Property Overview
This 1962-built, one-storey home on Pepperloaf Crescent offers a distinct blend of space, location, and potential. Its primary appeal lies in its exceptionally large, 11,442 sqft lot in the established Roblin Park neighbourhood—a rare find that places it in the top 4% of all Winnipeg properties for land size. The home itself is a manageable 1,027 sqft bungalow with a finished basement, presenting a straightforward layout. While the interior square footage and assessed value are modest relative to the area, the property’s standout feature is the significant land parcel, which provides ample room for gardening, expansion, or future redevelopment.
This property would suit a practical buyer who values outdoor space over a large interior footprint. It’s ideal for someone looking for a solid starter home with immense yard potential, a downsizer seeking a manageable house with room for hobbies, or a long-term investor attracted by the underlying land value in a mature community. Its appeal is less about current luxury and more about the tangible asset of the lot and the quiet, established setting.
Key Questions for Consideration
1. What is the true value proposition here?
The value is heavily weighted toward the land. You are purchasing a sizable lot in a well-regarded neighbourhood, with a functional home included. Future potential, whether for personal enjoyment or investment, is a central part of the appeal.
2. What should I know about a home built in the 1960s?
While built to last, a home of this age will likely have original or aging core components. A thorough inspection is essential to understand the condition of the roof, foundation, plumbing, electrical systems, and windows, and to budget for any necessary updates.
3. The rankings show mixed results; how should I interpret them?
The data reveals a property of contrasts. It ranks highly for its massive lot size but lower for interior space and recent sale price within its immediate area. This underscores the profile: a premium lot with a modest home, which may explain its pricing strategy.
4. There’s no garage; is that a major drawback?
For some buyers, yes. It means relying on driveway parking and having no dedicated workshop or storage space. However, the vast lot does offer the possibility of adding a garage or shed in the future, subject to local bylaws.
5. How does the 2020 sale price relate to the current asking price?
The previous sale provides a recent market benchmark. The difference between that price and the current assessment/asking price can reflect market changes, improvements made, or the seller’s valuation of the lot’s unique potential. It’s a useful data point for understanding market movement and opening price discussions.