773 Pepperloaf Crescent

Property Overview & Key Characteristics

This one-storey home in Roblin Park is defined by its exceptionally generous 20,608 sqft lot, placing it in the top 1% of properties in Winnipeg for land size. The 2,100 sqft living area is also well above average, ranking in the top 10% for the neighborhood. Built in 1970, the home features a split garage and an unfinished basement, presenting a classic layout with clear potential for expansion or customization.

The primary appeal lies in its rare combination of a very large, flat parcel in a well-established area and a spacious, single-level floor plan. It suits buyers looking for long-term potential over immediate turn-key perfection. This is an ideal property for someone who values outdoor space for gardens, recreation, or future additions, and who prefers the accessibility of a bungalow. The significant difference between its 2022 sale price and current assessed value suggests a major transformation is underway, making it a compelling canvas for a buyer with a vision for renovation or who is comfortable with a project.

Frequently Asked Questions

1. What does the "unfinished basement" entail?
It means the basement is in a rough state, with concrete floors and walls, and exposed utilities. It's a blank slate for future development, adding significant potential living space, but will require a full renovation to be usable as living area.

2. The lot is huge, but are there any restrictions on what I can build?
While the lot size offers incredible potential, any new structures, significant additions, or even pools would require checking with the city for zoning bylaws, setback requirements, and necessary permits. The existing footprint leaves ample room to work within.

3. The home's age suggests potential updates are needed. What should I prioritize?
Given the 1970 construction, a thorough inspection of major systems is essential. Key focuses should be the roof, plumbing, electrical wiring, and heating system to understand any immediate needs before considering cosmetic updates.

4. How does the 2022 sale price compare to the current assessment?
The property sold for $335,000 in late 2022 and is now assessed at $587,000. This substantial increase likely reflects major improvements already made, a significant shift in the market, or a combination of both. It highlights a dramatic change in the property's condition or perceived value in a short time.

5. Who would this property not be a good fit for?
It may not suit buyers seeking a modern, low-maintenance home ready for immediate move-in. The unfinished basement and the likely need for updates mean it requires additional investment, time, and project management compared to a fully renovated property.