16 Bowhill Lane

Property Summary: 16 Bowhill Lane

Section 1: Key Characteristics & Appeal

This is a classic, well-maintained one-storey bungalow in the established Roblin Park neighbourhood. Its primary appeal lies in its generous, nearly 10,000 sqft lot—a significant and increasingly rare find within the city. The home itself offers 1,148 sqft of living space with a finished basement, providing practical, single-level living or potential for separate in-law suites. Built in 1961, it represents a solid, no-fuss property that has been clearly maintained, as evidenced by its strong city-wide rankings for lot size and past sale value.

The property suits buyers looking for space and stability over modern finishes. It’s ideal for those who value a large, private yard for gardening, recreation, or future expansion more than a brand-new build. It would also appeal to downsizers seeking single-level living without leaving a desirable mature community, or to investors/families who see value in the lot size and the finished basement’s flexibility. A less obvious perspective is its competitive standing: while the home is average in size and age for its immediate area, its lot size and past sale price perform exceptionally well city-wide (top 6% and 16%, respectively), suggesting it's a standout property on a broader scale.

Section 2: Frequently Asked Questions

1. How does the 2021 sale price compare to the current assessment?
The home sold for $510,000 in September 2021, which is approximately $58,800 above the current municipal assessed value of $452,000. This indicates a prior market valuation that buyers can use as a recent benchmark.

2. What do the ranking percentages actually mean?
They show how this property compares to others in three geographic tiers. For example, its lot size ranks in the top 6% city-wide (very high), but its living area is only larger than 48% of Winnipeg homes (about average). This helps highlight its specific strengths and trade-offs.

3. Is the large lot underutilized?
With a home footprint of 1,148 sqft on a ~9,850 sqft lot, there is a significant amount of outdoor space. This presents an opportunity for gardening, adding a detached structure like a workshop or garage, or simply enjoying expansive green space—a key feature for the right buyer.

4. What is the likely condition of a 65-year-old home?
Built in 1961, the core systems (roof, plumbing, electrical, foundation) may be original or have undergone updates. A thorough inspection is crucial to understand the condition and any upcoming maintenance or modernization needs typical for a home of this era.

5. Why is the lot size ranking so much higher than others?
The lot is exceptionally large for Winnipeg, placing it in the 94th percentile. This is its most distinguished feature. The home's age and size are more typical for the neighbourhood, meaning you are primarily investing in the land and location, with a solid, functional house included.