Property Overview

This one-storey home on a generous 5,110 sqft lot in Mynarski presents a straightforward opportunity. Built in 1955, its key appeal lies in the balance of a larger-than-average lot size and a solid, unrenovated foundation. The house itself, at 1,071 sqft with an unfinished basement and a detached garage, ranks solidly in the middle of the pack for living space in the area. Its assessed value is notably modest compared to some nearby properties, which can signal different things: a lower entry point for a buyer, or a home that hasn't seen recent major updates. The lot is a true asset, ranking in the top quarter of the neighbourhood for size, offering ample outdoor space and future potential that many newer infill properties lack.

This property would suit a practical buyer looking for a footprint to make their own. It's a candidate for a long-term, phased renovation project where the owner can add value over time. It could also appeal to an investor seeking a land-hold opportunity in a neighbourhood with a mix of older homes and newer developments. The appeal isn't in move-in-ready finishes, but in the underlying assets—the land and the solid, if dated, structure.

Frequently Asked Questions

1. What does "unfinished basement" really mean for this house?
It indicates the basement is in a rough, utilitarian state—likely concrete floors and exposed walls. This is a blank canvas, but any finishing will be a full project requiring proper permits and investment for moisture control, insulation, and framing.

2. The assessed value seems low compared to some nearby homes. Why?
Municipal assessments primarily reflect a home's physical state and characteristics for tax purposes, not current market sentiment. A significantly lower assessment often correlates with a lack of recent major renovations or updates, as seen here. The market price is determined by what buyers are willing to pay for the lot and potential.

3. How significant is the lot size?
Very. At over 5,000 sqft, it's larger than many lots in Winnipeg and ranks well within Mynarski. This provides more privacy, yard space, and future options (like an addition or garage workshop) than a standard lot, which is a growing rarity.

4. What is the neighbourhood character like based on this data?
The provided comparisons show Mynarski is a neighbourhood of varied values, with similar-sized homes assessed anywhere from ~$28k to over $370k. This suggests a streetscape of diverse conditions, from original homes like this one to those that have been extensively renovated or rebuilt.

5. Is the older building year (1955) a concern?
It comes with expectations. While the structure has proven durable, a home of this age will likely have original or aging core components (like plumbing, electrical, windows, and the roof) that require inspection and may need budgeting for eventual replacement or upgrade.