Property Overview: 2021 Norris Road, Kil-Cona Park, Winnipeg
Section 1: Key Characteristics & Buyer Profile
This is a classic one-storey bungalow on an exceptionally large lot. Built in 1966, the home itself is modest in size at just over 1,000 sqft and has a below-average assessed value for its immediate neighbourhood and street. Its key updated feature is a renovated basement, adding functional living space. The property includes a detached garage.
The primary appeal lies in its land. The lot size of approximately 175,400 sqft (about 4 acres) is the standout feature, ranking in the top 1% citywide. This offers immense potential for privacy, gardening, recreation, or future expansion that is exceedingly rare within Winnipeg. The home presents a value-oriented entry into the Kil-Cona Park area, close to Kil-Cona Park itself and the Perimeter Highway for commuters.
This property would best suit a specific type of buyer: those who prioritize land over a large or modern house. It’s ideal for a hands-on buyer looking for a long-term project—whether that’s enjoying the expansive yard as-is, further renovating the existing home, or potentially considering future redevelopment possibilities. It’s less suited for those seeking immediate move-in luxury or maximum interior square footage without significant investment.
Section 2: Frequently Asked Questions
1. Is the price reflective of the home's condition or the land value?
The assessed value and historical sale price suggest the valuation is heavily influenced by the modest size and age of the dwelling. The premium for the massive, elite-tier lot size may not be fully captured in the current price, representing a key aspect of its value proposition.
2. What does "renovated basement" typically mean in a home of this era?
While specifics should be verified by a viewing and inspection, in a 1966 bungalow this often means updated finishes (like flooring and drywall) and possibly a modernized bathroom or living space. It’s important to check for proper permits, moisture control, and ceiling height to ensure the renovation meets your needs.
3. How does the large lot impact ongoing costs?
Property taxes are likely kept lower due to the home's modest assessment, but utility costs for heating an older, spread-out floor plan may be above average. Maintenance of the large yard (e.g., landscaping, snow clearing) will require more time, equipment, or expense than a standard city lot.
4. Are there any restrictions on using or subdividing the large lot?
This is a critical question. The potential for future subdivision, adding an accessory building, or even a tear-down rebuild is enticing but is strictly governed by the City of Winnipeg’s zoning bylaws. A buyer should investigate the specific zoning (e.g., R1, R2) and any development restrictions before making plans.
5. The home ranks below average on its street in several metrics. Is this a concern?
This indicates the immediate block may have larger or more updated homes. For the right buyer, this isn't a negative but rather an opportunity to acquire a similarly located property at a more accessible price point, with the unique advantage of a much larger parcel of land than the neighbours.