Property Overview & Key Characteristics
This home at 19 St Vital Road in Winnipeg's Norberry neighbourhood presents a distinct profile centered on land value and potential. Built in 1929, it is notably older than most area homes. Its 847 sqft living space is compact, ranking below average for the street, neighbourhood, and city. The assessed value of $284k also sits below local averages, suggesting a more accessible price point.
The primary appeal lies in its generous 6,598 sqft lot, which is above average city-wide. This creates a clear value proposition: you are acquiring a substantial piece of land with a modest, older home. It suits buyers looking for an entry point into the market who prioritize outdoor space over square footage, or those with a vision for expansion or redevelopment over time. It’s a property for a practical buyer, a long-term planner, or someone comfortable with a project, rather than someone seeking a move-in-ready, spacious modern home.
Frequently Asked Questions
1. Is the below-average living area a major concern?
It depends on your needs. For a single person, couple, or small family, 847 sqft can be functional, especially with a large yard to extend living space outdoors. The trade-off for the larger lot is a more compact interior.
2. What does the older year of construction (1929) mean for me?
Homes of this age often possess solid construction and character but require diligent maintenance. Prospective buyers should budget for potential updates to systems like wiring, plumbing, or insulation, and prioritize a thorough inspection.
3. The assessed value is below average. Is that good or bad?
It can be both. It indicates a potentially lower purchase price compared to neighbouring homes, which is attractive for budget-conscious buyers. However, it also reflects the home's smaller size and age. It's a figure to use as a baseline in market negotiations.
4. How significant is the larger lot size?
A lot of this size (over 6,500 sqft) is a valuable asset in the city. It offers ample space for gardening, recreation, adding a garage, or future expansion. This is the property's standout feature and a key source of its long-term value.
5. Where can I find exact historical sold prices for this home?
The site provides sold price ranges. To obtain the exact historical sale figures, you must request them via email from the service, as they manually look up and provide this data due to industry regulations.