Property Overview & Key Characteristics
This is a well-established, single-storey home on a large, approximately 12,128 sqft lot in Winnipeg. Built in 1961, its primary appeal lies in its generous land size, which ranks within the top 3% of all properties in the city, offering significant space and privacy. The home features 1,332 sqft of living space, a finished basement, and an attached garage. While the house itself is of average size for the area, its standout characteristic is the land-to-building ratio, providing a rare opportunity in an urban setting.
Its value proposition is grounded in space and potential. The large lot is a canvas for gardening, expansion, or simply enjoying expansive outdoor living. The home would suit a buyer looking for a solid, no-frills foundation in a mature neighbourhood—someone who prioritizes land size over a modern build and sees value in a property where the greatest asset is the ground it sits on. It’s a practical choice for those comfortable with a home of vintage character, possibly seeking a long-term property where equity is built as much on the land as on the structure.
Frequently Asked Questions
1. What does the lot ranking actually mean?
The property’s lot size is in the 97th percentile for Winnipeg, meaning it’s larger than 97% of other residential lots in the city. This is its most competitive feature.
2. Is the house in need of major updates?
Given its 1961 construction, buyers should anticipate elements consistent with its age. While the basement is finished, the overall condition of major systems (roof, plumbing, electrical) should be verified through a professional inspection.
3. How does the older build year affect value?
The 1961 build year ranks lower for newness locally, which typically reflects in the home's assessed value being more land-weighted. This can be an advantage for a buyer focused on land value or a renovation project.
4. What is the neighbourhood like?
The home ranks highly within its own community (top 25% by lot size), suggesting it is among the larger, more established properties in a desirable area, likely with mature landscaping and settled surroundings.
5. Why is the assessed value notable?
With an assessed value that surpasses 72% of Winnipeg homes, the valuation reflects a premium for the substantial lot, even while the living space and age are more average for the market.