Property Overview: 140 Alcrest Drive, Winnipeg
Section 1: Key Characteristics & Appeal
This property is defined by its substantial, mature lot and solid one-storey home in the Vialoux neighbourhood. Its primary appeal lies in the exceptional 14,612 sqft land parcel, which places it in the top 2% of all properties in Winnipeg for lot size. This offers rare potential for expansion, gardening, or simply enjoying extensive private outdoor space. The house itself, built in 1947, provides a functional 1,687 sqft of living space, which is above average for the area.
The home would best suit a buyer who values land over a turn-key modern home. It’s an ideal canvas for someone looking to put their own stamp on a property, whether through renovating the existing bungalow or potentially redeveloping the generous lot in the future. The appeal is grounded in long-term potential and space rather than immediate luxury. A thoughtful perspective is recognizing that while the home is older, its above-average size for the street and neighbourhood suggests a originally well-built, substantial property for its era. The presence of an unfinished basement and a detached split garage further adds utility and storage options for a hands-on owner.
Section 2: Frequently Asked Questions
1. What is the true value of such a large lot?
Beyond privacy and space, a lot of this size in a developed city neighbourhood is a scarce asset. It provides flexibility for major additions, recreational features like a sport court or extensive landscaping, and is a key factor in the property's long-term investment value.
2. Is the older build year (1947) a major concern?
It necessitates a thorough inspection. While it indicates likely maintenance needs (e.g., original wiring, plumbing, insulation), homes from this period were often built with durable materials and simple, functional layouts that can be beautifully modernized.
3. How do the property rankings help me?
They contextualize the home’s features against immediate neighbours and the wider city. For example, ranking in the top 2% for lot size city-wide highlights its standout feature, while more average rankings for assessed value suggest the current improvements (the house) are priced in line with the area.
4. What does the 2019 sale price tell us?
It shows a significant increase in the property’s assessed value since that transaction. This can indicate rising area desirability, the impact of market trends, or that the sellers have made improvements. It’s a useful benchmark for understanding market movement.
5. Who is this property not for?
It is likely not a match for buyers seeking a modern, low-maintenance home ready for immediate move-in. The unfinished basement and the scope of a potential renovation or the stewardship of a large, mature lot require a vision for the future and a willingness to invest time or capital.