75 Lonsdale Drive

Property Overview: 75 Lonsdale Drive, Heritage Park, Winnipeg

Section 1: Key Characteristics & Appeal

This 1964-built, four-level split home in Heritage Park offers a practical layout with 1,482 sqft of living space and a renovated basement. Its standout feature is the generous 8,407 sqft lot, which is significantly larger than most in the immediate area, city-wide, and on the street itself. This provides valuable outdoor space and potential in a mature neighbourhood.

The home’s appeal lies in its balance. It presents as a solid, no-frills property with above-average land size, situated in a stable community. The living space is comfortably average for the area, and the renovated basement adds functional, modernized square footage. It suits practical buyers looking for a home with room to breathe outdoors without a premium price tag, such as young families seeking space for children to play, DIY enthusiasts who value a large yard for projects or gardening, or value-oriented purchasers who see potential in the land size over a more modern build. It’s a home for those who prioritize lot size and neighbourhood character over having the newest house on the block.

Section 2: Frequently Asked Questions

1. How does the home’s age affect its value and condition?
Built in 1964, it is older than most homes on its street and in Heritage Park. This typically means maintenance items like the roof, windows, and major systems should be carefully inspected, but it also comes with the established charm and mature landscaping of an older neighbourhood.

2. What does the "renovated basement" include?
The listing confirms a renovated basement but does not specify the scope. A professional inspection or inquiry with the seller is recommended to determine the quality of the renovation, whether it includes a legal secondary suite, and if any permits were obtained for the work.

3. Why is the assessed value notably lower than some city-wide averages shown?
The assessed value of $33.50k is a municipal assessment for tax purposes, not a market price. The comparative city-wide average shown (~$390k) appears to be a market benchmark. The discrepancy highlights that this property’s municipal assessment is relatively low compared to its peer group, which can be an attractive point regarding annual property taxes.

4. With no garage, what are the parking options?
The property has no garage. Buyers should verify the driveway capacity and on-street parking regulations with the city to ensure it meets their needs, especially during Winnipeg winters.

5. The lot is large, but how usable is it?
While the lot size is a major asset, its usability depends on factors like topography, sun exposure, and the placement of the house. A viewing will clarify if the yard is level, sunny, and private, making it ideal for recreation, or if its value is primarily in the land itself.