Property Overview: 767 Harstone Road
This 1983-built bi-level home in Winnipeg’s Eric Coy neighborhood presents a unique blend of space, value, and potential. Its primary appeal lies in its exceptionally large, nearly 12,000 sqft lot—a rarity that places it in the top 4% of all properties in Winnipeg for land size. The home itself features 1,068 sqft of living space with a finished basement and an attached garage. While the interior space is more modest relative to the lot, the property’s assessed value of $434,000 offers solid equity positioning, ranking above 72% of Winnipeg homes. It suits buyers prioritizing outdoor space for gardening, recreation, or future expansion over immediate square footage, and those who see value in a property where the land itself is a significant and appreciating asset.
Key Details & FAQs
Key Characteristics & Appeal:
The defining characteristic is the vast, private lot, offering immense potential for landscaping, adding a deck or patio, or even future additions. The home is a practical bi-level with a finished basement, providing flexible living space. Its appeal is for the value-conscious buyer or visionary who recognizes that the land is the long-term investment here. It’s well-suited for first-time buyers looking for room to grow outdoors, downsizers who want a manageable home with generous garden space, or investors who see the underlying lot value in a mature neighborhood. A thoughtful perspective is that while the home’s interior ranks average for its immediate area, the lot size is an outstanding and irreplaceable feature that fundamentally differentiates it.
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 4% for lot size city-wide highlights its most exceptional feature, while the interior space rankings confirm it’s a more standard-sized home for the area.
2. Is the house too small for such a large lot?
Not necessarily. For many, it represents a balance of affordable living space with unparalleled outdoor potential. It’s ideal if you value large gardens, privacy, or outdoor entertaining more than a large interior footprint.
3. What are the implications of a 1983 build year?
A 43-year-old home is mature but not historic. It likely benefits from modernized building codes compared to older homes but will require due diligence on the condition of major systems like roof, windows, and HVAC, which may be nearing or past their typical lifespans.
4. Who would this property NOT suit?
It may not suit buyers seeking a large, move-in-ready home with extensive finished square footage or those unwilling to consider future renovations or landscaping projects to fully utilize the lot's potential.
5. How does the assessed value relate to the listing price?
The assessed value ($434,000) is for municipal tax purposes and indicates the city’s appraisal of the property’s worth. A listing price close to or above this suggests the market value aligns with or exceeds the city’s assessment, which is common for properties with standout features like this lot.