Property Overview
This home at 147 Wexford Street stands out for its substantial size and modern construction within a well-established Winnipeg neighborhood. The data reveals a property that ranks highly against its peers on several key metrics. With 2,159 sqft of living space, it is significantly larger than the average home on its street, in the Vialoux community, and across the entire city, placing in the top 7% citywide. Its 2016 build year makes it exceptionally new for the area, ranking in the top 3% on its street. The property sits on a generous 10,358 sqft lot, which is above the citywide average. The municipal tax assessment of $745,000 is notably high, ranking in the top 3% in Winnipeg, which reflects its perceived value but also indicates corresponding property tax obligations.
Key Characteristics & Appeal
The primary appeal of this property lies in its combination of modern amenities and ample space within a mature setting. It is a contemporary home that avoids the typical compromises of older neighborhood renovations. Its high assessment value and top-tier rankings for living space and age suggest a premium, turn-key property.
This home would best suit buyers looking for a move-in-ready, spacious modern dwelling without wanting to live in a brand-new subdivision. It appeals to those who value established trees and community character but not the maintenance and potential issues of an older house. The high tax assessment indicates it's likely a substantial financial investment, catering to buyers for whom upfront quality and space are priorities over minimizing ongoing tax costs. A thoughtful perspective is that while the high assessment confirms desirability, it also sets a firm baseline for future property taxes, a key factor for long-term budgeting.
Frequently Asked Questions
1. What does the high tax assessment mean for me?
A high municipal assessment, especially one ranking in the top 3% citywide, generally indicates the city's valuation of the property is substantial. This typically translates to higher-than-average property taxes, so it's important to factor this into your annual housing costs.
2. How does the 2016 build year benefit me?
A build year of 2016 means major systems like roofing, HVAC, plumbing, and electrical are relatively new and likely built to modern codes. This can offer significant savings on immediate repairs and updates compared to most homes in the area, which average from the 1960s and 1970s.
3. The living space is large, but how does the lot size compare?
At over 10,000 sqft, the lot is larger than the Winnipeg average and provides good outdoor space. However, within the immediate Vialoux community, it is closer to the average. This suggests a balanced property with a sizable home and yard, but not necessarily an exceptionally vast or private lot compared to some neighbors.
4. What do these "rankings" actually tell me?
The rankings show how this property compares to similar ones in three areas: its specific street, the broader Vialoux community, and all of Winnipeg. For example, ranking 2nd out of 66 on its street for assessment value means it is considered one of the very top properties on that block.
5. Are there any potential drawbacks implied by this data?
The data highlights premium features, which come with a premium cost, both in purchase price and ongoing taxes. Its standout nature on a street of mostly older homes could affect future resale value perception, potentially appealing to a specific buyer segment. It's always wise to investigate why this specific property is assessed so much higher than neighbors.