685 Pepperloaf Crescent

Property Overview

This 1969 bi-level home at 685 Pepperloaf Crescent offers a unique blend of space, location, and value in the established Roblin Park neighbourhood. Its primary appeal lies in its exceptionally large, nearly 10,000 sqft lot, which places it in the top 6% of all properties in Winnipeg for land size. This provides rare potential for gardening, expansion, or simply enjoying generous private outdoor space. The home itself features a finished basement and an attached garage, with a practical layout spanning 936 sqft of living space.

The property suits buyers looking for a solid investment in a mature community, where the value is significantly anchored in the land itself. It's ideal for those who prioritize outdoor space over a large interior footprint and are comfortable with a home that offers a functional, no-frills foundation. A thoughtful perspective is that this property represents a "blank canvas" opportunity; while the interior may require updating to suit modern tastes, the expansive lot is an irreplaceable asset that offers long-term flexibility and is a strong hedge against inflation. It would particularly appeal to a handy buyer, a small family seeking room to play and grow, or an investor recognizing the underlying land value in a well-ranked city-wide location.

Frequently Asked Questions

1. How does the lot size compare to typical properties?
The 9,931 sqft lot is a major feature, placing it in the 94th percentile for Winnipeg. It is significantly larger than most residential plots, offering uncommon space and privacy.

2. What does the "bi-level" design mean for daily living?
A bi-level typically features a split entry, with living areas on two main levels staggered above and below ground. This can create defined separate zones but may involve more stairs than a bungalow. The basement here is finished, adding to the usable space.

3. The home was built in 1969. What should I consider?
While the structure is solid, buyers should budget for potential updates to major aging components (like roof, windows, HVAC) and anticipate that interior aesthetics likely reflect its era. A thorough inspection is advised to understand the condition of these older systems.

4. The living area is 936 sqft. Will it feel small?
The living area is modest and ranks lower locally. However, the finished basement effectively expands usable space. The home's feel will depend largely on layout efficiency, and the massive lot fundamentally shifts the living focus outward to the yard.

5. The assessed value is higher than the 2021 sale price. What does this indicate?
The current assessment of $414,000 reflects the municipality's valuation for tax purposes, influenced by market trends and the prized lot size. The 2021 sale price of $376,000 is a historical data point. The listing price will be determined by current market conditions and seller motivation.