Property Overview: 103 Alberhill Crescent, Winnipeg
Section 1: Key Characteristics & Appeal
This home presents a compelling value proposition centered on its exceptional lot size. The nearly half-acre property (17,803 sqft) is its standout feature, ranking in the top 1-3% compared to homes on its street, in the Springfield North area, and across Winnipeg. This offers rare potential for privacy, expansion, gardening, or outdoor recreation that is increasingly hard to find in the city.
The house itself, built in 1987, is of average size (1,197 sqft) and value ($424k assessed) for its immediate neighbourhood. This creates an interesting dynamic: you are acquiring a premium-sized parcel of land with a modest, functional home on it. Its appeal lies in this land-value opportunity and the long-term potential it holds. It would suit a buyer who prioritizes outdoor space over a large interior, such as a growing family wanting room for kids and pets, a hobbyist or gardener, or a strategic buyer viewing the land as a future asset for renovation or redevelopment. For the price point, the trade-off is clear: more land, less house.
Section 2: Frequently Asked Questions
1. Is the assessed value a reliable indicator of the likely selling price?
The assessed value of $424k is used for property tax calculation and is typically based on past market data. While it provides a benchmark, the final sale price is determined by current market conditions, the home's interior condition, and buyer demand for a lot of this unique size.
2. What does the "Elite" ranking for Land Area practically mean for me?
It means the lot is significantly larger than typical. On Alberhill Crescent, for example, the average lot is about 6,000 sqft—this property is roughly three times that size. This translates to more distance from neighbours, more flexibility for sheds, decks, or pools, and a generally more private yard.
3. The living area is noted as "below average" for the street. How might that affect living here?
The home's footprint is smaller than many neighbours' (average 1,474 sqft). This suggests efficient, possibly cozier living spaces. Buyers should ensure the layout and number of bedrooms suit their needs, as the value here is weighted toward the land, not the square footage of the house.
4. Why is there no sales history shown for this listing?
The platform does not pull data from the MLS system. They offer to manually provide exact sales history figures upon request via email, which they state will be provided without using your contact for marketing.
5. The home was built in 1987. What should I consider regarding its age?
Homes from this era may have original components nearing the end of their service life, such as the roof, windows, or major mechanical systems (furnace, water heater). A thorough inspection is advised to budget for any necessary updates or maintenance, which is typical for a house of this vintage.