712 Pepperloaf Crescent

Property Summary: 712 Pepperloaf Crescent, Winnipeg

Key Characteristics & Appeal

This is a classic one-and-a-half storey home in Roblin Park, built in 1946 and situated on a remarkably large, mature lot of over 13,500 square feet. With 1,526 sqft of living space, it offers more room than most comparable homes in the area. The property’s standout feature is its land: the lot size ranks in the top 3% city-wide, presenting a rare opportunity for expansive gardens, recreation, or future expansion. The home itself has an unfinished basement, providing a blank canvas for development.

Its appeal lies in a balance of established neighbourhood charm and significant potential. The house suits a buyer who values space and privacy over brand-new finishes—someone comfortable with a home that has history and sees the value in a property where the land itself is a major asset. It’s an ideal match for a hands-on owner looking to customize their space over time, or for those prioritizing outdoor living and room to grow in a well-located community. The rankings suggest a home that is spacious and sits on a premium lot, while acknowledging that updates and modernization would be part of the journey.

Frequently Asked Questions

1. What does the "one-and-a-half storey" design mean?
Typically, this style features a main floor with principal rooms and a second floor with sloped ceilings, often containing bedrooms tucked into the eaves, which can create cozy, character-filled spaces.

2. How significant is the lot size?
At 13,545 sqft, it is exceptionally large for Winnipeg. This not only provides ample private outdoor space but can also be a long-term financial asset, as such sizable lots are increasingly rare in established neighbourhoods.

3. The home was built in 1946. What should I be aware of?
Prospective buyers should budget for and prioritize inspections of major aging systems, such as plumbing, electrical, and the roof. While this brings potential update costs, it also allows for customization to modern standards.

4. The assessment value seems lower than expected for such a large lot. Why?
Municipal assessments primarily reflect a property’s value for tax purposes and often lag behind market trends. The assessment here likely emphasizes the age and condition of the dwelling, while the market value would place a significant premium on the lot’s rarity and development potential.

5. Is the unfinished basement a drawback or an opportunity?
It is primarily an opportunity. An unfinished basement allows a new owner to design and finish the space to their exact needs—whether for a recreation room, additional bedrooms, or a suite—without needing to undo previous work, though it requires an upfront investment.