Property Summary: 9 Tod Drive
Key Characteristics & Appeal
This 1,278 sqft bungalow, built in 1960, presents a compelling value proposition within its desirable Victoria Crescent neighborhood. Its primary appeal lies in its significant price advantage. With an assessed value of $416k, it sits well below the area averages ($629k on its street, $793k in the wider neighborhood), offering a rare entry point into an established community. The lot, at 7,257 sqft, is a standout feature—larger than the citywide average and providing ample outdoor space uncommon in many newer subdivisions.
The home suits practical buyers seeking location and land over sheer square footage. It’s ideal for a first-time buyer moving into a mature neighborhood, an investor looking for a property with solid land value, or downsizers who want a manageable single-level layout without sacrificing yard space. While the living area is modest compared to nearby homes, its citywide-average size and lower price tag shift the value from interior space to the property’s location and lot potential. This isn’t the largest or most updated home on the block, but it represents a strategic purchase for those who value the long-term asset of the land and location.
Frequently Asked Questions
1. Is the below-average living area a major drawback?
Not necessarily. While smaller than many homes on the street, the size is consistent with many city homes. The trade-off is a more affordable price in a premium area, and the efficient layout may suit those looking for lower maintenance and utility costs.
2. Why is the assessed value so much lower than the neighbors’?
The assessment likely reflects the home’s more modest size and potentially its original condition compared to larger or renovated homes on the street. This gap between its assessment and area averages is central to its value appeal.
3. What does the lot size mean for a buyer?
At over 7,250 sqft, the lot is a significant asset. It offers ample room for gardening, recreation, future expansions like a deck or garage, and simply more privacy than newer, denser lots. It’s a feature that is increasingly difficult to find.
4. Is this a good “fixer-upper” opportunity?
Given its 1960s build and value positioning, the home may require updates. Its attractive land-to-price ratio could make it a sensible project for buyers willing to invest in renovations over time to increase both livability and value.
5. How does this property fit within the broader Winnipeg market?
Citywide, this home is average in size and above-average in land area for its assessed value. It’s a classic case of a property that is modest in its immediate circle but represents solid fundamentals in the overall market, blending location, land, and affordability.