Property Overview: 544 Harstone Road
Key Characteristics & Appeal
This is a classic, well-established home in Roblin Park, built in 1948, sitting on an exceptionally large and rare lot of over 20,000 square feet. The house itself is a one-and-a-half storey with 1,241 sqft of living space and a finished basement. It features a detached garage and recently sold for $475,000, which was above its assessed value.
The primary appeal lies in the extraordinary land size, which is in the top 1% for all of Winnipeg. This isn't just a yard; it's a private, park-like setting offering immense potential for gardening, recreation, expansion, or future redevelopment. The home ranks highly within its desirable community for both lot size and value. It suits buyers looking for a solid home in a mature neighbourhood with the added, long-term value of land equity. It's ideal for someone who sees the property itself as a canvas—whether that means enjoying the mature greenery as-is, planning significant landscaping projects, or considering the lot's future development potential. The recent sale also indicates a move-in-ready home that the market has validated as a sound investment.
Frequently Asked Questions
1. What does "ONE & 1/2 STOREY" mean for living space?
Typically, this style features main-floor living areas with a second floor under sloped rooflines, often containing cozy bedrooms or bonus spaces. It offers more character and a different layout than a standard two-storey.
2. The house was built in 1948. What should I be aware of?
While the recent sale suggests it's habitable and updated, a pre-purchase inspection is crucial to understand the condition of major aging components like the roof, plumbing, electrical, and foundation, common for homes of this era.
3. How significant is a 20,250 sqft lot in Winnipeg?
It's very significant. This lot size is exceptionally rare within the city, especially in established neighbourhoods. It offers a level of privacy and space that is nearly impossible to find in newer subdivisions.
4. The rankings show the lot is top 1%, but the house is average in size for the area. What does that mean?
It highlights that the property's value is heavily weighted toward the land itself. You are purchasing a premium parcel in a great community, with a functional home on it. This often appeals to buyers who prioritize outdoor space over sheer interior square footage.
5. Why did it sell for more than its assessed value?
Municipal assessments for tax purposes often lag behind current market values, especially in active markets or for unique properties. The sale price reflects what competitive buyers were recently willing to pay, recognizing the premium for the lot and the home's condition.