Property Overview & Appeal
This unique property is defined by its extraordinary land size of nearly 39,325 sqft, a rare find that places it in the top 1% of all Winnipeg lots. The home itself is a 1,394 sqft one-storey bungalow from 1976, featuring a finished basement, an in-ground pool, and both attached and detached garage spaces. Its primary appeal lies not in the size of the house, but in the immense potential of the land. It offers a private, resort-like setting within the city, perfect for extensive gardening, recreation, or future expansion.
The home would best suit a buyer who values space and privacy over a modern or large residence. It's ideal for someone with a vision—whether that's creating a private compound, enjoying summer days by the pool, or seeing the value in a land asset that significantly outpaces the building itself. It’s a property for those who understand that the true value here is in the ground it sits on, offering a lifestyle of quiet seclusion rarely available so close to urban amenities.
Frequently Asked Questions
1. How does such a large lot impact costs?
While offering great privacy, a lot of this size typically means higher property taxes relative to the home's square footage, and maintenance (like lawn care or snow clearing) requires more time or investment in equipment/services.
2. Is the 1976 build date a concern?
The home is 50 years old, so a thorough inspection is essential to assess the condition of major systems like roof, plumbing, and electrical. Its ranking shows it's newer than 57% of Winnipeg homes, but proactive maintenance will be key.
3. What does the "finished basement" include?
The listing notes a finished basement but does not specify the extent, quality, or if it includes legal egress. Clarifying the finish level and whether it adds functional living space or just recreational room is important.
4. The assessment value is high, but the house is modest. Why?
The $614,000 assessment overwhelmingly reflects the value of the land, not the structure. This is confirmed by its top 6% city-wide ranking for assessed value, despite the home's size and age rankings being more moderate.
5. Are there any development possibilities for the land?
While the large lot sparks imagination, any development (like a subdivision or building a second home) would be subject to local zoning bylaws and city approval. A buyer with such plans should investigate these regulations thoroughly before purchasing.