770 Haney Street

Property Summary: 770 Haney Street, Winnipeg

Section 1: Key Characteristics & Appeal

This property is defined by its exceptional land size and solid value in a mature neighborhood. The primary draw is the expansive, half-acre lot (over 22,000 sq ft), which is a rare find within the city and places it in the top 1% of properties in Elmhurst and Winnipeg for land area. The home itself is a modest 1,194 sq ft, one-storey bungalow from 1961 with a finished basement and a detached garage. Its appeal lies not in luxury finishes or modern architecture, but in the immense potential of its grounds. It suits buyers looking for space, privacy, and a blank canvas—whether for extensive gardening, recreational space, future expansion, or even subdivision potential (subject to city approval). The 2020 sale price and current assessment suggest a stable, well-valued property. It’s an ideal match for a hands-on buyer who values land over a large existing footprint, or an investor seeing long-term value in a sizable urban lot.

Section 2: Frequently Asked Questions

1. What does the ranking data (e.g., "top 1%") actually mean?
It's a relative comparison. For example, "top 1% in the community for land area" means this lot is larger than 99% of other properties in Elmhurst. This highlights the lot as a standout feature, while rankings for age or living space show the home itself is more average for the area.

2. Is the house in need of major updates?
Built in 1961, the home is likely to have original or older components. Buyers should budget for modernizing mechanical systems (like plumbing and electrical) and expect typical maintenance for a home of this age, though the basement is already finished.

3. How can such a large lot be utilized?
Beyond a large yard, possibilities could include adding a substantial workshop, creating extensive garden beds, or exploring the potential for a legal secondary suite or laneway home (subject to strict city zoning and bylaws). The space offers flexibility that smaller lots do not.

4. Why is there a significant difference between the 2020 sale price and the current assessed value?
The assessed value reflects the municipal government's valuation for tax purposes, influenced by market trends and recent area sales. The increase since 2020 aligns with broader market movements, but the final market price is determined between a buyer and seller.

5. What are the considerations with a detached garage?
A detached garage offers flexibility and can be ideal for a workshop or project space. However, consider the convenience factor of accessing your vehicle, especially during Winnipeg winters, compared to an attached garage.