Property Overview: 48 St Vital Road, Winnipeg
Section 1: Key Characteristics & Buyer Profile
This Norberry home presents a practical and affordable entry point into the Winnipeg market. Its key characteristic is value: with an assessed value of $308,000, it sits consistently around the average for its immediate street and neighborhood, yet notably below the wider city average. The 848 sqft living area is compact, ranking below average in size comparisons, which suggests a efficient, manageable layout.
The appeal lies in its relative modernity and financial accessibility. Built in 1962, it is a newer home compared to many on its street and in Norberry, potentially implying fewer immediate concerns with aging infrastructure. The lot, while below the area average at 4,869 sqft, still offers decent outdoor space. This property would suit first-time buyers or downsizers seeking a lower-maintenance home without a premium price tag. It’s a straightforward option for those who prioritize a sensible budget over square footage, in a mature neighborhood with established amenities.
A less obvious perspective is its potential as a long-term hold in a stable area. Its assessed value aligns closely with local norms rather than city-wide spikes, which may indicate a resilient, non-speculative valuation. The compact size could also mean lower utility and maintenance costs, appealing to cost-conscious owners.
Section 2: Frequently Asked Questions
1. How does the home’s size compare to others?
The living area of 848 sqft is below the average for similar homes on St Vital Road (1,104 sqft), in Norberry (1,112 sqft), and city-wide (1,342 sqft). It is a compact, efficiently sized property.
2. Is the assessed value in line with the area?
Yes. The $308,000 assessment is around the average for the street ($340.6k) and Norberry ($332k), and is below the city-wide average for comparable homes ($390.1k).
3. How old is the home, and is that typical?
The home was built in 1962. It is actually newer than many on its street and in the Norberry area, where average build years are 1955 and 1952, respectively.
4. What is known about the last sale?
The property sold in July 2016 for a price between CA$250,000 and $300,000. Exact sale figures require a manual lookup request through the site.
5. How does the lot size compare?
The 4,869 sqft lot is below the average for St Vital Road (6,144 sqft) and Norberry (6,490 sqft), but is closer to the city-wide average (6,570 sqft). It provides a modest, manageable yard space.