Property Overview: 50 Hollyburn Road, Heritage Park, Winnipeg
Key Characteristics & Appeal
This two-storey home in Heritage Park is defined by its balance of space, location, and modern practicality. Built in 1990, it is a notably newer construction compared to most homes in the neighbourhood, suggesting updated building systems and potentially fewer major maintenance concerns. With 1,180 sqft of living space and a renovated basement, it offers comfortable room for a small family or couple.
Its primary appeal lies in its generous 4,670 sqft lot, which is among the largest on Hollyburn Road. This provides valuable outdoor space and privacy—a significant asset in established areas. The home’s assessed value is consistently positioned around the average for its street, neighbourhood, and city, indicating a stable, mid-market investment without extreme premiums.
This property would best suit first-time buyers or downsizers seeking a manageable, low-maintenance home in a quiet area, with the bonus of a large yard. It’s also a pragmatic choice for value-conscious buyers who appreciate a home that is newer than its surroundings but isn’t looking for a full-scale renovation project.
Frequently Asked Questions
1. How does the lot size compare to the neighbourhood?
While the lot is elite for Hollyburn Road (top 3%), it is below the neighbourhood average. This means you get one of the larger yards on the street, but typical Heritage Park properties have even larger lots.
2. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the scope. Buyers should inquire about the finish quality, ceiling height, permits, and whether it includes a separate entrance or secondary suite potential.
3. Is the assessed value a reliable indicator of the selling price?
The home has sold twice recently (2019, 2020) at prices close to its current assessed value of $33.3k. This history suggests the assessment is aligned with market activity, but final sale prices are always subject to current market conditions.
4. With no garage, what are the parking options?
The listing notes no garage. Prospective buyers should verify driveway capacity and on-street parking regulations with the city to ensure it meets their needs.
5. Why is the year built a significant point for this home?
Built in 1990, this home is newer than over 98% of homes in Heritage Park. This is a less obvious advantage that can mean more modern wiring, plumbing, insulation, and windows compared to much older neighbourhood stock, potentially reducing immediate upgrade costs.