529 Pepperloaf Crescent

Property Overview

529 Pepperloaf Crescent is a well-established, one-storey home in the Roblin Park neighbourhood. Its primary appeal lies in its generous 12,535 sqft lot—a rare find that places it in the top 3% of all properties in Winnipeg for land size. The 1,549 sqft home, built in 1961, features a finished basement and a detached garage. While the house itself is older and ranks moderately within its immediate area for age and assessed value, it offers significant space, both indoors and out. This property would particularly suit buyers who prioritize land over a modern build, such as those looking for gardening space, room for additions, or simply a large, private yard in the city. It’s a solid opportunity for a long-term holder willing to update a home over time to match the substantial potential of its lot.

Key Questions for Consideration

1. What does the "finished basement" entail? Given the home's age, it's important to clarify the finish quality, ceiling height, moisture control, and whether any permits were obtained for the work.
2. How is the property's mechanical and structural condition? With a 65-year-old home, the roof, foundation, plumbing, electrical systems, and heating should be thoroughly inspected to understand upcoming maintenance or upgrades.
3. What are the zoning bylaws and development potential of the large lot? The exceptional lot size may allow for future additions, a garage workshop, or other structures. Checking setback rules and permitted uses is a wise step.
4. How does the assessed value compare to the asking price? The city's assessment is $406,000. Understanding the seller's pricing rationale relative to this figure and recent area sales is crucial for valuation.
5. What is the community and street like day-to-day? Roblin Park is a mature area. It’s beneficial to visit at different times to gauge traffic, neighbour interactions, and overall ambiance to see if it matches your lifestyle.