Property Overview: 33 St Vital Road, Winnipeg
Key Characteristics & Appeal
This home presents a compelling opportunity centered on its generous, above-average lot size of just over 7,400 sqft in the Norberry neighbourhood. Built in 1956, the house itself is of a modest 940 sqft, which is smaller than both local and city averages, suggesting a property where the land is a primary feature. The assessed value of $350k is consistently around the average for its immediate street and area, but sits below the wider Winnipeg average, indicating a potentially accessible entry point into the market.
The appeal lies in this land-to-structure ratio. It’s a property for those who see potential in outdoor space—for gardening, expansion, or simply enjoying a larger yard than is typical in the city. It would suit a practical buyer who is comfortable with a home that may require updates (common for its age) and who values the long-term asset of the land over immediate square footage. It’s also a sensible fit for buyers looking in St. Vital, offering a value that is very aligned with its direct neighbourhood, avoiding the premium often attached to more central or newly developed areas.
Frequently Asked Questions
1. Is the house in need of major renovation?
Given its age of 70 years, buyers should budget for updates. While systems may have been replaced over time, the property’s era suggests that a thorough inspection is essential to understand the condition of the roof, wiring, plumbing, and insulation.
2. How does the lot size compare to others?
The lot is a standout feature. At 7,441 sqft, it is larger than approximately 86% of lots citywide and 76% of lots on St Vital Road itself, offering significant outdoor space relative to the neighbourhood.
3. Why is the assessed value below the city-wide average?
The assessed value reflects the local market in Norberry and on this street, where average values are lower than the Winnipeg city average. The home’s smaller living area for its age also contributes to this valuation.
4. What is the recent sales history?
The property sold previously in May 2022 and December 2019. The sold price ranges show it transacted in the top 40% and top 68% of city-wide sales for those periods, respectively. For exact sale prices, a manual lookup via the site’s email request is required.
5. Is this a good investment compared to nearby homes?
The data shows its metrics are very typical for St Vital Road and Norberry. Its value proposition isn't about outperforming the area, but about acquiring a solidly average property in the area with the specific advantage of a larger-than-average yard.