Property Overview: 13 Hastings Boulevard, Winnipeg

Key Characteristics & Appeal

This home presents a distinct value proposition centered on its generous lot. Built in 1924, it is a century-old property with a modest 960 sqft living area, which is below average for both its street and the wider city. Its assessed value of $267K is notably below average for the Norberry area and Winnipeg overall, suggesting a potentially accessible entry point.

The primary appeal lies in its expansive 10,744 sqft land area. This lot size ranks in the elite top 5% both within Norberry and citywide, offering exceptional outdoor space that is rare for the price. This creates a clear trade-off: a smaller, older home on a much larger-than-average parcel of land.

It would best suit a buyer with a vision for the land itself—perhaps someone interested in gardening, future expansion, or simply valuing extensive private outdoor space over a large interior. It could also appeal to an investor or renovator who sees the underlying land value and is prepared to update or reimagine the existing structure. The price point may attract first-time buyers willing to trade modern square footage for lot size and future potential.

Frequently Asked Questions

1. Is the below-average assessed value a concern?
Not necessarily. It primarily reflects the home's age and smaller size relative to its neighborhood. It can represent a value opportunity, especially given the elite lot size, but a thorough inspection is advised to understand the condition of a 100-year-old home.

2. What does the "elite" land ranking actually mean for me?
It means your lot is significantly larger than most. Compared to the average city lot of about 6,570 sqft, you have over 4,000 additional sqft of land. This allows for possibilities like a large garden, play area, shed, or future additions where zoning permits.

3. As an older home, what should I budget for?
While systems may have been updated, budgeting for ongoing maintenance is prudent for a home of this age. Potential considerations include the roof, foundation, plumbing, and electrical systems. An inspection will provide clarity.

4. How reliable are the sold price comparisons?
The listed sale from 2019 provides a historical benchmark, but the market has changed. The provided "exact figure" request service is recommended for the most accurate and recent comparable sales data to inform your offer.

5. The living space is smaller than average. Can it be expanded?
The large lot certainly provides the physical space to consider an addition. Any expansion would require checking local zoning bylaws, obtaining permits, and significant investment. The existing floor plan may also be reconfigured to improve flow.