Property Overview

This 1973-built bungalow at 704 Pepperloaf Crescent in Winnipeg's Roblin Park neighbourhood presents a compelling blend of space, location, and established value. Its key appeal lies in its exceptionally large, nearly 10,000 sqft lot, offering rare suburban-like space within the city. The home itself, with 1,693 sqft of living space and a finished basement, provides practical, single-level living. The property's strong and consistent value is evidenced by its assessment and recent sale price, which rank in the top 10-15% locally, showing it is a high-performing asset within its immediate area.

While the home is over 50 years old, its recent sale history indicates steady appreciation. It suits buyers looking for a generous yard for family, gardening, or pets, and who prioritize lot size over a newer build. It's also a solid option for those seeking a move-in-ready bungalow, potentially appealing to downsizers or those wanting to avoid stairs, without sacrificing outdoor space. A thoughtful perspective is that this property represents "established density" – it occupies a large parcel in a mature neighbourhood, a type of land use becoming increasingly rare in urban infill, offering both privacy and future potential.

Frequently Asked Questions

1. How does the age of the home (1973) impact its value?
While the building itself is mature, the data shows the property consistently ranks in the top tier for value in its area. The recent sale price significantly above the assessed value suggests the market strongly values the combination of the large lot, finished basement, and location, outweighing concerns about the build year.

2. What does the "ranking" data actually tell me?
The rankings compare this property against others on its street, in Roblin Park, and across all of Winnipeg. For example, ranking in the "top 6%" for lot size city-wide highlights just how substantial the 9,827 sqft parcel is. Similarly, its value rankings consistently in the 80th-90th percentiles confirm it is a premium property within its local context.

3. Is the neighbourhood competitive?
The home's recent sale price placed it in the top 10% on its street and top 12% in the community for transaction value, indicating it was a highly desirable purchase. This suggests competition for well-presented homes with these attributes in Roblin Park.

4. What is the potential for future value growth?
The steady appreciation from $450K in 2017 to $575K in 2024 demonstrates a strong trajectory. The lot size is its permanent, unchangeable advantage. In a market increasingly focused on infill, a large lot in a established neighbourhood is often seen as having inherent long-term value, whether for personal enjoyment or future redevelopment.

5. Who would this property NOT suit?
It may not suit buyers seeking a modern, open-concept layout or a brand-new home without any renovation projects. Those prioritizing a brand-new build (it ranks newer than only 53% of Winnipeg homes) or a low-maintenance, small yard should consider other options.