23 Vance Place

Property Overview: 23 Vance Place, Winnipeg

Key Characteristics & Appeal

This is a spacious, well-established two-storey home in Betsworth, built in 1989. Its primary appeal lies in offering substantial space and a mature setting on a large lot. With over 2,400 sqft of living space, it ranks in the top tier for size within its community and across Winnipeg. The property features a finished basement and an attached garage. The data suggests it is a home that has been maintained and has seen value appreciation, with its current assessed value significantly higher than its 2016 sale price.

Its appeal is multifaceted. For buyers seeking room to grow without a new-build price tag, it offers proven space in a settled neighborhood. The large land parcel (over 7,300 sqft) is a significant asset for privacy, gardening, or future outdoor projects. The rankings indicate it outperforms most local homes in terms of square footage, lot size, and assessed value, suggesting a property that stands out in its immediate area for these tangible metrics. It would suit a family looking for move-in-ready space, a buyer who values the character and established gardens of an older neighborhood, or someone who sees long-term value in a larger, older lot compared to newer subdivisions with smaller footprints.

Potential Buyer FAQs

1. What is the neighborhood like? Betsworth is a mature community with homes primarily from the 1980s and 1990s. The high rankings for lot and home size suggest the area offers more spacious properties compared to many parts of the city, likely attracting established families.

2. Why is the assessed value so much higher than the 2016 sale price? The increase reflects market-wide appreciation in Winnipeg over the past eight years, combined with this specific home's desirable attributes (large size, large lot) that have likely contributed to above-average value growth in its category.

3. Are there any concerns with a 37-year-old home? While the home appears well-maintained, a key step would be to verify the condition of major aging components typical for this era, such as the roof, windows, and major mechanical systems (furnace, water heater), to plan for any future updates.

4. What do the "rankings" actually mean? They are a relative comparison tool. For example, ranking in the "top 14%" for size on its street means it is larger than 86% of its immediate neighbors, indicating it's one of the biggest homes on the block—a point of privacy and potential value.

5. Is the finished basement included in the 2,410 sqft living area? Typically, living area (GLA) refers to above-grade space. The finished basement is an additional bonus area, adding functional space for recreation, guests, or a home office beyond the already generous main floors.