49 Bowhill Lane

Property Overview

This one-storey home in Roblin Park presents a unique proposition centered on its extraordinary land. Situated on a sprawling, nearly one-acre lot (42,724 sqft), the property offers immense space and privacy that is exceptionally rare within Winnipeg. The house itself, built in 1946 with 1,026 sqft of living space and a finished basement, is functional but modest in scale compared to its grounds. Its appeal lies in the profound potential of the land itself—for expansive gardens, recreation, or future redevelopment—coupled with the established, sought-after location. It suits a specific buyer: someone who values outdoor space and long-term potential over immediate turn-key luxury, such as a hobbyist, a family seeking room to grow, or an investor/developer who recognizes the value of the land asset in a prime community.

Key Details & FAQs

Key Characteristics:

• Land & Location: The defining feature is the massive, private lot (over 42,700 sqft), ranking in the top 1% for size within both the Roblin Park community and all of Winnipeg. The location itself is highly desirable.
• The Home: A practical, 1946-built bungalow with 1,026 sqft, a finished basement, and an attached garage. It offers functional living space but is notably smaller and older than many area homes.
• Value Proposition: The price reflects the value of the land in a premium area. It represents an opportunity to own a substantial property in a top-ranked neighborhood, with the home itself seen as a functional starting point.
• Ideal Buyer: Best suited for buyers with vision—those who prioritize land size and location and are comfortable with a home that may require updates or who see the potential for significant landscaping, an addition, or future redevelopment.

Frequently Asked Questions:

1. Is the house in good condition?
The property details do not specify the condition. Given its age (80 years), a thorough professional inspection is essential to understand the state of major systems like plumbing, electrical, and the foundation, which will be crucial for planning and budgeting.

2. What can I do with such a large lot?
The possibilities are a major draw. Beyond extensive gardening and outdoor living, the lot size could accommodate additions to the existing home, such as a large garage or workshop, or even potential subdivision (subject to stringent city zoning and bylaws, which must be verified).

3. Why is the house's ranking for size and age lower than the land ranking?
The rankings are relative. The land is among the largest anywhere. However, the house itself is smaller and older than many other homes in the area, which is why its rankings for living space and age are more moderate. This contrast is central to the property's character.

4. How does the assessed value relate to the asking price?
The city assessment ($405,000) is for tax purposes and may not reflect current market value, especially for a unique property like this where the land value is the dominant factor. The listing price will be influenced by market demand for rare, large lots in prime locations.

5. Is this a good investment?
Its investment appeal is specific. It's strong for land value in an established neighborhood, which tends to be stable. The return may depend on your ability to enhance the property's value over time through updates, landscaping, or holding it for future development potential as the area evolves.