736 Haney Street

Property Overview: 736 Haney Street, Winnipeg

Section 1: Key Characteristics & Appeal

This is a unique property defined by its extraordinary, nearly two-acre lot (81,532 sqft) in the Elmhurst neighborhood. The appeal lies almost entirely in the land itself—a rare, expansive canvas within the city that offers immense privacy and potential. The home is a modest, 803 sqft one-storey bungalow built in 1946, featuring a finished basement and a detached garage.

Its standout characteristic is the land's ranking: it surpasses 99% of properties in Winnipeg for size, placing it in the top 1%. This makes it a prime candidate for buyers with a long-term vision. It would perfectly suit someone looking for a serene, private retreat with room for extensive gardens, outdoor recreation, or future expansion. It also presents a compelling opportunity for a builder or investor, as the value of the land significantly outweighs the current structure, suggesting redevelopment potential. A less obvious perspective is its appeal to multi-generational families; the vast lot allows for the possibility of adding a secondary dwelling unit (where zoning permits) while maintaining plenty of shared outdoor space.

Section 2: Frequently Asked Questions

1. Is the house in good condition?
Given its age (80 years) and modest size, prospective buyers should budget for a thorough inspection. The home ranks in the bottom 10% for age and size locally, indicating it is older and smaller than most in the area, so updates and maintenance should be anticipated.

2. What can I build on such a large lot?
This is a key question for the city's planning department. While the lot is zoned for residential use, its unusual size may allow for possibilities not typical on a standard parcel, such as a significant addition, a separate workshop, or even subdivision, subject to all municipal zoning and bylaws.

3. Why is the assessed value ($370K) lower than the recent sale price ($393K)?
Municipal assessments are for taxation purposes and often lag behind market trends. The February 2025 sale price likely reflects the current market's premium for such a rare, large lot, which may not be fully captured in the assessment.

4. Are there any drawbacks to a lot this size?
Yes, considerations include higher property taxes relative to a standard lot, significantly more yard maintenance (or the cost to hire it out), and potential challenges with older servicing (water, sewer lines) that may span the large property.

5. What does the ranking data actually tell me?
The rankings compare this property to others on its street, in Elmhurst, and across Winnipeg. They confirm the lot size is exceptionally rare (top 1%). However, they also objectively show the house itself is older and smaller than the vast majority of comparable properties, helping to set realistic expectations about the dwelling.