247 Haney Street

Property Overview: 247 Haney Street

Key Characteristics & Appeal

This is a well-situated, single-storey home in the established Varsity View neighbourhood, built in 1958. Its primary appeal lies in its exceptionally large, private lot of nearly 11,800 square feet—a rarity that places it in the top 4% of all properties in Winnipeg for land size. The home itself is modest at 977 sqft and features a finished basement and a detached garage.

The property’s standout strength is its land. The lot offers immense potential for gardening, expansion, or simply enjoying generous outdoor space in a central location. While the house is older and its interior space is average for the area, its value is anchored by the land. It ranks highly within its community for lot size but more moderately for the home's age, size, and assessed value.

This home would best suit a buyer who prioritizes land over a turnkey, modern interior. It’s an ideal canvas for someone looking to gradually renovate and personalize a home while immediately enjoying a large yard. It could also appeal to an investor or builder who recognizes the long-term value of the substantial lot in a desirable neighbourhood.

Frequently Asked Questions

1. What does the ranking data actually mean?
The rankings compare this property against others on its street, in Varsity View, and across all of Winnipeg. For example, being in the "top 4% in Winnipeg" for land size is a significant advantage, while the more average rankings for the house's size and assessed value indicate the existing structure is fairly typical.

2. Is the large lot usable, or is it an odd shape?
While the listing doesn't specify the lot's dimensions, a size of nearly 11,800 sqft on a residential street suggests a very deep or wide parcel. It’s advisable to view the lot map or survey to understand its full configuration and potential.

3. What are the implications of the home's age (1958)?
A home of this age will likely have original or older building components, such as plumbing, electrical, and windows. A thorough inspection is crucial to understand the condition and to plan for any necessary updates or maintenance.

4. Does the "finished basement" add legal living space?
The term "finished" means the basement is developed for use, but it may not necessarily be a legal secondary suite or add to the official 977 sqft living area. Checking with the city on the permits for the basement finish would clarify its status.

5. Why is the assessed value ranking lower than the land size ranking?
This is a key insight. The high land value is likely balanced by the modest, older home on it. The assessment reflects the current property as-is. The disparity highlights the opportunity: the value is in the land, with the existing house contributing less to the total assessment.