775 Harstone Road

Property Overview: 775 Harstone Road

Key Characteristics & Appeal

This is a distinctive, single-storey home in Winnipeg's Eric Coy neighbourhood, built in 1955. Its primary appeal lies in its exceptional land size—a sprawling 14,722 sqft lot that places it in the top 2% of all properties in Winnipeg for sheer space. This offers rare potential for expansion, gardening, or outdoor recreation within the city. The home itself features a finished basement, an in-ground pool, and a split garage. With 1,244 sqft of living space, it provides comfortable, single-level living.

The property suits buyers seeking a generous, established lot who value privacy and outdoor possibilities over a brand-new build. It's ideal for those wanting to put down roots, perhaps a family looking for room to grow, or someone interested in the long-term value of land in a mature area. A thoughtful perspective is that while the home’s age and interior size rank moderately within its immediate area, the lot is its standout, appreciating asset. This creates a unique value proposition: you're investing significantly in the land, with the house offering functional living space that could be customized over time.

Frequently Asked Questions

1. What does the ranking data actually tell me?
The rankings compare this property to others on its street, in Eric Coy, and across all of Winnipeg. For example, being in the top 2% for lot size city-wide highlights its rarity, while more average rankings for living space and assessed value in the local area suggest the home is priced in line with its neighbourhood.

2. Is the pool a major factor in the value?
While a desirable amenity, the pool is likely a secondary feature compared to the lot size. Maintenance and operating costs for a pool should be considered, but in this context, it enhances the outdoor lifestyle the large property already affords.

3. Who might this property not suit?
It may not suit buyers seeking a modern, low-maintenance home or those with mobility concerns, as the property and pool will require ongoing upkeep. It's also less ideal for those who prioritize a home with top-tier, contemporary interior finishes above all else.

4. The house was built in 1955. What should I consider?
While the basement is finished, the core systems (plumbing, electrical, roof) may be original or updated at various times. A thorough inspection is crucial to understand the home's condition and to budget for any necessary updates or maintenance typical of a house of this era.

5. How does the assessed value relate to the likely selling price?
The assessed value of $428,000 is for municipal tax purposes. The selling price is determined by the market and can be higher or lower. Given the unique lot size, it could attract competitive interest, potentially leading to a sale price above its assessed value.