This home is defined by its substantial scale and mature setting. Its primary appeal lies in the generous 12,475 sqft lot, offering rare space and privacy within the city, and the above-average 2,166 sqft living area. The property ranks highly for both lot and home size within its neighborhood and across Winnipeg, indicating a standout offering in terms of space. It suits buyers looking for a project-in-waiting: those with a vision to modernize a solid, character home from 1944 and capitalize on its excellent outdoor space. It’s ideal for a family seeking room to grow, a multi-generational household, or a hands-on buyer who values long-term potential over immediate move-in perfection. A less obvious perspective is the value of the "blank slate" basement; while currently unfinished, it presents a straightforward opportunity to add significant living space or rental income without the complications of an older, dated renovation.
-
What are the immediate priorities for updating this home? Given its 1944 build date, a professional inspection is essential to assess the condition of major systems like plumbing, electrical, and the roof. Modernizing these core systems would likely be the first priority before cosmetic updates.
-
How does the "One & 1/2 Storey" design affect the layout? This style typically features main living areas on the ground floor with bedrooms on the main and a smaller second level. Buyers should verify the specific room configuration to ensure it meets their needs for bedroom count and ceiling heights on the upper level.
-
What is the potential for the lot? The exceptionally large lot is a major asset. Beyond gardening, it offers potential for future additions like a garage, workshop, or extensive outdoor living spaces. It's worth investigating local zoning bylaws for any subdivision possibilities, though that is often a complex process.
-
Why is there a significant gap between the high rankings for size and the lower ranking for assessed value? The high rankings for lot and living area confirm you are getting substantial physical assets. The more moderate assessment value likely reflects the home’s age and need for modernization, suggesting a price that accounts for the upcoming investment required from the buyer.
-
Is the unfinished basement a pro or a con? This depends on the buyer’s goals. It’s a con for those wanting a fully finished home immediately. However, it’s a significant pro for those who want to customize the space to their exact specifications—such as creating a legal suite, a home theatre, or a gym—without first paying to demolish an existing, potentially poor-quality finish.