Property Overview & Key Characteristics
This 1955-built, one-storey home on a large, approximately 9,855 sqft lot in Vialoux offers a distinct value proposition. Its primary appeal lies in the combination of a very generous, private yard—a rarity in the city—and a functional, fully finished basement that expands the usable living space beyond the 972 sqft main floor. The property ranks in the top 6% of all Winnipeg homes for lot size, offering exceptional outdoor potential. It suits first-time buyers or downsizers looking for a manageable single-level layout with significant outdoor space, as well as value-oriented buyers who see potential in the existing structure and prize the land size over a newer or larger house. A thoughtful perspective is that while the home itself is of average size and age for the area, the lot represents a long-term asset; it provides room for gardens, play, or future expansion, making it a property where the land is a key driver of value.
Frequently Asked Questions
1. How does the age of the home affect its condition and potential costs?
Built in 1955, buyers should budget for updates common to homes of this era. A thorough inspection is recommended to assess the state of major systems like plumbing, electrical, and the roof, which may need attention or modernization.
2. What is the neighbourhood like, and what amenities are nearby?
Located in Vialoux, the property offers a established residential setting. Prospective buyers are encouraged to visit at different times to gauge traffic, noise, and neighbour activity, and to research nearby schools, transit routes, and shopping to ensure it fits their lifestyle.
3. Can the basement be legally used as a rental suite?
While the basement is finished, its legal status as a secondary suite is not confirmed. Buyers interested in rental income must verify compliance with local zoning, licensing, and safety code requirements with the city.
4. Is there potential for expansion or redevelopment on such a large lot?
The sizable lot does create possibilities, such as an addition, garage, or garden suite. Any significant changes would require checking current zoning bylaws, setback rules, and obtaining the necessary permits from the City of Winnipeg.
5. How does the assessed value relate to the asking price?
The municipal assessment is $387,000, a benchmark for property taxes. The listing price is set by the seller based on market conditions, recent comparable sales, and the home's specific features. The assessment is one data point, but the final market value is determined through negotiation between a buyer and seller.