Property Overview: 673 Harstone Road
Key Characteristics, Appeal & Ideal Buyer
This property is defined by its exceptionally large, 35,350 sqft lot, which places it in the top 1% of all residential properties in Winnipeg for land size. The home itself is a modest 960 sqft, one-storey bungalow built in 1959, featuring an unfinished basement and a detached garage. Its primary appeal lies not in the house, but in the land. It offers immense potential for expansion, redevelopment, or simply enjoying a rare degree of private outdoor space within the city. The rankings indicate the house itself is older and smaller than most in its area, but the lot is a standout asset.
This home would best suit a buyer with a vision. It’s ideal for someone looking for a long-term project—whether that’s a major renovation, building a new primary residence, or adding a secondary suite. It could also appeal to a buyer who values privacy, gardening, or outdoor recreation space above interior square footage. The value proposition is clear: you are purchasing a premium piece of land with a functional, existing structure.
Frequently Asked Questions
1. What does the "top 1%" lot ranking actually mean?
It means this property's land size is larger than 99% of all residential properties in Winnipeg, offering a level of space and potential that is extremely uncommon in the city.
2. Is the house in livable condition, or is this a teardown?
The listing confirms a functional, 960 sqft home with an unfinished basement. It is livable but presents an opportunity for significant modernization or expansion to match the caliber of the lot.
3. What are the possibilities for this large lot?
Beyond a simple renovation, the lot size could potentially accommodate additions, a workshop, extensive landscaping, or even future subdivision, subject to all municipal zoning and planning approvals.
4. Why is the assessed value relatively moderate given the lot size?
Municipal assessments often weigh the existing dwelling heavily. The modest size and age of the current home likely keep the assessment lower, which can be an advantage for property taxes, but the market value will reflect the land's premium potential.
5. What should I consider about the neighborhood given the property's mix of rankings?
The community highly values large lots, as shown by the lot ranking. The fact that the existing home ranks lower in size and age suggests the area may have a mix of original homes and newer, larger developments, indicating a neighborhood in transition or one that welcomes substantial upgrades.