Property Summary: 755 Harstone Road, Winnipeg
Key Characteristics & Appeal
This is a distinctive, one-storey home on an exceptionally large, mature lot of nearly one acre (43,516 sqft) in the Eric Coy neighbourhood. Built in 1956, the 1,300 sqft home features a finished basement. Its standout characteristic is the land itself, which places it in the top 1-2% of properties locally for lot size, offering rare privacy and space for gardens, recreation, or future expansion within the city.
The appeal lies in a unique value proposition: it trades the modern features of a newer home for a remarkable amount of private outdoor space. It suits a specific buyer: those prioritizing land over a turnkey, updated interior. It would be ideal for someone seeking a quiet retreat, a gardening enthusiast, a family wanting ample play space, or a visionary buyer who sees long-term potential in the sizable lot, whether for enjoyment or future redevelopment. The recent sale price below the assessed value may indicate an opportunity for the right person willing to invest in updates.
Frequently Asked Questions
1. What does the ranking data actually tell me?
The rankings show the home's competitive position. Its lot size is elite (top 1%), but the building is older and more modest in size compared to peers. This highlights the trade-off: you are acquiring a premier piece of land with a functional, older home on it.
2. Is the large lot a benefit or a burden?
It's both. It offers unparalleled privacy and potential, but also requires more maintenance (lawn care, landscaping) than a standard city lot, which should be factored into ongoing costs and time.
3. Who might this property not suit?
Buyers seeking a modern, low-maintenance home or who do not value a large outdoor space may not find value here. The investment is primarily in the land, with the home likely needing updates over time.
4. The home sold for less than its assessed value. Why?
This can happen for several reasons, including the property's specific condition, the dated nature of the 70-year-old home, or market timing. It often reflects that the market valued the total package—the older house on a premium lot—differently than the municipal assessment formula.
5. What should I investigate about the finished basement?
Given the home's age, it's crucial to understand the basement's finish quality, ceiling height, moisture control, and compliance with any permits. This will help assess its true value as living space.