4. What are the pros and cons of a 1973-built home?
Pros include established neighbourhoods with mature trees and often solid construction from that era. Cons can include older mechanical systems (like plumbing or electrical) that may need evaluation or updating, and interior finishes that likely reflect the period and may feel dated.
5. How does the finished basement add value?
A finished basement effectively increases the usable living area beyond the 1,196 sqft main floor, providing flexible space for a family room, home office, or additional bedrooms. It’s a key feature that adds functional square footage without increasing the home’s footprint.