561 Harstone Road

Property Summary: 561 Harstone Road, Winnipeg

Section 1: Key Characteristics & Appeal

This property is defined by its exceptionally large, private lot of over 27,600 square feet—a rare find that places it in the top 1% of all Winnipeg homes for land size. The home itself is a modest 1,192 sqft one-storey bungalow from 1966, featuring a finished basement and an attached garage. Its core appeal lies not in the house's size or modern finishes, but in the immense potential of its land. It offers a unique blend of established neighborhood living with the space and privacy typically found in rural settings.

The home would suit a specific type of buyer: those who value space and possibility over turn-key perfection. It’s ideal for a family seeking room for children and pets to play, a hobbyist or gardener dreaming of extensive outdoor projects, or a long-term buyer who sees the underlying value in the land and is willing to update the home over time. Its rankings show a compelling contrast—while the house is average for its area in size and age, the lot size is extraordinary, suggesting the property's true value is in what you can do with the space, not just the existing structure.

Section 2: Frequently Asked Questions

1. What does the "top 1%" ranking for land size actually mean?
It means this property's lot is larger than 99% of all residential properties in Winnipeg, offering a level of privacy and outdoor space that is increasingly uncommon within the city.

2. Is a 60-year-old home a concern?
While the home has been maintained, a buyer should budget for updates consistent with its age, such as roofing, windows, and mechanical systems. The recent assessment value suggests the property is in functional condition.

3. Who is this property not well-suited for?
It's likely not a match for buyers seeking a modern, low-maintenance home or those unwilling to manage a large yard. The appeal is geared toward those who see the land as an asset.

4. The assessment value is $436,000. Does that dictate the selling price?
Not necessarily. The assessed value is for municipal tax purposes. The market price will be strongly influenced by the rare lot size, which may command a premium over the assessment.

5. What are the less obvious considerations with such a large lot?
Consider ongoing maintenance (lawn care, snow clearing), potential bylaws for outbuildings or additions, and whether the property's value is primarily in the land, which could make future renovations a careful balance of investment versus return.