Property Overview: 10 Vermette Place, Winnipeg
Key Characteristics & Appeal
This 1987-built home in River Park South presents a compelling mix of space, value, and potential. Its primary appeal lies in its generous 12,381 sqft lot, which ranks in the top 1% within the neighborhood and top 3% city-wide, offering exceptional outdoor space rarely found in newer subdivisions. With 1,534 sqft of living area, the home is above the Winnipeg average, providing ample room for a growing family.
The assessed value of $516k sits above average for both the neighborhood and the city, suggesting a solid, established property in a desirable area. While the home is the oldest on its street, its construction year is still newer than the typical Winnipeg home, potentially offering a more mature landscape while avoiding some of the maintenance concerns of much older properties.
This property would suit buyers prioritizing land size and established community character over a brand-new build. It’s ideal for those who value space for gardens, play, or future additions, and who are looking for a home that represents above-average value city-wide within a stable, family-oriented neighborhood like River Park South.
Frequently Asked Questions
1. How does this home’s value compare to its neighbors?
The home’s assessed value is above average for the broader River Park South area and significantly above the Winnipeg average. On its specific street, it is ranked around the middle, indicating it is priced consistently with its immediate neighbors.
2. The home is noted as the oldest on the street. Should I be concerned?
While it was built in 1987, making it the oldest among the six comparable homes on Vermette Place, it is still newer than the average home across Winnipeg. This often means the benefits of a mature lot and established neighborhood are balanced with a relatively modern construction era.
3. What is the significance of the lot size?
The land area is this property’s standout feature. It is exceptionally large for the neighborhood, placing it in the top 1%. This offers rare potential for privacy, landscaping, recreation, or future expansion that is hard to find in most suburban areas.
4. What was the previous sale price?
Public records indicate a sale between August 2016 for a price in the range of CA$350,000–$400,000. For fully verified and exact historical transaction figures, a manual lookup through the site’s service is required.
5. Is the living space considered large for the area?
At 1,534 sqft, the living area is slightly above the neighborhood average and more notably above the city-wide average. On its own street, it is around the average size, making it a comfortably sized, typical family home for that specific location.