Property Summary: 525 Pepperloaf Crescent
Key Characteristics & Appeal
This is a well-established, single-storey home in the mature Roblin Park neighbourhood, built in 1960. Its primary appeal lies in its generous, private lot of over 12,500 square feet—a rare find that places it in the top 3% of all Winnipeg properties for land size. The home itself offers 1,167 sqft of living space with a finished basement and a detached garage.
The property suits buyers looking for a quiet, established area with significant outdoor space for gardening, recreation, or future expansion. It’s a solid, no-frills home where the value is anchored more in the land than in the dwelling's size or newness. It would particularly appeal to a practical buyer who sees potential in the existing structure and treasures privacy and space over a modern, turn-key interior. A thoughtful perspective is that this lot offers a long-term "land bank" value in a central area, where the existing house provides immediate utility while the expansive yard holds future potential.
Frequently Asked Questions
1. What is the neighbourhood like?
Roblin Park is a mature, family-friendly neighbourhood in Winnipeg known for its quiet, tree-lined streets and established community feel, offering a blend of residential comfort with convenient access to amenities.
2. Is the lot usable, or is it irregularly shaped?
While specific dimensions aren't provided, the lot is very large at 12,535 sqft. Prospective buyers should verify the exact layout and any easements, but the size suggests ample usable outdoor space.
3. What does "finished basement" include?
The listing confirms the basement is finished, but the specific rooms, ceiling height, and finish quality are not detailed. This would be a key point for a home inspection to assess.
4. How does the assessed value relate to the asking price?
The property has a municipal assessment of $376,000. It's important to note that assessed value is for tax purposes and the market price can differ based on condition, updates, and current market demand.
5. What are the implications of the home's age (1960)?
The age suggests potential for original components, like plumbing or electrical, which may need updating or inspection. However, homes of this era in established neighbourhoods are often solidly built and sit on desirable lots.