Property Summary: 140 Wexford Street, Winnipeg
Section 1: Key Characteristics & Appeal
This home is a classic 1951 one-storey bungalow on an exceptionally large, approximately 11,823 sqft lot in the Vialoux neighbourhood. Its primary appeal lies in the land itself—the property ranks in the top 4% of all Winnipeg for lot size, offering rare potential for expansion, gardening, or outdoor living. With 1,012 sqft of living space, an unfinished basement, and a detached garage, it presents a straightforward, solid foundation.
The property suits two main types of buyers. First, it's ideal for a hands-on buyer or renovator looking for a home with a massive yard where value can be added over time through updates and landscaping. Second, it appeals to a value-conscious buyer prioritizing land over a modern, turn-key home, who sees the long-term equity in a large urban lot. Its high ranking for lot size against city-wide comparables suggests a unique holding in a mature neighbourhood, where such expansive parcels are increasingly uncommon. The appeal is less about its current condition and more about the enduring value of the land and the home's potential.
Section 2: Frequently Asked Questions
1. What does the "ranking" data mean?
The rankings compare this property against similar ones on its street, in its community, and across all of Winnipeg. For example, ranking in the top 4% for lot size city-wide means the property is larger than 96% of homes in Winnipeg, a significant standout feature.
2. Is the house in original condition?
Given its 1951 build date and the mention of an unfinished basement, it is very likely the home retains much of its original character and will require updates. This is reflected in its lower rankings for age and living area compared to neighbours.
3. What can be done with such a large lot?
The lot offers notable potential beyond a standard yard. Owners could explore adding a substantial addition, creating extensive garden beds, installing recreational features, or even future subdivision, subject to city zoning and bylaws.
4. Who is responsible for maintaining the large lot?
The homeowner is fully responsible. Buyers should factor in the time and cost for lawn care, landscaping, snow clearing, and general upkeep of a property of this scale.
5. How does the assessment value relate to the asking price?
The municipal assessment of $374,000 is for taxation purposes and provides a baseline. The eventual listing or sale price will be determined by the market, heavily influenced by the premium value of the oversized lot and current housing conditions.