Property Overview: 112 St Vital Road, Winnipeg
Section 1: Key Characteristics & Appeal
This home is defined by its contrasts. Built in 1915, it is a historic property on a street and in a neighborhood (Pulberry) predominantly developed decades later. With 816 sqft of living space, it is notably more compact than most area homes, ranking in the top 90-96% for being smaller than its peers. However, its assessed value of $306k sits closer to the city-wide average, suggesting the value proposition isn't about sheer size.
The appeal lies in its efficient footprint and its potential as an entry point into the market. The lot size is fairly typical for the street, offering outdoor space without excessive maintenance. This property would suit a first-time buyer, an investor, or someone seeking a lower-maintenance home who values character over modern square footage. It represents an opportunity to own a standalone house rather than a condo, with taxes likely reflecting its below-average neighborhood assessment. A thoughtful perspective is that its age and smaller size make it a candidate for a thoughtful, efficient renovation that could modernize the space while preserving its unique place in the area's history.
Section 2: Frequently Asked Questions
1. Why is the living area so much smaller than nearby homes?
This home was built in 1915, making it significantly older than most in Pulberry. Building styles and size expectations were different then, resulting in a more compact, efficient footprint compared to the post-1950s homes that dominate the area.
2. How can the assessed value be near the city average when the house is so much smaller?
Assessment considers multiple factors beyond just living area, including lot value, location, and the property's overall condition. Its value positioning indicates that other attributes are balancing the smaller size, potentially including its lot and established location.
3. What does the sold price history indicate?
Records show it last sold between $300k-$350k in late 2021. This past sale price aligns closely with its current assessed value, providing a recent benchmark for its market value.
4. Is this a good investment compared to newer homes in the area?
It depends on strategy. Its price point is lower than the neighborhood average, potentially offering better cash flow for a rental or a lower entry cost. However, an older home may have different maintenance considerations than a newer one.
5. Where can I get verified sale price data for this home?
The provided data is from public sources. For fully verified figures and a complete transaction history, you must request a manual lookup from the site, which they will provide via email, as MLS data is not displayed here.