Property Overview
This two-storey home on a large lot in Tyndall Park presents a practical opportunity. Built in 1978, it features 1,152 sqft of living space and a renovated basement. Its key appeal lies in the combination of a substantial, above-average-sized lot (2,235 sqft) within a neighbourhood where this is a rarity, and a recent, significant value increase—the 2024 sale at $280k marks a solid gain from its 2016 price of $210k. The home suits first-time buyers seeking a footprint with room to grow, value-oriented investors attracted by the neighbourhood's high assessed value ranking, or downsizers looking for a manageable two-storey layout without a tiny yard. A thoughtful perspective is that while the home itself is average in size for the area, the land itself is the standout feature, offering future potential relative to nearby properties. Its recent sale also suggests it's seen as a viable asset in a neighbourhood showing pockets of strong value retention.
Frequently Asked Questions
1. How does the lot size compare to the neighbourhood?
The 2,235 sqft lot is a key feature, ranking in the top 1% for size within the entire Tyndall Park neighbourhood. This means it offers more outdoor space than the vast majority of properties nearby.
2. What does the sale history indicate about the property's value?
The home sold for $210,000 in March 2016 and again for $280,000 in March 2024. This eight-year gain suggests a steady appreciation in value, outpacing many comparable listings in the wider Winnipeg area during that period.
3. Is the assessed value in line with the sale price?
No, there's a significant discrepancy. The assessed value is $25,600, while the 2024 sale price was $280,000. This is common, as municipal assessments for tax purposes often lag behind current market values, especially following a recent sale.
4. What are the basics of the home's structure and features?
It is a two-storey home built in 1978 with 1,152 square feet of living space. It includes a renovated basement and does not have a garage or pool. The property is on a quiet street, with very similar neighbouring homes built around the same time.
5. How does this property fit within the local market?
It sits in a middle range for living area but on a premium lot. While the house is older and average in size for Winnipeg, its lot size and position in Tyndall Park—where it holds a high assessed value ranking—make it a unique offering compared to nearby homes with similar floor plans but smaller yards.