207 Glenbush Street

Property Summary: 207 Glenbush Street

Key Characteristics & Appeal

This property is defined by a compelling contrast. It is a classic 1956 one-storey home with a modest 972 sqft living space and an unfinished basement, presenting a solid blank canvas for updates. Its true standout feature is the exceptionally large, approximately half-acre lot (21,776 sqft), which places it in the top 1% of properties in Winnipeg for land size. This creates a unique value proposition: the home itself offers functional basics, but the land offers extraordinary potential.

The appeal lies in this rare combination of a manageable starter home on a sprawling, private lot in the established Roblin Park neighborhood. It perfectly suits a specific type of buyer: those who prioritize land and long-term potential over immediate turn-key perfection. It is an ideal match for a handy homeowner looking to gradually customize the house to their taste, a family seeking immense outdoor space for children and gardens, or a long-term investor who understands the irreplaceable value of such a large parcel in the city. The property’s rankings highlight this duality—while the house is average in size and age for the area, the lot size is virtually unrivaled.

Frequently Asked Questions

1. What does the "unfinished basement" entail?
It is a raw space that provides significant storage and houses the home's mechanical systems. It offers the future opportunity to add living space, but any development would be a project for the new owner.

2. The house seems smaller and older compared to the lot. What are my options?
This is the core consideration. Buyers can live in and gradually update the existing bungalow, or they may eventually explore more substantial expansions or even a rebuild (subject to zoning and permits), leveraging the enormous lot. The property is purchased primarily for the land's potential.

3. How does the large lot impact maintenance and costs?
While offering great privacy and space, a lot of this size requires more time or resources for lawn care, gardening, and snow clearing compared to a standard city lot. Utility costs may also be marginally higher for exterior maintenance.

4. The assessed value seems lower than expected. Why?
Municipal assessments primarily reflect the current state and size of the dwelling, not the full market potential of the land. The assessment is likely weighted heavily on the older, modest-sized home, making the market value highly influenced by the premium for the lot size and location.

5. Is the property suitable for adding a garage or other outbuildings?
The existing split garage provides basic coverage, but the vast lot certainly has space for additional structures like a larger garage, workshop, or shed. Any new structures would require checking with the City of Winnipeg for zoning bylaws, setback requirements, and necessary permits.