Property Summary: 685 Harstone Road
Key Characteristics & Appeal
This is a well-established, single-storey home on an exceptionally large, half-acre lot in Winnipeg's Eric Coy neighbourhood. Built in 1970, the 1,133 sqft house features a finished basement and a detached garage. Its standout characteristic is the land itself—over 22,000 sqft—which places it in the top 1% of properties in Winnipeg for lot size. This offers immense privacy and space rarely found within the city.
The appeal lies in this unique balance of a manageable, single-level home footprint paired with vast outdoor potential. It suits buyers who prioritize space and privacy over a large or modern house. It’s ideal for someone seeking a quiet retreat, gardening or hobby farm enthusiasts, or a family looking for extensive play space. The property also presents a clear value proposition for future expansion or redevelopment, given the premium lot size. While the home's interior size and age are average for the area, the land is a standout asset that offers both immediate enjoyment and long-term flexibility.
Frequently Asked Questions
1. What does the ranking data actually mean?
The rankings compare this property to others on its street, in Eric Coy, and across all of Winnipeg. For example, being in the top 1% city-wide for lot size means it's larger than 99% of Winnipeg properties. This is its most competitive feature.
2. Is the house itself in good condition?
The listing confirms a finished basement, but as a 56-year-old home, a thorough inspection is essential to understand the condition of major systems like roof, plumbing, and foundation, which are typical considerations for a property of this age.
3. What are the possibilities for the large lot?
Beyond gardening and recreation, a lot of this size (half an acre) could potentially accommodate additions like a large workshop, secondary suite (subject to zoning and permits), or even future subdivision, making it a strategic long-term holding.
4. Who is this property not well-suited for?
It may not suit buyers seeking a modern, turn-key home or those who prefer a low-maintenance yard. The home's living space is modest relative to the lot, and the upkeep of a large property is a significant consideration.
5. How does the assessed value relate to the asking price?
The municipal assessment is $426,000, which is a benchmark for property taxes. The eventual listing or sale price is determined by the market and will heavily reflect the premium value of the land, often exceeding the assessed value for a unique lot like this.