Property Overview: 2485 Pinewood Drive

Key Characteristics & Appeal

This is a character home on a large, mature lot in Winnipeg's Birchwood neighbourhood. Its primary appeal lies in its generous 9,229 sqft property, which ranks in the top 8% for lot size city-wide, offering rare space and privacy for the area. The home itself is a 1,730 sqft one-and-three-quarter storey house built in 1922, featuring a detached garage and an unrenovated basement. While the structure is historic, the lot is the star—it provides immense potential for gardening, expansion, or simply enjoying ample outdoor space. The neighbourhood context is stable, with the property ranking in the top quarter for lot size on its street and in Birchwood.

This property would best suit a buyer who values land over a turn-key home. It’s an ideal project for someone looking to put their own stamp on a character property, whether through gradual updates or a significant renovation. The large lot also makes it a compelling option for families seeking room to play, or for a buyer with long-term vision who sees the underlying value in the land itself. It’s less suited for those seeking modern, low-maintenance living.

Frequently Asked Questions

1. What does "one & 3/4 storey" mean?
This is a common architectural style for homes of this era. It typically means the second floor has full-height ceilings in the center of the house, with sloped ceilings or knee walls in the rooms under the eaves, creating a cozy, character-filled space.

2. How significant is the age of the home (1922)?
The age indicates a solid, well-built structure with classic charm, but it also means prospective buyers should budget for and prioritize a thorough inspection. Key systems like wiring, plumbing, and the roof may need evaluation or updating.

3. The assessed value is much lower than the last sale price. Why?
Municipal assessed value is for tax purposes and often lags behind market value. The 2017 sale price of $350k is a more relevant historical market data point, though current value will depend on market conditions and the property's state since that sale.

4. What are the implications of the "unrenovated basement"?
This suggests the basement is in original or functional condition, but not modernized. It offers usable space and mechanicals, but may have lower ceilings, older finishes, or moisture concerns common to homes of this vintage—presenting both a cost consideration and a blank canvas.

5. The lot is large, but how does the house compare to neighbours?
The living area is above average for the immediate street but closer to the middle range for the wider neighbourhood. This highlights the property's unique proposition: you're purchasing a home with a footprint and lot size that are increasingly rare, especially in established areas.