Property Overview: 116 Wexford Street, Winnipeg
Section 1: Key Characteristics & Appeal
This well-situated Vialoux home is a classic one-and-a-half storey character property built in 1953, sitting on a notably generous and private lot of nearly 7,900 square feet. Its key features include a fully finished basement, a split garage, and 1,170 square feet of living space. The appeal lies in a compelling blend of established neighborhood charm, significant outdoor space rarely found in newer developments, and solid value positioning within the broader Winnipeg market. It ranks highly for lot size, placing in the top 12% of the entire city, offering exceptional potential for gardening, recreation, or future expansion.
This home would best suit a buyer who values space and privacy over brand-new finishes—someone looking for a established community feel and a canvas to personalize. It’s a practical choice for a young family seeking room to grow outdoors, or for a value-conscious buyer who recognizes the long-term asset of a large lot in the city. The property’s above-average city-wide assessment ranking suggests it’s seen as a solid asset, while its last sale in 2016 indicates a homeowner who likely maintained stability, adding to its grounded appeal.
Section 2: Frequently Asked Questions
1. What is the true value of such a large lot?
Beyond the obvious privacy and space, a lot of this size (ranking higher than 88% of Winnipeg homes) is a long-term asset. It provides ample room for children or pets, serious gardening, or future projects like a shed, deck, or even an addition, subject to zoning approvals.
2. How does the age of the home (1953) affect things?
While the home is 73 years old and may require updates, its construction era often means solid bones and character. Buyers should budget for potential maintenance or modernization of older mechanical systems, windows, or insulation, balanced against the charm and established neighborhood trees that come with an older property.
3. The home ranks lower within its own community for some metrics. Why?
The rankings show the home is above average city-wide but more middle-of-the-pack in its specific neighborhood. This suggests Vialoux is an established area with a mix of similar character homes and possibly some larger or more renovated properties. It indicates you’re buying into a stable, desirable community where the property holds its own.
4. What does the price history tell us?
The home last sold in 2016 for $245,000. The current assessed value of $387,000 reflects market-wide appreciation over eight years. This history indicates a period of stable ownership and provides a clear benchmark for understanding the market’s movement in this area.
5. Is the finished basement a legal suite?
The listing states the basement is finished but does not specify it as a legal secondary suite. Buyers interested in rental income should investigate the current layout, ceiling height, separate entrance, and compliance with local zoning and licensing regulations to understand its potential.