Property Overview & Appeal

This is a distinctive property defined by its exceptionally large, 2.5-acre lot (109,002 sqft), a rare find within Winnipeg that offers immense privacy and space. The home itself is a 1,514 sqft, one-storey bungalow built in 2002, featuring a connected garage and an unfinished basement. Its primary appeal lies in the land itself, providing a blank canvas for gardening, recreation, or potential future expansion in a quiet, established neighborhood.

The property suits buyers prioritizing land over living square footage. It's ideal for someone seeking a private retreat with room to breathe, hobbyists or gardeners wanting extensive outdoor space, or long-term buyers who value the option to customize the basement or potentially expand the home in the future. A less obvious perspective is its value for multi-generational living; the large lot could accommodate a separate secondary suite or accessory building, subject to municipal approvals. While the interior living space is modest for its assessed value, the investment here is squarely in the unique and irreplaceable lot size.

Key Questions for Consideration

1. What are the annual property taxes? Given the high assessed value relative to the home's size, understanding the exact tax burden is crucial for budgeting.
2. What are the zoning bylaws and potential for the lot? Investigating if the large lot allows for subdivision, an accessory dwelling unit (ADU), or specific outbuildings is key for buyers with future plans.
3. Why is the living space ranking lower in the area? The home's square footage ranks in the bottom third of the neighborhood, confirming it's the land driving the value. This highlights a trade-off to be comfortable with.
4. What is the condition of the core systems? As a 24-year-old home, the roof, HVAC, windows, and major mechanicals should be inspected to understand their remaining lifespan.
5. How does the unfinished basement present? Is it a blank slate with a proper rough-in for future development, or are there any moisture, insulation, or ceiling height considerations to address?