Property Overview & Key Characteristics
193 Scotia Street is a classic one-storey home on an exceptionally large, mature lot in Winnipeg's Luxton neighbourhood. Built in 1956, its primary appeal lies in the combination of a renovated basement and a truly standout piece of land. At nearly 14,000 square feet, the property lot size ranks in the top 1% of the neighbourhood and top 3% city-wide, offering rare potential for expansion, gardening, or outdoor living.
The home itself, with 1,243 sqft of living space, is modest in size relative to the land. Its assessed value is notably high for the area (top 2% in Luxton), which often reflects desirable lot characteristics or improvements not fully captured in basic stats. The detached garage adds practical utility. This property would best suit a buyer who values land over square footage—someone looking for a solid starter home with incredible outdoor space, or a long-term holder who sees the underlying value in a large, urban lot. It’s a practical choice for those comfortable with a 70-year-old home’s upkeep, potentially trading immediate modern finishes for future potential and space.
Frequently Asked Questions
Q: What does the high assessed value relative to the neighbourhood actually indicate?
A: While the home is modest, an assessed value in the top 2% for Luxton suggests the city sees significant value here, likely driven by the premium lot size, the renovated basement, and overall property condition compared to nearby benchmarks.
Q: Is the large lot mostly usable, or are there restrictions?
A: The lot size is a major asset, but buyers should verify zoning bylaws with the city to understand any development or subdivision potential, setback requirements, or easements that might affect how the space can be used.
Q: How does the living area compare to nearby homes?
A: At 1,243 sqft, the living space is fairly average for the area (top 54% in Luxton). The value proposition is not sheer indoor size, but the generous outdoor space attached to a comfortably sized home.
Q: The home is 70 years old. What should I prioritize in an inspection?
A: Beyond standard systems, pay close attention to the foundation and drainage, given the home's age and the large lot. Also, verify the quality and permits for the basement renovation, and check the condition of the detached garage.
Q: Why are the "year built" rankings so different from the "lot size" rankings?
A: The home is newer than many in Luxton (top 7% for year built in the neighbourhood), which can be an advantage. However, its extraordinary lot size is an even rarer find, ranking significantly higher. This highlights the property's unique blend of a relatively newer home on a legacy-sized lot.