635 Dieppe Road

Property Summary: 635 Dieppe Road, Winnipeg

Key Characteristics & Appeal

This is a classic 1964 one-storey home in the Eric Coy neighbourhood, built on a notably large, half-acre lot (23,636 sqft). With 1,197 sqft of living space, an unfinished basement, and an attached garage, it presents a straightforward layout with significant expansion potential. The home’s primary appeal lies in its exceptional land size, which ranks in the top 1% of all properties in Winnipeg, offering rare privacy and space for gardens, recreation, or future additions.

Its value is grounded in this land asset rather than a modernized living space, making it a compelling canvas. It would suit a buyer looking for a long-term family home with room to grow and customize, or an investor/developer who recognizes the underlying value of the lot. The rankings suggest it’s a larger, more private property than most in the city, but the house itself is of average size and vintage for its immediate area, appealing to those who prioritize space and potential over turn-key finishes.

Frequently Asked Questions

1. What is the true standout feature of this property?
Beyond the square footage, the half-acre lot is the defining asset. It offers a level of outdoor space and privacy that is increasingly rare within the city, providing opportunities not possible on standard lots.

2. Is the unfinished basement a drawback or an opportunity?
It’s a key opportunity. The basement represents significant potential for additional living space, storage, or income potential (e.g., a suite, subject to permits and regulations), allowing a buyer to add value tailored to their needs.

3. Who would this property not be ideal for?
It may not suit buyers seeking a modern, low-maintenance home ready for immediate move-in. The unfinished spaces and the scale of the lot imply a willingness to invest time, effort, or capital into customization and upkeep.

4. The assessment value seems moderate for such a large lot. Why?
Municipal assessments often reflect a combination of the land value and the current state of the improvements (the house). The assessment likely mirrors the home’s original, unrenovated condition, suggesting the market price may be more influenced by the land's development potential.

5. What are the less obvious considerations with a lot this size?
Prospective buyers should consider the associated costs and responsibilities: higher property taxes due to land value, increased maintenance (lawn care, snow clearing), and the potential for future special levies if municipal services like water or sewer lines are upgraded in the area.