Property Summary: 833 Harstone Road
Key Characteristics & Appeal
This is a classic, single-storey home in the Eric Coy neighbourhood, built in 1959. Its defining and most compelling feature is the exceptionally large, private lot of nearly 30,000 square feet—a rare find within the city that places it in the top 1% of all Winnipeg properties for land size. The home itself is a manageable 1,028 sqft with a finished basement and an attached garage.
The primary appeal lies in the extraordinary outdoor space and long-term potential. The lot offers immense privacy and room for gardens, recreation, or future expansion, appealing to those who value space over sheer square footage of living area. It suits a practical buyer—perhaps a downsizer seeking a bungalow with minimal stairs but ample yard, a family looking for a blank-canvas backyard, or an investor/developer who recognizes the ultimate value is in the land. While the house is older and average in size for the area, its standout lot rankings suggest a unique opportunity to own a property that is increasingly scarce in an urban setting.
Frequently Asked Questions
1. Is the large lot a benefit or a burden?
It is a significant benefit for privacy and potential use, but buyers should consider the associated maintenance (like lawn care or snow clearing) and whether the property taxes reflect the valuable land.
2. How does the age of the home (1959) affect things?
While the home has been maintained, its age means systems like plumbing, electrical, and the roof should be carefully inspected. The classic bungalow layout is functional, but may require updates to suit modern tastes.
3. The home size ranks lower than the lot size. What does that mean?
This indicates the living space is modest compared to other area homes, but the property's overall value is heavily weighted toward its land. It's ideal for those who prioritize outdoor space over a large interior footprint.
4. What is the significance of the high assessment value ranking?
The assessment ranks higher than the home size rankings, suggesting the city's valuation recognizes the premium value of the lot itself, not just the dwelling.
5. Is this a good candidate for a major renovation or rebuild?
Given the lot's top-tier size and privacy, the property has strong potential for a significant renovation or even a future rebuild, making it a strategic purchase for someone with a long-term vision.