792 Haney Street

Property Overview

This 1972-built bungalow in Elmhurst presents a unique blend of spacious outdoor living and solid, functional interior space. Its primary appeal lies in its exceptionally large, nearly 13,000 sqft lot, which is significantly larger than most properties in Winnipeg and includes a private swimming pool—a rare find. The home itself offers over 1,000 sqft of living space with a finished basement, providing practical room to grow. The data suggests a property of contrasts: while the house is more modest in size and age compared to many in the city, the lot size and the presence of a pool place it in the top tier for outdoor amenities. It would perfectly suit a buyer prioritizing private outdoor space for family recreation, gardening, or entertaining over a large or modern interior. It’s also a compelling option for those who value a home with established character in a mature neighborhood, where the land itself represents a substantial portion of the value.

Key Considerations & FAQs

1. How does the age of the home (54 years) impact this purchase?
   Prospective buyers should budget for updates consistent with a home of this era, such as roofing, windows, or major systems. However, a well-maintained older home in a mature neighborhood like Elmhurst often comes with established landscaping and a settled, quiet community feel that newer areas may lack.

2. The living space is ranked below average for the city. How does the floorplan function?
   The 1,093 sqft main floor, combined with a finished basement, creates a practical layout. The bungalow style (one storey) is ideal for multi-generational living or for those looking to avoid stairs, while the basement adds flexible space for a family room, home office, or additional bedrooms.

3. What is the true value of such a large lot?
   Beyond the pool, the lot size offers immense potential. It provides unmatched privacy, space for future additions like a garage workshop or a large deck, and room for children or pets to play. In the long term, land of this size in a established area is a finite resource and a key driver of the property's value.

4. Are there significant costs associated with the swimming pool?
   Yes, a pool requires ongoing maintenance, seasonal opening/closing, and higher insurance and utility costs. Buyers should factor in these annual expenses. That said, for the right buyer, it offers a private resort-like amenity that is uncommon and can define a lifestyle.

5. The assessment value seems high relative to the home's size and age. What does this indicate?
   The municipal assessment reflects the property's overall market value, which in this case is heavily influenced by the premium lot size and the in-ground pool. It suggests that the land and amenities are the primary value drivers here, rather than the structure itself, which is an important perspective for valuation and future investment.