Property Overview: 12 St Vital Road, Winnipeg
Section 1: Key Characteristics & Appeal
This home presents a distinct profile defined by its value proposition and practical considerations. Its key characteristic is a significantly below-average assessed value ($192k) compared to similar homes on its street, in Norberry, and across Winnipeg. This positions it as one of the most affordable entry points in its immediate area.
The appeal lies primarily in its accessibility for first-time buyers or investors seeking a lower barrier to entry into the Winnipeg market. The compact, 844 sqft living space (smaller than area averages) suggests lower utility costs and manageable upkeep. A thoughtful perspective is that a home of this vintage (built 1929) in a mature neighbourhood like Norberry often comes with established landscaping and a settled streetscape, offering a sense of permanence that newer subdivisions may lack.
This property would best suit a pragmatic buyer whose priority is securing a foothold in the market with a clear budget. It’s a candidate for those comfortable with a home that may require updates or personalization over time. The very small lot (2,936 sqft, the smallest on the street) means minimal exterior maintenance but also limited private outdoor space, appealing to those who prefer low-yardwork living or prioritize proximity to community amenities over a large private yard.
Section 2: Frequently Asked Questions
1. Why is the assessed value so much lower than neighbouring homes?
The assessed value is influenced by several factors visible in the data: the home has a smaller living area and a significantly smaller lot size than area averages. The age of the home (1929) is also a factor. The assessment reflects these physical characteristics, resulting in a lower valuation.
2. What does the sold price history indicate?
Records show the home sold between $200k-$250k in April 2023. This recent sale price range aligns closely with the current assessed value, suggesting the assessment is grounded in the recent market transaction.
3. Are there concerns with a house built in 1929?
While offering charm and character, a home of this age will likely have older infrastructure. A prospective buyer should budget for and prioritize a thorough inspection focusing on the roof, foundation, plumbing, electrical systems, and insulation to understand any needed updates or maintenance.
4. How does the very small lot impact living here?
The lot is the smallest on St Vital Road. This means lower maintenance and property taxes tied to land value, but also limited potential for expansions like large additions, decks, or pools. Outdoor activities would rely more on public parks.
5. Where can I get verified details on past sales?
The provided sold price is based on public data. For fully verified transaction history and exact sale figures, you must request a manual lookup from the site via email, as this information is not sourced from the MLS system displayed here.