5924 Southboine Drive

Property Overview

This 1972 bi-level home at 5924 Southboine Drive offers a distinct blend of space, privacy, and established character. Its primary appeal lies in its exceptionally large, approximately 11,080 sqft lot, which places it in the top 5% of all properties in Winnipeg for land size. This provides rare potential for gardening, expansion, or simply enjoying generous outdoor space. The home itself features 1,422 sqft of living space with a finished basement, catering to practical needs for room to grow or host. A split garage adds convenience.

Its value is further underscored by a municipal assessment significantly higher than most in its immediate area, suggesting solid underlying value. The property suits buyers prioritizing land over a large interior footprint, looking for a project home with good bones in a mature neighborhood. It’s ideal for those who value privacy and outdoor potential, from growing families wanting space for kids and pets to downsizers seeking a manageable home with a premium garden oasis. A thoughtful perspective is recognizing that while the home’s interior size is modest for the street, the colossal lot offers a unique canvas that is increasingly rare, making it a long-term investment in lifestyle and land value.

Frequently Asked Questions

1. What does the ranking data actually tell me?
The rankings compare this property against others on its street, in the neighborhood, and across Winnipeg. Key takeaways: it has a top-tier lot size city-wide (95th percentile), but the house itself is older and smaller than many on its specific street. This highlights the trade-off: premium land with a home that may require updates.

2. Is a bi-level layout suitable for all lifestyles?
Bi-levels feature split entryways and living spaces spread over two main levels. They are efficient and can feel spacious, but involve short staircases between common areas and bedrooms. This layout suits many but may be less ideal for those requiring single-level living.

3. The assessment is high for the area. What does that mean?
A municipal assessment of $525,000, ranking in the top 14% city-wide, indicates the city’s valuation of the property is strong, often influenced by the large lot. This can be a positive indicator of value, but the final market price is determined by buyer demand.

4. What are the implications of such a large lot?
Beyond privacy and space, a lot of this size (over a quarter-acre) may involve higher maintenance, potential for subdivision (subject to zoning), and possibly higher property taxes relative to houses with standard lots. It's a major asset that also comes with responsibility.

5. The home was built in 1972. What should I consider?
Homes from this era may have original components like windows, roofing, or electrical systems nearing the end of their lifespan. A thorough inspection is crucial. On the positive side, construction from this period is often robust, and the mature neighborhood is fully established with trees and amenities.