Property Overview & Key Characteristics
This two-storey home on Edgemont Drive is defined by its substantial, mature lot and generous living space within a well-established Southdale neighbourhood. Its primary appeal lies in the rare combination of a very large, 14,383 sqft property—ranking in the top 1% for lot size on its street—and a renovated basement, offering immediate functional space. At nearly 2,000 sqft, the living area is notably larger than many neighbouring homes, providing ample room for a growing family or those who value space.
The property suits buyers looking for a long-term family home where the land itself is a major asset, offering potential for gardening, recreation, or future expansion. It’s ideal for those who appreciate established communities with larger, private yards but do not want the maintenance of a pool. A thoughtful perspective is that while the home was built in 1976, the significant lot size is something that cannot be replicated in newer subdivisions, making it a appreciating feature. Buyers should be prepared for the typical upkeep of a home of this age, balanced against the value of its exceptional outdoor space and completed lower-level renovation.
Frequently Asked Questions
1. How does the assessed value relate to the likely selling price?
The assessed value is for municipal tax purposes and is typically lower than market value. The provided comparable listings with similar assessed values can give a rough gauge, but the final sale price will be determined by current market conditions, the home’s updated condition, and its premium lot size.
2. What does the "renovated basement" include?
The listing confirms the basement is renovated, but specifics on the scope, quality, permits, and finished square footage should be verified with the listing agent or during a viewing to understand its full value and functionality.
3. Is the large lot a benefit for future expansion?
Potentially, yes. A lot of this size may allow for additions like an extension, large garage, or shed, subject to City of Winnipeg zoning bylaws, setback requirements, and necessary permits.
4. How does the age of the home (1976) affect things?
While the structure is 50 years old, a renovated basement is a positive update. A pre-purchase home inspection is highly recommended to evaluate the condition of major aging components like the roof, windows, plumbing, and electrical systems.
5. The home ranks highly for lot size but lower for "year built" on its street. What does this mean?
This indicates the property is on one of the larger, more desirable parcels in the area, but the house itself is older than about 29% of the homes on Edgemont Drive. This highlights the trade-off: you are purchasing a premium lot with an established home, not a newly built structure.