788 Harstone Road

Property Overview: 788 Harstone Road

This well-situated Roblin Park bi-level home presents a compelling opportunity on a large, mature lot. Built in 1971, the 1,010 sqft home features a finished basement and a detached garage. Its standout feature is the expansive 10,135 sqft property, which offers significant outdoor space and privacy—a rarity in many city neighbourhoods. The home’s appeal lies in this generous land parcel and its solid, established community setting. It would particularly suit first-time buyers or downsizers looking for a manageable home with ample yard space for gardening, recreation, or future expansion. Value-focused buyers who prioritize land size over a large interior footprint will find this property attractive, as will those seeking a home with straightforward renovation potential.

Key Considerations & FAQs

1. What is the true value of the large lot?
Beyond simple outdoor space, a lot of this size (over 10,000 sqft) in a mature neighbourhood offers long-term flexibility. It provides privacy from neighbours, room for additions like a shed or deck, and a tangible sense of openness that is increasingly hard to find.

2. How does the home’s ranking for "newness" affect it?
While the 1971 build date ranks in the newer half for Winnipeg overall, it’s among the older 25% on its own street. This suggests the immediate area has seen some newer construction or major renovations, so buyers should consider if they are comfortable with a home that may require updates to match neighbouring standards.

3. Is the finished basement a legal suite?
The listing states the basement is finished but does not specify it as a legal secondary suite. Buyers interested in rental income should investigate the current layout, necessary permits, and compliance with local zoning regulations.

4. The assessed value is higher than the 2020 sale price. What does that indicate?
The current assessment of $405,000, compared to the 2020 sale at $376,000, reflects market appreciation and municipal valuation over four years. It provides a baseline for property taxes but does not dictate market value, which will be determined by current buyer demand.

5. What do the competitive rankings mean for this property?
The data shows a interesting contrast: this home ranks in the top 6% of Winnipeg for lot size, but only in the top 70% for living area. This highlights its core proposition: you are purchasing primarily for the exceptional land, with the home itself being a comfortable but modest-sized starting point.