551 Pepperloaf Crescent

Property Overview: 551 Pepperloaf Crescent

This well-established Roblin Park home presents a compelling opportunity for buyers seeking space, privacy, and value in a mature neighbourhood. Built in 1969, this one-storey bungalow sits on an exceptionally large, 13,500 sqft lot, placing it among the top 3% of properties in Winnipeg for land size. With 1,470 sqft of living space and a finished basement, it offers practical, single-level living. Recent data shows it sold for $415,000 in September 2024, below its current assessed value of $439,000. Its appeal lies not in modern luxury, but in its generous grounds and solid foundational metrics within a sought-after community.

Key Characteristics & Ideal Buyer

The home’s primary strength is its substantial lot, offering rare potential for expansion, gardening, or outdoor recreation within the city. The rankings indicate it consistently outperforms most comparable homes in its immediate area and across Winnipeg for lot size and living space. While the structure itself is from the late 1960s, it provides a clean, functional layout with a finished basement and a detached garage. This property would perfectly suit a buyer looking for a long-term family home with room to grow, a downsizer wanting main-floor living without sacrificing yard space, or a value-oriented purchaser who sees potential in the land and is prepared for the maintenance or updates a home of this age may require. Its appeal is grounded in space and location over turn-key finish, ideal for those who prioritize land and see a property as a canvas.

Frequently Asked Questions

1. What does the ranking data actually mean?
The rankings compare this home against others on its street, in Roblin Park, and across all of Winnipeg for specific metrics. For example, being in the "top 3%" for lot size in Winnipeg means only 3% of city properties have a larger lot. It’s a quick way to see where this property has competitive advantages.

2. Is the price fair given it sold recently for $415,000?
The recent sale price can be a strong indicator of current market value. The fact it sold below its assessed value could reflect the property’s condition, specific market conditions at the time, or the motivations of the previous seller. It provides a concrete, recent benchmark for negotiation.

3. What are the implications of a 1969 build date?
While the home has proven durability, buyers should budget for age-related updates. Key systems like roofing, plumbing, electrical, and windows may be at or beyond their typical lifespan. A thorough inspection is essential to understand the home’s mechanical condition and any needed investments.

4. How usable is a 13,500 sqft lot in practice?
This is a very significant amount of land for a city property. Beyond a large yard, it offers possibilities like adding a detached workshop or garage, creating extensive garden beds, or even future subdivision potential (subject to city zoning bylaws and approvals). It also provides exceptional privacy and distance from neighbours.

5. Who is this home not suited for?
It may not suit buyers seeking a modern, low-maintenance, or immediately updated home without any projects. Those preferring a brand-new build, a small yard, or a condominium lifestyle would likely find this property and its sizable lot to be more responsibility than they desire.