735 Harstone Road

Property Overview: 735 Harstone Road

Key Characteristics, Appeal & Ideal Buyer

This property is defined by its exceptionally large, private lot of over 25,700 sqft—a rare find that places it in the top 1% of all Winnipeg properties by land size. The home itself is a modest, single-storey 964 sqft bungalow built in 1950, featuring a finished basement and a detached garage. Its appeal lies not in the size or newness of the dwelling, but in the immense potential of the land itself. It offers a blank canvas for gardening, recreation, or future expansion in a quiet, established neighbourhood.

The home would best suit a buyer who values space and privacy over a turn-key modern home. It’s ideal for a hands-on owner comfortable with a property of its vintage, who sees the value in a large lot for hobbies, family activities, or as a long-term investment in land. The recent sale near the assessed value suggests a stable, grounded investment in a mature area.

Frequently Asked Questions

1. How does the age of the home affect its condition and value?
Built in 1950, the home is older than most in its immediate area and community. Buyers should budget for updates and maintenance typical of a house of this era. The value here is significantly supported by the land, not the structure.

2. Is the large lot a benefit for future development or subdivision?
While the lot size is a major asset, any plans for subdivision or significant new construction would require investigation with the city regarding zoning bylaws, easements, and permits. The potential exists, but is not guaranteed.

3. The home’s living space is relatively small. Can it be expanded?
The large lot provides obvious room for potential additions or renovations. Any expansion would need to comply with current building codes and setback requirements, but the property offers that rare opportunity in an established neighbourhood.

4. How do the property rankings influence its market position?
The rankings highlight a clear story: this property is exceptional for its land size (top 1% in Winnipeg) but average or below average for the age and size of the home itself. It’s a niche property that trades modern conveniences for unparalleled outdoor space.

5. What does the recent sale price tell us?
Selling for $39.5K in October 2024, just below its $411K assessment, indicates the market validated its value in line with official assessment—a sign of stability rather than speculative pricing.