Property Overview: 125 Wexford Street, Winnipeg
Key Characteristics & Appeal
This is a well-established, single-storey home in the Vialoux neighbourhood, built in 1954. Its primary appeal lies in its generous, mature lot of over 8,200 square feet—a rarity that offers significant outdoor space and potential in a city setting. The home itself features a practical layout with 1,059 sqft of living space and the added utility of a finished basement and a detached garage.
The property’s standout strength is its land value and relative positioning. It ranks in the top 10% of all Winnipeg properties for lot size, suggesting a premium parcel of land. While the house is older and average in size for its immediate area, its assessed value ranks higher than most in the city, indicating that the land component is a major driver. This creates an interesting dynamic: it’s a classic post-war home that appeals to those seeking space and stability, but the large lot also presents a long-term opportunity for expansion or redevelopment, subject to zoning.
This home would suit a buyer who values a spacious, private yard above a large or modern interior. It’s ideal for someone with gardening ambitions, families or pets needing room to play, or a pragmatic buyer who sees the underlying asset value of the land. It may also appeal to an investor or homeowner with future plans to significantly renovate or rebuild, leveraging one of the larger lots in the community.
Frequently Asked Questions
1. What does the ranking data actually tell me?
The rankings compare this property to others on its street, in Vialoux, and across all of Winnipeg. For example, being in the top 10% city-wide for lot size is a significant advantage, while the home’s age and size are more typical for the local area. This highlights the land as the key asset.
2. Is the finished basement included in the 1,059 sqft living area?
No, the 1,059 sqft figure typically refers to above-ground living space. The finished basement is an additional area, adding functional space like a family room, office, or extra bedrooms.
3. The assessed value is notably higher than the 2019 sale price. What does this mean?
Municipal assessments reflect market value estimates for taxation purposes and can be influenced by broader market trends and land value. The increase since 2019 likely reflects general market appreciation and the consistent high value placed on large lots. It’s a data point for discussion, not a guaranteed sale price.
4. What are the implications of such a large lot?
Beyond privacy and space, a lot of this size (over 1/5 of an acre) may offer more flexibility for additions, sheds, or landscaping projects. It’s wise to check specific setback and zoning bylaws with the city to understand the full scope of what is permissible.
5. Who might this property not suit?
Buyers seeking a modern, move-in-ready home with an open-concept layout or minimal maintenance may find this property requires more updates or work. The appeal here is grounded in space and potential rather than turn-key contemporary finishes.