Property Overview & Key Characteristics
This two-storey home, built in 1977, is situated on a large, mature lot of approximately 10,500 square feet in Southboine. Its primary appeal lies in the combination of generous space and a well-established, quiet neighbourhood setting. With nearly 2,300 square feet of finished living space, including a developed basement, it offers ample room for a growing family or those who value separate living areas. The property’s standout characteristic is its significant lot size, which ranks in the top 5% of Winnipeg, providing rare potential for gardening, recreation, or future expansion.
The home’s value is further underscored by its strong city-wide rankings for both lot and living area, suggesting it offers more physical space than the vast majority of Winnipeg properties. It would suit buyers looking for a solid, spacious family home in a mature neighbourhood, who prioritize land size and interior square footage over newer construction or modern finishes. A thoughtful perspective for this property is to see it as a "canvas home"—its value is anchored in its generous proportions and land, making it well-suited for buyers who are willing to undertake gradual updates to tailor the interior to their tastes over time.
Frequently Asked Questions
1. How does the age of the home (built in 1977) affect its condition and potential costs?
While the home has been maintained, buyers should budget for updates common to houses of this era, such as windows, roofing, or mechanical systems. A thorough home inspection is essential to understand the current state of these components.
2. What are the implications of having no garage?
The lack of a garage means all vehicle parking is outdoors. Buyers should consider the cost and feasibility of adding a garage or carport in the future, though the large lot size does provide the space to do so, subject to local bylaws.
3. The lot is very large. Are there any restrictions on how it can be used?
While the size offers great potential, any significant changes like building an addition, a large shed, or a pool would require checking with the city for zoning bylaws, setback requirements, and necessary permits.
4. The home ranks highly for size but lower for its "newness" in the area. What does this mean?
This indicates the home is larger than most in Winnipeg, but on its own street and in the immediate neighbourhood, there are newer homes. This can be appealing for buyers seeking more house for their budget, accepting that some finishes may be dated compared to neighbouring properties.
5. The assessment value is noted. Should we expect to pay around that price?
Municipal assessments are for tax purposes and are not a direct indicator of market value. The sale price will be determined by current market conditions, the home's specific features, and its condition compared to recently sold homes in the area.