180 Alcrest Drive

Property Overview

180 Alcrest Drive is a well-situated, single-storey home built in 1946, offering a unique blend of space, location, and value. Its primary appeal lies in its expansive, approximately 10,913 sqft lot—a rare find that places it in the top 5% of all properties in Winnipeg for land size. The home itself is modest at 681 sqft and includes a finished basement and a detached garage. While the structure is older and the living space is compact, the property's standout feature is its immense outdoor potential. It ranks highly within its community (Vialoux) for lot size, outperforming 64% of neighbouring homes.

This property would perfectly suit a buyer with a vision for outdoor living, gardening, or future expansion, who values land over a large existing footprint. It's also a compelling option for an investor or renovator looking for a home with "good bones" on a premier lot, willing to update the interior over time. The very strong city-wide ranking for land size suggests a solid long-term investment in a desirable location, despite the home itself requiring modernization.

Key Questions for Buyers

1. What does the ranking system mean?
The rankings compare this property to others on its street, in Vialoux, and across all of Winnipeg. For example, its land size beats 95% of all Winnipeg properties, making it exceptionally large. Conversely, its living area is smaller than 96% of city homes, clearly highlighting the trade-off between indoor and outdoor space.

2. Is the older construction year a concern?
Built in 1946, the home is older than 79% of properties in Winnipeg. This typically means potential for outdated mechanical systems (like plumbing or wiring) and a need for insulation upgrades. A thorough inspection is essential, but the character and construction quality of older homes can also be a significant draw.

3. How does the assessment value relate to the asking price?
The municipal assessment is $334,000, which is a baseline for property taxes. The eventual sale price is determined by the market. The fact that this assessment outperforms only 45% of Winnipeg homes suggests the value is heavily tied to the land, not the current structure.

4. What are the possibilities for the large lot?
Beyond gardening, the lot offers potential for adding a large deck, patio, or workshop. It could accommodate an addition or even a future secondary suite (subject to zoning and permits), fundamentally changing the home's utility and value.

5. Who is this property not for?
It is likely not a match for buyers seeking immediate move-in condition, modern open-concept layouts, or ample indoor living space without a renovation project. The appeal here is foundational—centred on location and land with the home itself as a project.