Property Overview & Key Characteristics
This property is defined by two standout features: its exceptionally large, 2.5-acre lot and its modern construction as a 2004-built one-storey home. The appeal lies in the rare combination of a contemporary, low-maintenance bungalow with a vast, private land parcel within Winnipeg, offering immense potential for gardening, recreation, or future expansion. With 1,745 sqft of living space, an unfinished basement, and an attached garage, it provides a solid, modern foundation.
Its value proposition is unique. While the home's size ranks in the lower tier for its immediate area, the lot size is in the top tier city-wide, suggesting the property's primary value is in the land itself. This would suit buyers seeking privacy and space over sheer interior square footage—such as hobby farmers, families wanting extensive outdoor space, or those looking for a long-term property with the option to customize or build additional structures. It’s a practical home for today with a legacy-sized lot for tomorrow.
Frequently Asked Questions
1. What does the "unfinished basement" entail?
It means the basement is a blank canvas with rough-in plumbing and electrical likely in place, offering the next owner the opportunity to customize the additional space to their needs and budget.
2. The home's size ranking seems low. Is the house itself small?
At 1,745 sqft, the living area is modest compared to some neighbors, but it's above average for Winnipeg overall. The focus here is on the quality of a 20-year-old home and the extraordinary outdoor space, rather than maximizing interior size.
3. How does the 2.5-acre lot impact maintenance and costs?
Prospective buyers should factor in the time and equipment needed for lawn and land care, as well as potentially higher water usage for irrigation. The trade-off is unparalleled privacy and space.
4. The assessed value is high relative to the street. Why?
The assessment likely reflects the tremendous value of the land parcel itself. In this case, the property is assessed more like a rare, large-lot holding than just another house on the street.
5. Is this property suitable for adding a pool or secondary building?
The lot size certainly allows for it, but any major additions would require checking with the city for zoning bylaws, setback requirements, and necessary permits. The space is there, making such projects feasible.