Property Overview: 781 Pepperloaf Crescent, Winnipeg
Key Characteristics & Appeal
This home presents a unique proposition centered on land and location. Its primary appeal lies in the exceptionally large, approximately 21,288 sqft lot in the established Roblin Park neighbourhood, placing it in the top 1% of properties in Winnipeg for lot size. The house itself is a 1.5-storey character home built in 1945, with a modest 1,068 sqft of living space and a finished basement. While the home's age and size rank lower compared to newer builds, the property's immense value is anchored in its land. It offers a rare opportunity for a peaceful, green retreat within the city, suited for buyers who prioritize expansive outdoor space, garden potential, and future redevelopment possibilities over a large, modern footprint. This property would perfectly suit a downsizer seeking a manageable home with a spectacular yard, a buyer with a vision to renovate or expand the existing structure, or an investor who recognizes the long-term value of a large lot in a prime, mature community.
Frequently Asked Questions
1. What does the age of the home (1945) mean for maintenance?
Prospective buyers should budget for and expect updates consistent with an 81-year-old home. This includes potential attention to original plumbing, electrical systems, windows, and the roof. A thorough pre-purchase inspection is essential to understand the condition and any immediate needs.
2. The lot is huge, but is there any potential for subdivision or building a new home?
This is a key question. While the lot size is certainly conducive to such plans, any subdivision, major addition, or rebuild would be subject to the City of Winnipeg's zoning bylaws, development permits, and community guidelines. A buyer with these intentions must consult with the city planning department first.
3. How does the "finished basement" affect the living space?
The finished basement adds functional space, but it's important to clarify the finish level, ceiling height, and whether it includes proper egress windows. In a home of this era, the basement finish may be more utilitarian or dated, supplementing the main floor living area rather than mirroring it.
4. The rankings show the house is older and smaller than most, but the lot is among the largest. How does this affect value?
This dynamic is central to the property's value proposition. The assessment and market value are significantly driven by the land asset. Buyers are effectively investing in the location and the potential of the parcel, with the existing house representing a usable structure that can be maintained, improved, or eventually replaced.
5. What is the neighbourhood character of Roblin Park?
Roblin Park is a long-established, quiet neighbourhood known for its mature trees, larger lot sizes, and a mix of original character homes and newer renovations. It offers a settled, community-oriented feel with good access to parks, the Assiniboine River, and major routes, appealing to those seeking a serene in-city environment.