780 Haney Street

Property Overview: 780 Haney Street

Section 1: Key Characteristics & Appeal

This property is defined by its exceptional lot size and solid, established character. Situated on a massive, half-acre parcel (over 22,000 sqft), the home ranks in the top 1% of its community and all of Winnipeg for land size, offering rare privacy and space for gardens, recreation, or future expansion. The house itself is a 1962-built, 1,128 sqft bungalow with a finished basement and a detached garage, presenting a classic and functional layout.

The primary appeal lies in the land itself—a sizable, tranquil oasis within the city. It suits buyers seeking a "blank canvas" property where the value is heavily anchored in the lot, with the home providing comfortable living space to build upon. It’s ideal for those who prioritize outdoor space over a modern, turn-key home, such as multi-generational families, hobbyists, or long-term investors who see the underlying land value. A thoughtful perspective is that while the home’s age and interior size are average for the area, the lot offers a unique hedge, providing both immediate utility and long-term potential that newer subdivisions simply cannot match.

Section 2: Frequently Asked Questions

1. What is the true draw of this property?
While the bungalow is a comfortable home, the standout feature is the land. The lot size is exceptionally rare for Winnipeg, ranking in the 99th percentile. This is the core value proposition.

2. What type of renovation or maintenance should I anticipate?
Built in 1962, the home will likely require updates consistent with its age. Prospective buyers should budget for modernizing mechanical systems, windows, and insulation to improve efficiency, alongside any cosmetic renovations.

3. Is the lot subdividable or suitable for adding an addition?
The lot's size certainly presents potential. Any plans for subdivision, a significant addition, or building a secondary structure would require investigation with the City of Winnipeg’s planning department to confirm zoning and bylaws.

4. How does the 2020 sale price compare to the current assessment?
The home sold for $365,000 in March 2020. The current assessed value is $415,000. This increase reflects broader market trends and the enduring value of large lots.

5. The rankings show the house is newer than only 5% of homes in the community. Is this a concern?
This statistic highlights that Elmhurst is an established neighborhood with many newer homes. It confirms this is one of the original properties, appealing to those who value mature landscapes and the character of older communities, with the understanding that an older home requires diligent upkeep.