695 Harstone Road

Property Summary: 695 Harstone Road

Key Characteristics & Appeal

This is a unique, one-storey home built in 1959, sitting on an exceptionally large, one-acre lot (43,523 sqft) in the Eric Coy neighbourhood. Its primary and undeniable appeal is the land itself—the property ranks in the top 1% for lot size within its street, community, and all of Winnipeg. This offers immense privacy and potential not found in typical suburban lots. The house features a finished basement and a modest 1,198 sqft of living space. Recent market activity is confirmed with a sale in May 2023 at $380,000, closely aligned with its current assessed value.

The property suits two distinct types of buyers. First, it's ideal for those seeking a private retreat or a blank canvas for gardening, outdoor projects, or future expansion, where the house serves the land. Second, it appeals to value-conscious buyers looking for entry into a established neighbourhood, who are comfortable with a home of vintage character (from 1959) and see the long-term potential in the extraordinary lot size over immediate modern finishes. It's a property where the future possibilities often outweigh the current specifications.

Frequently Asked Questions

1. What does the "top 1%" ranking for lot size actually mean?
It means this property's land area is larger than 99% of the lots on its street, in the Eric Coy neighbourhood, and across Winnipeg. You are purchasing a rare, acre-sized parcel in the city.

2. The house was built in 1959. What should I consider?
While the basement is finished, the home's core systems (like plumbing, electrical, and the roof) are likely original or older. A thorough inspection is essential to understand the condition and any needed updates, which should be factored into your planning and budget.

3. Is the 2023 sale price relevant today?
It serves as a strong, recent benchmark for the property's market value, showing what a buyer was willing to pay just over a year ago. It provides a solid foundation for understanding its price point relative to the current market.

4. Who would this property NOT suit?
It may not suit buyers seeking a modern, move-in-ready home with ample indoor living space or those unwilling to manage the upkeep of a large lot. The appeal here is grounded in land value and potential, not in high-end finishes or square footage.

5. There's no garage. Can one be built?
Given the vast lot size, adding a garage or workshop is a very feasible and logical future project, subject to local zoning and permit regulations. The space certainly allows for it.