Property Overview: 170 Alcrest Drive
Section 1: Key Characteristics & Appeal
This is a classic, well-situated one-storey home built in 1949, offering a rare combination of a very large lot and a modest, manageable footprint. Its primary appeal lies in its exceptional 9,539 sqft lot, which places it in the top 7% of all properties in Winnipeg for land size. This presents a significant opportunity for gardening, expansion, or simply enjoying generous private outdoor space in a mature neighborhood.
The house itself, at 822 sqft, is compact and would suit a first-time buyer, downsizer, or an investor looking for a land-value proposition with a functional existing structure. Its assessed value is notably lower than many in the city, potentially indicating an entry point into a desirable area. The split garage adds practical utility. A thoughtful perspective for a buyer is to see this not just as a fixed house, but as a versatile property: the large lot allows the home to be renovated and added onto over time, or for the land itself to be the long-term asset. It’s a property that prioritizes land over lavish living space, appealing to those who value potential and outdoor room more than immediate turn-key perfection.
Section 2: Frequently Asked Questions
1. What does the ranking data actually mean?
The rankings compare this property against others on its street, in its neighborhood (Vialoux), and across all of Winnipeg. For example, being in the top 7% city-wide for lot size is a major strength, while the home's smaller living area and older age are reflected in lower rankings for those specific metrics.
2. Is the house too small or outdated?
At 822 sqft, it is indeed a smaller home, typical of its era. This suits a minimalist lifestyle or a buyer comfortable with a cozy layout. Its 1949 build date means systems and structure should be carefully inspected, but also that the home has character and is situated in a long-established community.
3. Why is the assessed value relatively low?
The assessed value reflects the city's valuation for tax purposes, considering factors like age, size, and condition. A lower assessment relative to the city average can suggest a more affordable tax burden, but the market price is ultimately determined by what buyers are willing to pay for its unique lot size and location.
4. Who would this property suit best?
It's an ideal match for a buyer whose priority is securing a large parcel of land within the city, who is willing to live in or gradually improve a modest home. It could also appeal to an investor seeing value in the land asset or a developer looking for a lot with existing housing.
5. What are the less obvious considerations?
The huge lot is a standout feature, but it also means higher maintenance (lawn care, landscaping). The very high land ranking paired with a lower living area ranking highlights the core dynamic: you are primarily investing in the property's location and ground space, with the house representing a functional starting point.