Property Overview
This property is defined by its generous scale and established setting. Its most prominent feature is the expansive, nearly one-acre lot (42,806 sqft), which is exceptionally rare for Winnipeg and places it in the top 1% of properties citywide for land size. The two-storey home, built in 1998, offers a substantial 2,318 sqft of living space, comfortably larger than most local homes. Key characteristics include an unfinished basement and an attached garage. The appeal lies in the unique combination of a large, modern-enough home on a private, park-like parcel of land within the city. It suits buyers looking for space, privacy, and the potential to customize both the interior (via the unfinished basement) and the extensive outdoor grounds. It’s a fit for those who value room to grow, garden, or play more than a brand-new build, and who appreciate an established, quiet neighborhood.
Frequently Asked Questions
1. What does the ranking data actually mean?
The rankings show how this property compares to others in its immediate area and across Winnipeg. For example, being in the top 1% for lot size citywide highlights its most exceptional feature, while other rankings provide context on its age, size, and assessed value relative to neighbors.
2. Is an unfinished basement a drawback?
Not necessarily. While it requires an investment to finish, it represents significant potential square footage and flexibility. For the right buyer, it’s a blank canvas to create exactly the spaces they need, without having to undo previous renovations.
3. What are the implications of such a large lot?
Beyond privacy and space, it means greater maintenance responsibility for lawns and gardens, but also unparalleled opportunity for landscaping, adding recreational features like a sport court or extensive gardens, and even potential future subdivision, subject to municipal bylaws.
4. The home is 28 years old – what should I consider?
A house of this age is likely due for proactive updates to major systems like the roof, HVAC, and windows. A thorough inspection is crucial, but this era of home often offers solid construction and roomier floor plans compared to many newer builds.
5. How does the assessed value relate to the asking price?
The municipal assessment ($741,000) is for tax purposes and reflects a mass appraisal formula. It’s a useful data point showing the home is valued highly by the city, but the market price is determined by current buyer demand, condition, and the unique value of its large lot.