Property Overview: 458 Greenacre Boulevard, Winnipeg
Key Characteristics & Appeal
This is a compact, one-storey home built in 1956 on a notably generous lot in the Kirkfield neighbourhood. Its primary appeal lies in the land itself—at nearly 6,000 square feet, the lot size is well above average for the immediate street and offers significant potential for gardening, expansion, or future redevelopment. The house is modest, with a living area of 816 sq ft that is below average for the area, and it features a detached garage. There is no basement or pool.
The property suits practical, value-oriented buyers. It’s a clear candidate for a land-value purchase, ideal for an investor, a builder, or a hands-on homeowner willing to renovate or rebuild over time. It could also appeal to a minimalist buyer or someone looking for a manageable, single-level living space without the upkeep of a larger home. A less obvious perspective is that this home represents a strategic entry into a mature neighbourhood where the value is increasingly tied to the land parcel rather than the existing structure, offering a chance to secure a footprint that newer subdivisions rarely provide.
Frequently Asked Questions
1. Why is the assessed value so much lower than the city-wide average?
The assessed value reflects the property's current state, considering the home's smaller size, age, and lack of a basement. It is primarily a reflection of the existing structure, not the potential of the land.
2. What are the implications of not having a basement?
It limits storage and potential for below-ground living space or utilities. Any future expansion would need to be built outward or upward, which is where the large lot becomes a major asset.
3. How does the lot size compare meaningfully to nearby properties?
On Greenacre Boulevard, this lot ranks 11th largest out of 55, placing it in the top 20%. This is the property's standout feature, offering more outdoor space and future potential than most direct neighbours.
4. The last sold price (2017) seems very low. Is that accurate?
The displayed range is based on public data. For the exact historical sold price, you can request it via email from the site. The listed range indicates it has been a lower-value property for some time.
5. What type of buyer would this property not suit?
It would not suit buyers seeking a move-in-ready home, those who need significant indoor living space, or anyone uncomfortable with a property where the main appeal is long-term potential rather than immediate convenience.