Property Overview: 571 Harstone Road, Winnipeg
Key Characteristics & Appeal
This is a well-situated, single-storey home in the Eric Coy neighbourhood, built in 1962. Its most defining feature is the exceptionally large, private lot of nearly 27,000 square feet, which places it in the top 1% of properties in Winnipeg for land size. The home itself offers 1,209 sqft of living space with a finished basement and an attached garage.
The primary appeal lies in the rare combination of a manageable single-level home on a vast, park-like property within the city. It offers immense potential for gardening, recreation, expansion, or simply enjoying private outdoor space—a rarity that is increasingly difficult to find. The property’s value is strongly anchored in its land. While the house is functional and updated, the true draw is the opportunity it presents.
This home would best suit a buyer who prioritizes land and privacy over a large or modern footprint. It’s ideal for someone with a vision for outdoor living, whether that’s for gardening, hosting, or future projects like a workshop or addition. It also appeals to those seeking a stable, established neighbourhood with the convenience of a single-level layout.
Frequently Asked Questions
1. What is the condition of the home given its age?
The home is from 1962, so prospective buyers should budget for updates to major aging components like the roof, windows, and mechanical systems. A thorough inspection is essential to understand the current state and any imminent capital needs.
2. Are there any restrictions on subdividing the large lot?
This is a key question. While the lot size suggests potential, subdivision is subject to strict municipal zoning bylaws, easements, and development rules. A buyer must consult directly with the City of Winnipeg’s planning department to investigate any possibilities or limitations.
3. What are the annual property taxes?
The current assessed value is $435,000. Taxes can be estimated using the City of Winnipeg’s mill rate, but confirming the exact annual amount with the listing agent or city records is crucial for accurate budgeting.
4. How does the finished basement present?
It’s important to clarify the basement’s finish level (e.g., basic rec room vs. fully legal suite), ceiling height, moisture control, and whether any renovations were permitted. This affects both livable space and value.
5. Why is the land value so dominant in the price?
In established neighbourhoods, available land is scarce. The price reflects the premium for a lot of this size, which offers privacy, space, and options that simply cannot be replicated in newer subdivisions with smaller standard lots.