Property Summary: 576 Pepperloaf Crescent
Key Characteristics & Appeal
This is a well-situated, fully bungalow on an exceptionally large, mature lot in Roblin Park. Its primary appeal lies in the rare combination of a 1940s-era one-storey home with a fully finished basement and a land parcel of nearly 12,000 square feet, which places it in the top 4% of Winnipeg for lot size. This offers significant space for privacy, gardening, or future expansion.
The home suits two main types of buyers. First, it's ideal for those seeking single-level living or looking to downsize into a manageable footprint without sacrificing outdoor space. Second, the massive lot presents a clear opportunity for investors or builders, as the property's value is heavily anchored in the land itself. A thoughtful perspective is that while the house is older, its above-average living area and finished basement provide immediate, functional living space while the long-term asset appreciates. It’s a property that balances present utility with future potential.
Frequently Asked Questions
1. What does the ranking data actually mean?
The rankings compare this property to others on its street, in Roblin Park, and across all of Winnipeg. For example, its lot size ranks in the top 4% city-wide, which is exceptional. Its living space is also above average locally. However, its age and assessed value rank it as older and of moderate value within its immediate area, indicating the existing house is typical for the neighbourhood.
2. Is the large lot a benefit or a burden?
It is a major asset for privacy and potential, but it also means higher property taxes relative to the house's assessed value and more maintenance (e.g., lawn care, snow clearing). For the right buyer, the benefits far outweigh the upkeep.
3. What should I consider about a house built in 1946?
While offering solid construction and character, key systems like plumbing, electrical, and the foundation should be carefully inspected. The fully finished basement is a plus, but ensure the finishing was done with proper permits and moisture control.
4. Who would this property not suit?
It may not suit buyers seeking a modern, turn-key home without any renovation projects, or those who view a large yard as unwanted maintenance. It's also less ideal for buyers whose primary goal is rapid price appreciation based on the existing structure alone.
5. How significant is the lot's development potential?
The lot's size is its most striking feature. While subject to zoning bylaws, it could potentially allow for additions, a garden suite, or future redevelopment. This makes it a unique holding in a mature area, appealing to both long-term homeowners and land investors.