524 Harstone Road

Property Overview & Appeal

This 1948 one-storey home in Roblin Park offers a unique proposition centered on land and location. Its primary appeal lies in the substantial, 11,571 sqft lot—a rarity that places it in the top 4% of all properties in Winnipeg for size. The home itself is modest at 826 sqft with a finished basement, presenting it as a solid, move-in-ready bungalow or a prime candidate for expansion and renovation. Its key characteristics are a study in contrasts: while the house is smaller and older than most in its immediate area, the property's land value and peaceful neighbourhood setting are significant assets.

The property would suit two main types of buyers. First, it's ideal for those seeking a long-term family home with immense outdoor space for gardens, play, or future additions, who are comfortable with a cozy interior footprint. Second, it appeals to value-driven investors or builders who recognize the underlying value of the large lot in a well-established neighbourhood, viewing the existing structure as a foundation for future potential.

Frequently Asked Questions

1. How does the age of the home affect its condition and costs?
Built in 1948, major systems like plumbing, electrical, or the roof may be at or beyond their typical lifespan. While the basement is finished, a pre-purchase inspection is crucial to budget for necessary updates, which could be a significant factor alongside the purchase price.

2. The lot is large, but what are the rules for using it?
A lot of this size sparks ideas for additions, garages, or secondary suites. Any major changes would require checking with the city for zoning bylaws, setback requirements, and permitting. The potential is there, but it's governed by specific regulations.

3. The 2019 sale price was $280,000, but the current assessment is $361,000. What does this mean?
The assessed value is for municipal taxation and reflects a provincial estimate of market value as of a prior date. It doesn't dictate sale price. The significant jump since 2019 indicates strong market appreciation for the area, but the final sale price will be determined by current market conditions and buyer competition.

4. The rankings show the house is smaller and older than most nearby. Is that a concern?
This highlights the property's dynamic. You are purchasing a smaller, older home on a lot that is larger than most. The "concern" depends on your goals: if you want a move-in-ready mansion, this isn't it. If you value land size and location over the current structure's specs, this is a key opportunity.

5. What is the neighbourhood like, and what are the practical benefits?
Roblin Park is a mature, established neighbourhood. The high land ranking suggests spacious, private lots with a non-crowded feel. Benefits include stability, established greenery, and likely a quieter street atmosphere compared to newer, denser subdivisions. It's worth visiting at different times to gauge traffic and community feel.